RSI, MACD Confluence

A custom indicator created by TrendSpider on TrendSpider. You can import this custom indicator into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the custom indicator.

Identify RSI + MACD strength and confluence with color coded candles.

Source code

This indicator had been implemented by TrendSpider in JavaScript on TrendSpider. Check out the developer documentation to learn more about JS on TrendSpider.

describe_indicator('RSI, MACD Confluence');

// Input parameters
const rsiLength = input.number('RSI Length', 14, { min: 1 });
const macdFastLength = input.number('MACD Fast Length', 12, { min: 1 });
const macdSlowLength = input.number('MACD Slow Length', 26, { min: 1 });
const macdSignalLength = input.number('MACD Signal Length', 9, { min: 1 });

// Calculate RSI
const myRsi = rsi(close, rsiLength);

// Calculate MACD
const myMacdLine = sub(ema(close, macdFastLength), ema(close, macdSlowLength));
const mySignalLine = ema(myMacdLine, macdSignalLength);
const myHistogram = sub(myMacdLine, mySignalLine);

// Define conditions
const rsiCondition = for_every(myRsi, r => r > 50);
const macdOverSignalCondition = for_every(myMacdLine, mySignalLine, (m, s) => m > s);

// Combine conditions and determine candle colors
const candleColors = for_every(
    rsiCondition,
    macdOverSignalCondition,
    (rsi, macdSignal) => {
        const trueCount = [rsi, macdSignal].filter(Boolean).length;
        if (trueCount === 2) return '#2fcc56';
        if (trueCount > 0) return 'lightgray';
        return 'red';
    }
);

// Color the candles
color_candles(candleColors);

// Register signals for scanner and strategy tester
register_signal(
    for_every(candleColors, c => c === '#2fcc56'),
    "Strong Bullish (Green)"
);

register_signal(
    for_every(candleColors, c => c === 'lightgray'),
    "Neutral (Gray)"
);

register_signal(
    for_every(candleColors, c => c === 'red'),
    "Bearish (Red)"
);