Ribbon and TSI agreement
Ribbon and TSI agreement is an alert that checks every 15 minutes and fires at most once per bar.
uses a library or indicator
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alert "Ribbon and TSI agreement"2
check: every 15m3
repeat: once per bar4
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use indicator "Trend Ribbon" v3 as ribbon (fast: 8, slow: 21)6
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t = tsi(close, long: 25, short: 13, signal: 7)8
p = ppo(close)9
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when ribbon.up and crosses_above(t.tsi, t.signal) and p.histogram > 0:11
notify "Trend Ribbon up with TSI and PPO momentum on {market.symbol}"What this script says
Ribbon and TSI agreement is an alert that checks every 15 minutes and fires at most once per bar.
It uses the indicator "Trend Ribbon" (version 3) as ribbon, with fast set to 8 and slow set to 21.
It calculates t as the true strength index (source the close, long 25, short 13, signal 7) and p as the percentage price oscillator (source the close).
When ribbon.up and t.tsi crosses above t.signal and p.histogram is above 0, it sends the notification "Trend Ribbon up with TSI and PPO momentum on {market.symbol}".
This description may be incomplete because the script has errors.