OPEN-SOURCE SCRIPT
EMA + RSI Momentum Strategy
EMA + RSI Momentum Strategy with Multi-Take Profit and SL Tracking
Overview
This strategy combines two popular technical indicators – Exponential Moving Averages (EMA) and Relative Strength Index (RSI) – to identify momentum-based trading opportunities. The strategy incorporates multiple take profit (TP) levels and a fixed stop loss (SL), making it ideal for traders looking for clear entry, exit, and risk management rules.
Indicators Used
1. Exponential Moving Averages (EMA):
• Fast EMA (default 20): Represents short-term market trends.
• Slow EMA (default 50): Represents long-term market trends.
• EMA Crossovers confirm the trend direction.
2. Relative Strength Index (RSI):
• RSI Thresholds:
• Above 70: Overbought conditions signal potential sell trades.
• Below 30: Oversold conditions signal potential buy trades.
• A trade signal is generated only when RSI closes above or below these levels.
Trade Rules
Buy Signal (Long Trade):
• RSI Condition: RSI crosses above 70 (overbought level).
• EMA Condition: Fast EMA (20) is above the Slow EMA (
Overview
This strategy combines two popular technical indicators – Exponential Moving Averages (EMA) and Relative Strength Index (RSI) – to identify momentum-based trading opportunities. The strategy incorporates multiple take profit (TP) levels and a fixed stop loss (SL), making it ideal for traders looking for clear entry, exit, and risk management rules.
Indicators Used
1. Exponential Moving Averages (EMA):
• Fast EMA (default 20): Represents short-term market trends.
• Slow EMA (default 50): Represents long-term market trends.
• EMA Crossovers confirm the trend direction.
2. Relative Strength Index (RSI):
• RSI Thresholds:
• Above 70: Overbought conditions signal potential sell trades.
• Below 30: Oversold conditions signal potential buy trades.
• A trade signal is generated only when RSI closes above or below these levels.
Trade Rules
Buy Signal (Long Trade):
• RSI Condition: RSI crosses above 70 (overbought level).
• EMA Condition: Fast EMA (20) is above the Slow EMA (
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.