Moving Averages (MA): The script uses two simple moving averages (SMA) — a shorter one (default length of 9) and a longer one (default length of 21). The strategy is based on the crossover of these MAs.
RSI (Relative Strength Index): An RSI indicator is used to check if the asset is overbought or oversold, adding another layer of confirmation for buy or sell signals.
Buy Signal: A buy signal is generated when the shorter MA crosses above the longer MA, and the RSI is below the oversold level (30).
Sell Signal: A sell signal is triggered when the shorter MA crosses below the longer MA, and the RSI is above the overbought level (70).
How to Use:
Copy and paste the script into the Pine Script editor in TradingView.
Adjust the input parameters as needed based on backtesting results or personal preferences.
Add the indicator to your chart and analyze its performance.
Important Note:
Backtest the strategy with historical data to check its performance and make necessary adjustments.
No indicator can guarantee 90% accuracy consistently. It is crucial to use risk management techniques and combine this indicator with other market analysis tools.
Would you like to add any specific features or customize this strategy further?