OPEN-SOURCE SCRIPT
Scalping Strategy with MACD, EMA, and RSI
1.EMA Calculation: The script calculates two EMAs (short and long) to identify the trend direction.
2.MACD Calculation: The script calculates the MACD line and signal line to identify momentum changes.
3.RSI Calculation: The script calculates the RSI to identify overbought and oversold conditions.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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