OPEN-SOURCE SCRIPT
EMA + RSI Bullish Reversal with Target and Stop Loss
EMA + RSI Bullish Reversal with Target and Stop Loss
EMA Condition: 9 EMA is above the 21 EMA (indicating an uptrend).
RSI Condition: RSI is below 30 (indicating an oversold condition).
Entry Condition: When RSI crosses above 30, confirming a bullish reversal in an uptrend (9 EMA > 21 EMA), take a long position.
Target: Close the position when the price moves up by 0.5% from the entry.
EMA Condition: 9 EMA is above the 21 EMA (indicating an uptrend).
RSI Condition: RSI is below 30 (indicating an oversold condition).
Entry Condition: When RSI crosses above 30, confirming a bullish reversal in an uptrend (9 EMA > 21 EMA), take a long position.
Target: Close the position when the price moves up by 0.5% from the entry.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.