OPEN-SOURCE SCRIPT
A EMA- und RSI-Hetzenauer Trendfollow Strategy. tm
The Ema&Rsi Hetzenauer Trendfollower is a trend-following indicator that combines three key elements to help traders identify profitable Trend moves.It uses the 200 EMA to confirm the overall trend direction, the 50 EMA for spotting pullbacks,and the RSI above 50 for confirming momentum and enter on a better Position.
How it Works:
* 200 EMA: Confirms the overall trend (bullish or bearish).
*50 EMA: identifies pullbacks in the direction of the trend, creating ideal entry points.
*RSI: Filters out weak signals by confirming momentum (RSI above 50 for buying, below for selling).
How it Works:
* 200 EMA: Confirms the overall trend (bullish or bearish).
*50 EMA: identifies pullbacks in the direction of the trend, creating ideal entry points.
*RSI: Filters out weak signals by confirming momentum (RSI above 50 for buying, below for selling).
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.