kokosro

Simple_longshort_signals

kokosro Updated   
Long Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow

Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond

Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow

Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
Release Notes:
- Indicator inputs
FastMA, SlowMA, rsiMAInterval, rsiInterval, rsiMiddleLineLong, rsiMiddleLineShort

- alerts for GoLong and GoShort

- exit indicator changed to a star
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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