RSI & SMA Strategy By Deniz by Deniz_Turan

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Introduction
It has always been a major challenge to detect the current market price in technical analysis . There are some basic but strong indicators that help us to estimate the next market action. Relative Strength Index and Simple Moving Average indicators were used in this strategy.

This strategy aims to detect the next market action with different calculations & usages of RSI and SMA indicators.

Strategy Features
As per the result of the calculation from RSI and SMA outputs the strategy will decide to go "Long" or "Short" if the directions are changed from long to short the trade will be closed and it's opening new trade as per to the new direction.

Apart from basic "take profit" and "stop" options there is an additional closing trade option named "Long/Short Bar Count". If the trade could not reach the target in a certain period, it will look for a quit with a 0 loss.

Advantages

Informative alarm messages.
High ratio of Profitable trade numbers.

Disadvantages

Less trade count.

Release Notes:

Changing default from "Long" to "Long & Short".

Invite-only script

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Disclaimer

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Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

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