OPEN-SOURCE SCRIPT
Intraday Strategy with Alerts
Key Features of the Script
Indicators Used:
EMA (Exponential Moving Average): Fast and slow EMAs detect trend changes.
RSI (Relative Strength Index): Confirms overbought/oversold conditions to refine entries.
Conditions for Buy/Sell Signals:
Buy: Fast EMA crosses above Slow EMA + RSI is below the oversold level.
Sell: Fast EMA crosses below Slow EMA + RSI is above the overbought level.
Plotting Signals:
Green arrows indicate buy signals.
Red arrows indicate sell signals.
Alerts:
Alerts are triggered when buy or sell conditions are met.
Indicators Used:
EMA (Exponential Moving Average): Fast and slow EMAs detect trend changes.
RSI (Relative Strength Index): Confirms overbought/oversold conditions to refine entries.
Conditions for Buy/Sell Signals:
Buy: Fast EMA crosses above Slow EMA + RSI is below the oversold level.
Sell: Fast EMA crosses below Slow EMA + RSI is above the overbought level.
Plotting Signals:
Green arrows indicate buy signals.
Red arrows indicate sell signals.
Alerts:
Alerts are triggered when buy or sell conditions are met.
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.
Want to use this script 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.