tanner314

14/28 Day SMA Divergence and RSI - No Repaint

If you are interested in purchasing my algorithmic trading bot that receives Tradingview indicator alerts via email and then executes them in Bittrex, please visit my product page here: https://ilikestocks.com/products/trading... Additionally, I would love to create video/blog guides on creating Tradingview scripts or strategies. If you are a knowledgeable in finance or other related fields and would like to be featured on my page, please contact me at tanner@ilikestocks.com.

No crossovers were used in this script, and this is likely the reason for the no repaint(Correct me if wrong).

This strategy script uses a 14-day SMA signal line, a 28-day SMA and RSI . The strategy works by determining whether the (14-day SMA is above the 28-day SMA and the RSI levels are overbought(below 30)) or RSI is very overbought(below 13 or so). Once either of these conditions have been met, a long position is opened.

The initial long position must be partially closed by the take profit first and then the final close is executed if the 14-day signal SMA is below the 28-day SMA ; you may also exclusively use take profit to close positions.

The green plotted spikes are the initial long position conditions. The orange plotted spikes are take profit signals once a long position is opened. The red plotted spikes are plotted when the SMA 14-day is below the 28-day SMA .

Please do leave constructive criticism or comments below because it helps me better create scripts!
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.

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