OPEN-SOURCE SCRIPT
Updated RSI SMA
RSI SMA
Release Notes
RSI SMA is a trend-following system to give entry and exit points for short-term strategy.Method
Buy Side
When the price closes above the 20 SMA high and RSI is greater than 60. The stop loss can be taken as the 20 SMA low.
Sell Side
When the price closes below the 20 SMA low and RSI is less than 40. The stop loss can be taken as the 20 SMA high.
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.
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.
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.