Get started
kunal047

RSI SMA

kunal047 Updated   
Oscillators Volatility
62
1
oscillator volatility
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 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.

Want to use this script on a chart?