OPEN-SOURCE SCRIPT
My script 1
EMA Crossover: This EA uses a short-term (9-period) and long-term (21-period) EMA crossover to identify potential trends.
RSI Filter: Like in the Pine Script version, the RSI helps identify overbought or oversold conditions, buying when the RSI is below the oversold level (30) and selling when it is above the overbought level (70).
Supertrend: A custom Supertrend indicator is calculated based on ATR (Average True Range) to confirm the trend direction. This helps to avoid false signals by confirming whether the market is in an uptrend or downtrend.
ROC: The Rate of Change (ROC) is used to confirm momentum in the direction of the trade.
RSI Filter: Like in the Pine Script version, the RSI helps identify overbought or oversold conditions, buying when the RSI is below the oversold level (30) and selling when it is above the overbought level (70).
Supertrend: A custom Supertrend indicator is calculated based on ATR (Average True Range) to confirm the trend direction. This helps to avoid false signals by confirming whether the market is in an uptrend or downtrend.
ROC: The Rate of Change (ROC) is used to confirm momentum in the direction of the trade.
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.
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