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alorse

Tendency EMA + RSI [Alorse]

alorse  
Exponential Moving Average (EMA) 3ema exponentialmovingaverages strategy scalping intraday
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ema 3ema exponentialmovingaverages strategy scalping intraday
A very simple and highly effective strategy LONG & SHORT that combines only 2 indicators:
  • RSI
  • 3 Moving Average Exponential (EMA)


LONG Entry conditions are:
  • EMA 20 cross over EMA 10
  • EMA 10 is above EMA 100

LONG Exit conditions are:
  • RSI greater than 70
  • Or when X number of candles have passed and the trade is in profit. (Check Settings)

SHORT Entry conditions are:
  • EMA 20 cross under EMA 10
  • EMA 10 is below EMA 100

SHORT Exit conditions are:
  • RSI is less than 30
  • Or when X number of candles have passed and the trade is in profit. (Check Settings)


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.

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