OPEN-SOURCE SCRIPT
MOKI V1
The "MOKI V1" script is a trading strategy on the TradingView platform that uses a combination of two key indicators to identify buy and sell signals:
EMA200 (Exponential Moving Average 200): Used to determine the overall market trend. This line helps ensure that trades are made in the direction of the primary market trend.
RSI (Relative Strength Index): Used to measure the strength or weakness of a trend. In this strategy, a reading above 50 for the RSI indicates stronger buy signals.
Engulfing Pattern: This candlestick pattern occurs when a green (bullish) candle completely engulfs the previous red (bearish) candle. It is used as a buy signal when combined with the other indicators.
EMA200 (Exponential Moving Average 200): Used to determine the overall market trend. This line helps ensure that trades are made in the direction of the primary market trend.
RSI (Relative Strength Index): Used to measure the strength or weakness of a trend. In this strategy, a reading above 50 for the RSI indicates stronger buy signals.
Engulfing Pattern: This candlestick pattern occurs when a green (bullish) candle completely engulfs the previous red (bearish) candle. It is used as a buy signal when combined with the other indicators.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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