OPEN-SOURCE SCRIPT
BTC/USD Moving Average Crossover Strategy
//version=5
indicator("BTC/USD Moving Average Crossover Strategy", overlay=true)
// Input parameters for Moving Averages and RSI
lengthEMA1 = input.int(9, title="Short EMA")
lengthEMA2 = input.int(21, title="Long EMA")
rsiLength = input.int(14, title="RSI Length")
takeProfit = input.float(2.5, title="Take Profit %")
stopLoss = input.float(1.0, title="Stop Loss %")
// EMA Calculations
emaShort = ta.ema(close, lengthEMA1)
emaLong = ta.ema(close, lengthEMA2)
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// Entry Conditions
buySignal = ta.crossover(emaShort, emaLong) and rsi > 50
sellSignal = ta.crossunder(emaShort, emaLong) or rsi < 50
// Track position entry price
var float entryPrice = na
// Buy and sell logic
if (buySignal)
entryPrice := close
// Set stop-loss and take-profit levels
takeProfitLevel = entryPrice * (1 + takeProfit / 100)
stopLossLevel = entryPrice * (1 - stopLoss / 100)
exitCondition = close >= takeProfitLevel or close <= stopLossLevel or sellSignal
// Exit trade
if (exitCondition)
entryPrice := na // Reset entry price
// Plot Buy and Sell signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Plotting EMA lines for reference
plot(emaShort, title="9 EMA", color=color.blue)
plot(emaLong, title="21 EMA", color=color.orange)
indicator("BTC/USD Moving Average Crossover Strategy", overlay=true)
// Input parameters for Moving Averages and RSI
lengthEMA1 = input.int(9, title="Short EMA")
lengthEMA2 = input.int(21, title="Long EMA")
rsiLength = input.int(14, title="RSI Length")
takeProfit = input.float(2.5, title="Take Profit %")
stopLoss = input.float(1.0, title="Stop Loss %")
// EMA Calculations
emaShort = ta.ema(close, lengthEMA1)
emaLong = ta.ema(close, lengthEMA2)
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// Entry Conditions
buySignal = ta.crossover(emaShort, emaLong) and rsi > 50
sellSignal = ta.crossunder(emaShort, emaLong) or rsi < 50
// Track position entry price
var float entryPrice = na
// Buy and sell logic
if (buySignal)
entryPrice := close
// Set stop-loss and take-profit levels
takeProfitLevel = entryPrice * (1 + takeProfit / 100)
stopLossLevel = entryPrice * (1 - stopLoss / 100)
exitCondition = close >= takeProfitLevel or close <= stopLossLevel or sellSignal
// Exit trade
if (exitCondition)
entryPrice := na // Reset entry price
// Plot Buy and Sell signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Plotting EMA lines for reference
plot(emaShort, title="9 EMA", color=color.blue)
plot(emaLong, title="21 EMA", color=color.orange)
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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