OPEN-SOURCE SCRIPT
EMA Crossover with RSI Divergence
How It Works:
The 21 EMA crosses over the 55 EMA (bullish signal).
The 21 EMA crosses under the 55 EMA (bearish signal).
RSI Divergence is checked:
Bullish divergence occurs when price forms a higher low, but RSI forms a lower low.
Bearish divergence occurs when price forms a lower high, but RSI forms a higher high.
When both conditions match, a Buy (green arrow) or Sell (red arrow) signal is generated.
Would you like any modifications, such as alerts or additional filters? 🚀
The 21 EMA crosses over the 55 EMA (bullish signal).
The 21 EMA crosses under the 55 EMA (bearish signal).
RSI Divergence is checked:
Bullish divergence occurs when price forms a higher low, but RSI forms a lower low.
Bearish divergence occurs when price forms a lower high, but RSI forms a higher high.
When both conditions match, a Buy (green arrow) or Sell (red arrow) signal is generated.
Would you like any modifications, such as alerts or additional filters? 🚀
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.