OPEN-SOURCE SCRIPT
RSI and EMA 50/200 Strategy
Explanation:
RSI: Calculated with a period of 14 by default.
EMA 50 and EMA 200: The short-term and long-term EMAs are calculated.
Signal logic: Buy (1) when RSI is between 30-70 and EMA50 is above EMA200. Sell (-1) when RSI is below 30 and EMA50 is below EMA200.
You can backtest this strategy using this data and observe the signals plotted on the chart.
RSI: Calculated with a period of 14 by default.
EMA 50 and EMA 200: The short-term and long-term EMAs are calculated.
Signal logic: Buy (1) when RSI is between 30-70 and EMA50 is above EMA200. Sell (-1) when RSI is below 30 and EMA50 is below EMA200.
You can backtest this strategy using this data and observe the signals plotted on the chart.
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.