OPEN-SOURCE SCRIPT
Buy Side Strategy with MA and RSI
Buy Entry Condition:
Price crosses above the 20 EMA.
RSI is greater than 50 (indicating a bullish trend).
If both conditions are met, a Buy signal (▲) is triggered.
Exit Condition:
Price crosses below the 20 EMA.
If the exit condition is met, an Exit Buy signal (✖) is triggered.
Moving Averages:
20 EMA is plotted in blue.
50 EMA is plotted in orange.
RSI:
RSI is plotted in the main window.
A dotted line is drawn at RSI = 50 to help visualize trend strength.
Price crosses above the 20 EMA.
RSI is greater than 50 (indicating a bullish trend).
If both conditions are met, a Buy signal (▲) is triggered.
Exit Condition:
Price crosses below the 20 EMA.
If the exit condition is met, an Exit Buy signal (✖) is triggered.
Moving Averages:
20 EMA is plotted in blue.
50 EMA is plotted in orange.
RSI:
RSI is plotted in the main window.
A dotted line is drawn at RSI = 50 to help visualize trend strength.
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.