OPEN-SOURCE SCRIPT
Momentum Based Trading Strategy
Basic Momentum Based Trading Strategy: This script implements a momentum-based trading strategy using RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). It generates buy signals when the market shows oversold conditions and bullish momentum, and sell signals when the market shows overbought conditions and bearish momentum. Visual markers indicate entry and exit points on the chart for easy identification.
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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