OPEN-SOURCE SCRIPT

MACD_RSI strategy

Use three indicator to entry a position
EMA (20), MACD (12, 26, 20), RSI (14)
apply ema20 on rsi as signal line

Entry long when
price above EMA20, MACD above signal line and RSI above signal line

Entry short when
price below EMA20, MACD below signal line and RSI below signal line


Study only, use it under your own risk.
Exponential Moving Average (EMA)Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)

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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