APIBridge CM_RSI_EMA

Nov 28, 2022

Strategy Premise
A moving average can be a very effective indicator. Many traders use exponential moving averages, an effective type of moving average indicator, to trade in a variety of markets.

We use an exponential moving average strategy, or EMA strategy, to identify the predominant trend in the market. It can also provide the support and resistance level to execute your trade.


Strategy Logic
Long Entry: When RSI Cross Over EMA RSI, Send LE

Long Exit: When it hit SL or Target. If SL/TGT is not hit and SE

Short Entry: When RSI Cross Under EMA RSI, Send SE

Short Exit: When we hit SL or Target. If SL/TGT is not hit and LX

RSI Strategy Parameters for TradingView Charts

1.Rsi Length(Mandatory): This is the number of bars we use to calculate rsi Ex: We use 20 previous candles to calculate rsi.

2.EMA of RSI Length:This is the number of RSI values we use to calculate ema of rsi.Ex We use 10 previous candles to calculate ema of rsi

3.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time

4.Alert_Message : Need to copy while creating alert into Message Box

5.Trade Setup : Intraday / Positional (Selecct accordingly)

6.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1

7.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply

8.Use Second Session : Check this to use second intraday session

9.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2

10.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply

11.Use Target : check if you want to set required target if not cheque will not applicable

12.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable

13.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable

14.Point Or Percentage For TG SL : Use Points or Percentage as per your choice

15.Target : Set as per the selection of (Point Or Percentage For TG SL)

16.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)

17.TSL_Type : Select as per your logic in %/ATR/Points

18.TSL_Input : Set in case you select %/Points in TSL_Type

19.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type

20.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type

21.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )

22.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )

23.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )

24.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )

25.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )

26.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )

27.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )

28.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM

29.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )

30.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only

31.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100

32.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet

The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity