PROTECTED SOURCE SCRIPT
RSI EMA WMA - Long Short Signal
Description: The MTF RSI Strategic Momentum is a sophisticated technical analysis tool designed to capture high-probability reversals and trend continuations by aligning short-term momentum with long-term structure.
Unlike standard RSI indicators, this script utilizes a Multi-Timeframe (MTF) engine to filter out noise. It ensures that every Buy/Sell signal on your current chart (e.g., M15) is supported by the momentum of a higher timeframe (e.g., 1H).
Key Features:
Dual-Smoothing Layer: Combines EMA-9 and WMA-45 on the RSI line to identify both immediate momentum shifts and broader trend directions.
MTF Trend Filter: Built-in logic that checks the 1H RSI direction in real-time, preventing you from "trading against the tide."
Precision Entry Logic: Signals are only generated when RSI crosses its EMA within specific "Golden Zones" (30-75 for Buys), ensuring you don't enter at overextended levels.
Visual Clarity: Customizable bands and color-coded zones for better market psychology visualization.
How to use:
Buy Signal (Green Arrow): RSI crosses above EMA-9, stays within healthy levels, and the 1H trend is bullish.
Sell Signal (Red Arrow): RSI crosses below EMA-9 while the 1H trend is bearish.
Unlike standard RSI indicators, this script utilizes a Multi-Timeframe (MTF) engine to filter out noise. It ensures that every Buy/Sell signal on your current chart (e.g., M15) is supported by the momentum of a higher timeframe (e.g., 1H).
Key Features:
Dual-Smoothing Layer: Combines EMA-9 and WMA-45 on the RSI line to identify both immediate momentum shifts and broader trend directions.
MTF Trend Filter: Built-in logic that checks the 1H RSI direction in real-time, preventing you from "trading against the tide."
Precision Entry Logic: Signals are only generated when RSI crosses its EMA within specific "Golden Zones" (30-75 for Buys), ensuring you don't enter at overextended levels.
Visual Clarity: Customizable bands and color-coded zones for better market psychology visualization.
How to use:
Buy Signal (Green Arrow): RSI crosses above EMA-9, stays within healthy levels, and the 1H trend is bullish.
Sell Signal (Red Arrow): RSI crosses below EMA-9 while the 1H trend is bearish.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.