OPEN-SOURCE SCRIPT
EMA Offset Strategy with RSI
This strategy combines the power of exponential moving averages (EMA) and the Relative Strength Index (RSI) to identify potential buy and sell signals in the market.
Ideal Use Cases:
Suitable for trending markets to ride momentum while filtering out false signals with RSI confirmation.
Can be used for swing trading or intraday trading on various timeframes.
Customizations:
Users can adjust the EMA period, offset period, and RSI period from the settings to fit their preferred trading style and market conditions.
Visualization:
EMA (Blue): Traditional moving average line.
Offset EMA (Red): Predictive forward offset line.
Buy/Sell Signals: Clearly marked on the chart for actionable insights.
Ideal Use Cases:
Suitable for trending markets to ride momentum while filtering out false signals with RSI confirmation.
Can be used for swing trading or intraday trading on various timeframes.
Customizations:
Users can adjust the EMA period, offset period, and RSI period from the settings to fit their preferred trading style and market conditions.
Visualization:
EMA (Blue): Traditional moving average line.
Offset EMA (Red): Predictive forward offset line.
Buy/Sell Signals: Clearly marked on the chart for actionable insights.
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.
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.
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.