PROTECTED SOURCE SCRIPT

Trend Following with Mean Reversion (Indicator with Alerts)

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This script implements a combined trend-following and mean-reversion strategy for educational and analytical purposes. It uses a configurable Exponential Moving Average (EMA) to determine market trend direction, and the Relative Strength Index (RSI) to identify potential entry conditions aligned with oversold or overbought states.

Key features include customizable take profit and stop loss levels for both long and short trades, as well as flexible filters for trading hours and days of the week. These restrictions help users explore strategy behavior under various market conditions and timeframes.

The strategy does not make any claims regarding profitability, win rates, or future performance. It is intended to support informed experimentation, backtesting, and learning within the TradingView platform.

Always conduct your own research and consult a financial advisor before making trading decisions.

Message me if you would like code only to improve it and re-share.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.