OPEN-SOURCE SCRIPT
EMA 9 a 21 + Stochastic RSI / Owl of Profit
EMA 9/21 + Stoch RSI Strategy
This strategy combines Exponential Moving Averages (EMA) with Stochastic RSI to identify high-probability trading opportunities by analyzing both trend direction and overbought/oversold conditions.
Features:
Exponential Moving Averages (EMA):
Tracks short-term (9-period) and mid-term (21-period) trends.
Crossover signals are used to determine bullish and bearish trends.
Stochastic RSI:
Identifies overbought and oversold market conditions.
Adds a layer of confirmation to EMA crossovers, improving signal quality.
Entry and Exit Conditions:
Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover) and Stochastic RSI is below the oversold threshold (default: 20).
Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover) and Stochastic RSI is above the overbought threshold (default: 80).
Positions are closed when the opposite signal occurs.
Customization Options:
Adjust EMA and Stochastic RSI lengths to suit your trading preferences.
Modify overbought and oversold levels for different market conditions.
Visualization:
Plots EMA 9 and EMA 21 directly on the price chart for trend analysis.
Displays Stochastic RSI in a separate panel for clear visualization of overbought/oversold zones.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
This strategy combines Exponential Moving Averages (EMA) with Stochastic RSI to identify high-probability trading opportunities by analyzing both trend direction and overbought/oversold conditions.
Features:
Exponential Moving Averages (EMA):
Tracks short-term (9-period) and mid-term (21-period) trends.
Crossover signals are used to determine bullish and bearish trends.
Stochastic RSI:
Identifies overbought and oversold market conditions.
Adds a layer of confirmation to EMA crossovers, improving signal quality.
Entry and Exit Conditions:
Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover) and Stochastic RSI is below the oversold threshold (default: 20).
Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover) and Stochastic RSI is above the overbought threshold (default: 80).
Positions are closed when the opposite signal occurs.
Customization Options:
Adjust EMA and Stochastic RSI lengths to suit your trading preferences.
Modify overbought and oversold levels for different market conditions.
Visualization:
Plots EMA 9 and EMA 21 directly on the price chart for trend analysis.
Displays Stochastic RSI in a separate panel for clear visualization of overbought/oversold zones.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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