OPEN-SOURCE SCRIPT
BORSI Strategy
EMA: The strategy uses a 50-period EMA to determine the trend direction.
Buy Condition: The price must be above the EMA (indicating an uptrend).
Sell Condition: The price must be below the EMA (indicating a downtrend).
RSI: The RSI is used to identify overbought and oversold conditions:
Buy Condition: The RSI crosses above the oversold level (30) when the price is above the EMA.
Sell Condition: The RSI crosses below the overbought level (70) when the price is below the EMA.
Buy Condition: The price must be above the EMA (indicating an uptrend).
Sell Condition: The price must be below the EMA (indicating a downtrend).
RSI: The RSI is used to identify overbought and oversold conditions:
Buy Condition: The RSI crosses above the oversold level (30) when the price is above the EMA.
Sell Condition: The RSI crosses below the overbought level (70) when the price is below the EMA.
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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