- Square
- EMA 21,55,200
EMA 21,55,200
Author:
Zer3192, Date: 2022-08-27 21:54:51
Tags:
/*backtest
start: 2021-08-20 00:00:00
end: 2022-08-26 00:00:00
period: 1d
basePeriod: 1h
*/
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © BrendanW98
//@version=4
strategy("EMA 21,55,200", overlay=true)
ema5 = ema(close, 21)
ema20 = ema(close, 55)
ema50 = ema(close, 200)
//RSI Signals
// Get user input
rsiSource = close
rsiLength = 14
rsiOverbought = 70
rsiOversold = 30
rsiMid = 50
// Get RSI value
rsiValue = rsi(rsiSource, rsiLength)
//See if RSI crosses 50
doBuy = crossover(rsiValue, rsiOversold) and rsiValue < 50
doSell = crossunder(rsiValue, rsiOverbought) and rsiValue > 50
emacrossover = crossover(ema5, ema20) and ema5 > ema50 and ema20 > ema50 and close > ema50
emacrossunder = crossunder(ema5, ema20) and ema5 < ema50 and ema20 < ema50 and close < ema50
//Entry and Exit
longCondition = emacrossover
closelongCondition = doSell
strategy.entry("Long", strategy.long, 100, when=longCondition)
strategy.close("Long", when=closelongCondition)
shortCondition = emacrossunder
closeshortCondition = doBuy
strategy.entry("Short", strategy.short, 100, when=shortCondition)
strategy.close("Short", when=closeshortCondition)
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