OPEN-SOURCE SCRIPT
MACD + BB + RSI Strategy [Alorse]
A very simple and highly effective strategy that combines 3 famous indicators:
Entry conditions are:
Exit conditions are:
Or when the price hits the Stop Loss defined by you (Feature).
- MACD
- Bollinger Bands
- RSI
Entry conditions are:
- The MACD line crosses over the signal line.
- RSI less than 50
- Price below the BB baseline
Exit conditions are:
- RSI greater than 70
- Closing price higher than the upper BB
Or when the price hits the Stop Loss defined by you (Feature).
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.