OPEN-SOURCE SCRIPT
Updated Simple_longshort_signals
Long Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow
Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow
Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
Release Notes
- Indicator inputsFastMA, SlowMA, rsiMAInterval, rsiInterval, rsiMiddleLineLong, rsiMiddleLineShort
- alerts for GoLong and GoShort
- exit indicator changed to a star
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.