OPEN-SOURCE SCRIPT
BTC Trend - EMA Crossover + RSI
This strategy follows a classic trend-trading method using a combination of exponential moving averages (EMAs) and RSI momentum filtering.
Entry Logic
Long Entry:
Fast EMA crosses above Slow EMA
RSI(14) > 50 (bullish momentum confirmation)
Short Entry:
Fast EMA crosses below Slow EMA
RSI(14) < 50 (bearish momentum confirmation)
Exit Logic
Long positions close if:
Fast EMA crosses back below Slow EMA, or
RSI drops below 45
Short positions close if:
Fast EMA crosses back above Slow EMA, or
RSI rises above 55
Purpose
This script is designed for educational use to demonstrate:
Trend-following logic
Multi-indicator IF/THEN decision rules
How to construct a complete algorithmic trading strategy in Pine Script
Backtested on BTCUSD, 10-second timeframe, producing 763 trades in the selected date range.
Entry Logic
Long Entry:
Fast EMA crosses above Slow EMA
RSI(14) > 50 (bullish momentum confirmation)
Short Entry:
Fast EMA crosses below Slow EMA
RSI(14) < 50 (bearish momentum confirmation)
Exit Logic
Long positions close if:
Fast EMA crosses back below Slow EMA, or
RSI drops below 45
Short positions close if:
Fast EMA crosses back above Slow EMA, or
RSI rises above 55
Purpose
This script is designed for educational use to demonstrate:
Trend-following logic
Multi-indicator IF/THEN decision rules
How to construct a complete algorithmic trading strategy in Pine Script
Backtested on BTCUSD, 10-second timeframe, producing 763 trades in the selected date range.
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.