OPEN-SOURCE SCRIPT
Undercover Strategy5
Undercover Strategy5
This indicator is based on EMA crossover and RSI confirmation.
Sell Signal:
- 8 EMA crosses below 200 EMA
- RSI below 50
Buy Signal:
- After bullish crossover, price retests 200 EMA
- RSI stays between 50–60
- Price bounces upward
Best used on 15-minute timeframe.
Created by Undercover.
This indicator is based on EMA crossover and RSI confirmation.
Sell Signal:
- 8 EMA crosses below 200 EMA
- RSI below 50
Buy Signal:
- After bullish crossover, price retests 200 EMA
- RSI stays between 50–60
- Price bounces upward
Best used on 15-minute timeframe.
Created by Undercover.
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.