OPEN-SOURCE SCRIPT
Trend + RSI Strategy (Refined)
Trend + RSI Strategy (Refined)
This script implements a structured trend-following strategy using EMA direction and RSI confirmation.
Core logic:
• Trend direction defined by fast and slow EMA alignment
• RSI used as confirmation filter
• Entries only when both conditions align
Enhancements:
• Cleaner entry and exit structure
• ATR-based stop loss and target levels
• Improved consistency and reduced signal noise
• Defined risk per trade
This is a refined version of a simple concept:
trend + confirmation + structured execution.
This script implements a structured trend-following strategy using EMA direction and RSI confirmation.
Core logic:
• Trend direction defined by fast and slow EMA alignment
• RSI used as confirmation filter
• Entries only when both conditions align
Enhancements:
• Cleaner entry and exit structure
• ATR-based stop loss and target levels
• Improved consistency and reduced signal noise
• Defined risk per trade
This is a refined version of a simple concept:
trend + confirmation + structured execution.
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.