OPEN-SOURCE SCRIPT

HMA 9/50 Crossover + RSI 50 Filter

1 451
1. The Core Indicators
  • HMA 9 (Fast): Acts as the primary trigger line. Its unique calculation minimizes lag compared to standard moving averages, allowing for faster entries.
  • HMA 50 (Slow): Defines the medium-term trend direction and acts as the "anchor" for crossover signals.
  • RSI 14: Serves as a "momentum gate." Instead of traditional overbought/oversold levels, we use the 50 midline to confirm that the directional strength supports the crossover.

2. Entry Conditions
  • Long Entry: Triggered when the HMA 9 crosses above the HMA 50 AND the RSI is greater than 50.
  • Short Entry: Triggered when the HMA 9 crosses below the HMA 50 AND the RSI is less than 50.

3. Execution & Reversal
This strategy is currently configured as an Always-in-the-Market system.
A "Long" position is automatically closed when a "Short" signal is triggered.
To prevent "pyramiding" (buying multiple positions in one direction), the script checks the current position_size before opening new entries.

How to Use
Timeframe: Optimized for 3-minute (3m) candles but can be tuned for 1m to 15m scalping.
Settings: Use the Inputs panel to adjust HMA lengths based on the volatility of your specific asset (e.g., shorter for stable stocks, longer for volatile crypto).

Visuals:
  • Aqua Line: HMA 9
  • Orange Line: HMA 50
  • Green Background: Bullish RSI Momentum (> 50)
  • Red Background: Bearish RSI Momentum (< 50)

Risk Disclosure
Whipsaws: This strategy is likely to underperform in sideways markets.
Backtesting: Past performance does not guarantee future results. Always test this strategy in the Strategy Tester with appropriate commission and slippage settings before live use.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.