OPEN-SOURCE SCRIPT
EMA Ribbon + Smoothed RSI Trend Strategy
EMA Ribbon Trend Filter + Smoothed RSI Entry Strategy
BEST IS 1/1RR
Overview
This strategy combines a moving-average trend filter with a smoothed RSI trigger to time entries in the direction of an established trend, with stop-loss levels placed at real market structure rather than a fixed distance.
How it works
1. Trend Filter (Ribbon)
An EMA(10) and EMA(20) are plotted on the chart. The strategy only considers trades when EMA(10) is above EMA(20) — treated here as confirmation of underlying bullish structure. Two additional SMAs (20/50) are plotted alongside for visual context but aren't part of the trade logic.
2. Entry Trigger — Smoothed RSI
Rather than using raw RSI, this script smooths RSI(21) with a 50-period SMA. That smoothed line is the actual decision value:
Crosses above 51 → long signal
Crosses below 49 → short signal
Smoothing the RSI this way filters out a lot of the noise a raw RSI produces, at the cost of some lag.
3. Structure-Based Stop Loss
Instead of a fixed pip/point stop, SL is placed at the nearest swing low (for longs) or swing high (for shorts) over a configurable lookback window, plus a small buffer. Take-profit is set as a configurable risk:reward multiple of that stop distance.
4. Trade Visualization
Every trade taken draws two boxes on the chart: a green "profit zone" from entry to TP, and a red "risk zone" from entry to SL. These extend in real time while the trade is open, so you can see the live risk/reward geometry of each position at a glance.
5. Non-Repainting
Signals only evaluate on confirmed, closed bars (barstate.isconfirmed), so what you see in the backtest is what would have fired in real time — no mid-bar flip-flopping.
Inputs
EMA/SMA ribbon lengths (default 10/20/20/50)
RSI length and smoothing length (default 21 / 50)
Buy/sell trigger levels (default 51 / 49)
Cross-only trigger toggle
Swing lookback, SL buffer, minimum SL distance
Risk:reward ratio 1/1 IS BEST
Box colors and visibility toggle
Optional date range filter for backtesting
Alerts
Built-in alertcondition() calls for both long and short signals, ready to connect to a webhook or notification service if you want to act on signals outside of TradingView.
⚠️ Disclaimer: This script is provided for educational and informational purposes only. Past performance shown in backtests does not guarantee future results. Backtest results can be affected by commission/slippage assumptions and do not account for real-world execution factors such as liquidity and order rejection. This is not financial advice — use proper risk management and test thoroughly before trading with real capital.
BEST IS 1/1RR
Overview
This strategy combines a moving-average trend filter with a smoothed RSI trigger to time entries in the direction of an established trend, with stop-loss levels placed at real market structure rather than a fixed distance.
How it works
1. Trend Filter (Ribbon)
An EMA(10) and EMA(20) are plotted on the chart. The strategy only considers trades when EMA(10) is above EMA(20) — treated here as confirmation of underlying bullish structure. Two additional SMAs (20/50) are plotted alongside for visual context but aren't part of the trade logic.
2. Entry Trigger — Smoothed RSI
Rather than using raw RSI, this script smooths RSI(21) with a 50-period SMA. That smoothed line is the actual decision value:
Crosses above 51 → long signal
Crosses below 49 → short signal
Smoothing the RSI this way filters out a lot of the noise a raw RSI produces, at the cost of some lag.
3. Structure-Based Stop Loss
Instead of a fixed pip/point stop, SL is placed at the nearest swing low (for longs) or swing high (for shorts) over a configurable lookback window, plus a small buffer. Take-profit is set as a configurable risk:reward multiple of that stop distance.
4. Trade Visualization
Every trade taken draws two boxes on the chart: a green "profit zone" from entry to TP, and a red "risk zone" from entry to SL. These extend in real time while the trade is open, so you can see the live risk/reward geometry of each position at a glance.
5. Non-Repainting
Signals only evaluate on confirmed, closed bars (barstate.isconfirmed), so what you see in the backtest is what would have fired in real time — no mid-bar flip-flopping.
Inputs
EMA/SMA ribbon lengths (default 10/20/20/50)
RSI length and smoothing length (default 21 / 50)
Buy/sell trigger levels (default 51 / 49)
Cross-only trigger toggle
Swing lookback, SL buffer, minimum SL distance
Risk:reward ratio 1/1 IS BEST
Box colors and visibility toggle
Optional date range filter for backtesting
Alerts
Built-in alertcondition() calls for both long and short signals, ready to connect to a webhook or notification service if you want to act on signals outside of TradingView.
⚠️ Disclaimer: This script is provided for educational and informational purposes only. Past performance shown in backtests does not guarantee future results. Backtest results can be affected by commission/slippage assumptions and do not account for real-world execution factors such as liquidity and order rejection. This is not financial advice — use proper risk management and test thoroughly before trading with real capital.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.