HMA + RSI / Owl of Profit

HMA + RSI Strategy

This strategy combines the Hull Moving Average (HMA) and the Relative Strength Index (RSI) to identify potential trade opportunities based on trend direction and momentum.

Features:
HMA Calculation:

Length: 50 (default).
HMA is plotted as a blue line on the price chart to indicate trend direction.
RSI Calculation:

Length: 14 (default).
Overbought Level: 70.
Oversold Level: 30.
RSI is plotted in purple with horizontal lines for overbought and oversold levels.
Entry and Exit Logic:
Long Condition:

Triggered when the price is above HMA, and RSI crosses above the oversold level (30).
Short Condition:

Triggered when the price is below HMA, and RSI crosses below the overbought level (70).
Exit Logic:

Long positions exit when RSI crosses below the overbought level or when the price drops below HMA.
Short positions exit when RSI crosses above the oversold level or when the price rises above HMA.
Customization Options:
Adjust HMA and RSI lengths, as well as RSI levels for overbought and oversold conditions, to suit different market conditions.

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Happy trading!