In This Strategy we have Use RSI, Stochastic and EMA. In this strategy Long Condition is EMA :- ema8 > ema13 and ema13 > ema21 and ema21 > ema34 and ema34 > ema55 RSI < 70 and RSI > 40 Stochastic < 80 And Short Condition is EMA:- ema8 < ema13 and ema13 < ema21 and ema21 < ema34 and ema34 < ema55 RSI > 30 and RSI < 60 Stochastic > 20
Strategy Logic
Long Entry: When ema8 > ema13 and ema13 > ema21 and ema21 > ema34 and ema34 > ema55, RSI < 70 and RSI > 40 , Stochastic < 80 Send LE
Long Exit: When ema13 < ema55, RSI > 70, Stochastic > 95 Send LX
Short Entry: When ema8 < ema13 and ema13 < ema21 and ema21 < ema34 and ema34 < ema55, RSI > 30 and RSI < 60, Stochastic > 20 Send SE
Short Exit: When ema13 > ema55, RSI < 30, Stochastic < 5 Send SX
Combined Strategy Parameters for TradingView Charts
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.