OPEN-SOURCE SCRIPT

14/28 Day SMA Divergence and RSI - No Repaint

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No crossovers were used in this script, and this is likely the reason for the no repaint(Correct me if wrong).

This strategy script uses a 14-day SMA signal line, a 28-day SMA and RSI. The strategy works by determining whether the (14-day SMA is above the 28-day SMA and the RSI levels are overbought(below 30)) or RSI is very overbought(below 13 or so). Once either of these conditions have been met, a long position is opened.

The initial long position must be partially closed by the take profit first and then the final close is executed if the 14-day signal SMA is below the 28-day SMA; you may also exclusively use take profit to close positions.

The green plotted spikes are the initial long position conditions. The orange plotted spikes are take profit signals once a long position is opened. The red plotted spikes are plotted when the SMA 14-day is below the 28-day SMA.

Please do leave constructive criticism or comments below because it helps me better create scripts!
algorithmicbotFREEnoRelative Strength Index (RSI)repaintSimple Moving Average (SMA)smasystemtrading

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Bu komut dosyasını bir grafikte kullanmak ister misiniz?

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