IME-Bands with RSI Strategy

//version=5
strategy("IME-Bands with RSI Strategy", overlay=true)

// === INPUTS ===
src = close
emaS_value = input.int(50, minval=1, title="EMA Small - Value") // 50 EMA
emaB_value = input.int(100, minval=1, title="EMA Big - Value") // 100 EMA
rsi_length = input.int(14, title="RSI Length")
rsi_source = input.source(close, title="RSI Source")
rsi_overbought = input.int(70, title="RSI Overbought Level")
rsi_oversold = input.int(30, title="RSI Oversold Level")

// === CALCULATIONS ===
// EMAs
emaS = ta.ema(close, emaS_value)
emaB = ta.ema(close, emaB_value)

// RSI
rsi = ta.rsi(rsi_source, rsi_length)

// IME-Band Cross Conditions
isGreenCrossover = emaS > emaB // Green band
isRedCrossover = emaS < emaB // Red band

// Track Green Cross Confirmation
var bool isGreenConfirmed = false
if (isGreenCrossover and not isGreenCrossover[1]) // First green crossover
isGreenConfirmed := true

if (not isGreenCrossover)
isGreenConfirmed := false

// Entry Condition: RSI above 70 on second green candle
entryCondition = isGreenConfirmed and rsi > rsi_overbought and isGreenCrossover

// Exit Condition: Red band confirmed
exitCondition = isRedCrossover

// === STRATEGY RULES ===
// Stop Loss: Lowest point of crossover
var float stopLoss = na
if (isGreenCrossover and not isGreenCrossover[1])
stopLoss := emaB // Set stop loss to EMA Big (crossover point)

// Entry and Exit Trades
if (entryCondition)
strategy.entry("Buy", strategy.long)
stopLoss := na // Reset stop loss after entry

if (exitCondition)
strategy.close("Buy")

// Stop Loss logic
if (strategy.position_size > 0 and not na(stopLoss))
strategy.exit("Stop Loss", from_entry="Buy", stop=stopLoss)

// Plotting
plot(emaS, color=color.green, title="EMA Small (50)", linewidth=1)
plot(emaB, color=color.red, title="EMA Big (100)", linewidth=1)
hline(rsi_overbought, "RSI Overbought", color=color.new(color.red, 70), linestyle=hline.style_dotted)
plot(rsi, color=color.blue, title="RSI")