New script

Dec 18, 2022

Bitcoin buy and sell

// RSI and EMA strategy for Bitcoin on Bitfinex with buy and sell signals

// Constants
// RSI period
rsi_period = 14
// EMA periods
ema_fast_period = 10
ema_slow_period = 20

// Indicators
rsi = rsi(close, rsi_period)
ema_fast = ema(close, ema_fast_period)
ema_slow = ema(close, ema_slow_period)

// Trading logic
if (rsi > 70)
strategy.entry("Long", strategy.long)
strategy.entry("Buy", strategy.long)
else if (rsi < 30)
strategy.entry("Short", strategy.short)
strategy.entry("Sell", strategy.short)

if (ema_fast > ema_slow)
strategy.exit("Exit long", "Long")
strategy.close("Buy")
else if (ema_fast < ema_slow)
strategy.exit("Exit short", "Short")
strategy.close("Sell")