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alorse

MACD + BB + RSI Strategy [Alorse]

alorse  
Moving Average Convergence / Divergence (MACD) Bollinger Bands (BB) Relative Strength Index (RSI) LONG Bullish Patterns strategy effective
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macd bollingerbands relativestrengthindex long bullish strategy effective
A very simple and highly effective strategy that combines 3 famous indicators:
  • MACD
  • Bollinger Bands
  • RSI

Entry conditions are:
  • The MACD line crosses over the signal line.
  • RSI less than 50
  • Price below the BB baseline

Exit conditions are:
  • RSI greater than 70
  • Closing price higher than the upper BB
Or when the price hits the Stop Loss defined by you (Feature).
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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