RSI & SMA Strategy By Deniz

Introduction
It has always been a major challenge to detect the current market price in technical analysis . There are some basic but strong indicators that help us to estimate the next market action. Relative Strength Index and Simple Moving Average indicators were used in this strategy.

This strategy aims to detect the next market action with different calculations & usages of RSI and SMA indicators.

Strategy Features
As per the result of the calculation from RSI and SMA outputs the strategy will decide to go "Long" or "Short" if the directions are changed from long to short the trade will be closed and it's opening new trade as per to the new direction.

Apart from basic "take profit" and "stop" options there is an additional closing trade option named "Long/Short Bar Count". If the trade could not reach the target in a certain period, it will look for a quit with a 0 loss.

Advantages

Informative alarm messages.
High ratio of Profitable trade numbers.

Disadvantages

Less trade count.

Release Notes

Changing default from "Long" to "Long & Short".

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Deniz_Turan directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Please send me a message if you want to access to the strategy.

Warning: please read our guide for invite-only scripts before requesting access.

Deniz_Turan

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.