OPEN-SOURCE SCRIPT
RSI < 25 + Price Below 200 SMA (4H) - Text Signal
Price below 200MA on 4hr chart
RSI is below 25 ovsersold
Start buying small positions at every signal
Eventually price will capture the 200MA on 4hr
This will work great for NVDA, AAPL, MSFT, NFLX, PANW, AMZN, PLTR, CRWD and META.
Good for swing trading based on price action, RSI oversold and reversal
Add more on the Pin bar candles on 4hr time frame once the price is oversold.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.