OPEN-SOURCE SCRIPT
EMA 50/200 Pullback + RSI (BTC/USDT 15m - 2 Bar Logic)
I recognize that combining indicators requires clear justification on how the components interact Therefore the new scripts description will explicitly detail the strategys operational logic
Objective The strategy is a Trend Following Pullback System designed for high frequency time frames 15m
Synergy The EMA50 EMA200 defines the primary Trend Direction Trend Filter It then utilizes a 2 Bar Pullback Logic to find an entry point where the price has momentarily reversed against the trendline and the RSI 14 serves as a Momentum Filter RSI greater than 50 for Long RSI less than 50 for Short to minimize false signals
Objective The strategy is a Trend Following Pullback System designed for high frequency time frames 15m
Synergy The EMA50 EMA200 defines the primary Trend Direction Trend Filter It then utilizes a 2 Bar Pullback Logic to find an entry point where the price has momentarily reversed against the trendline and the RSI 14 serves as a Momentum Filter RSI greater than 50 for Long RSI less than 50 for Short to minimize false signals
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.