OPEN-SOURCE SCRIPT
Money Machine
💰 Money Machine Trading Strategy
An advanced TradingView Pine Script strategy that combines RSI, MACD, and trend analysis with visual buy/sell zones for optimal trade entries and exits.
🎯 Strategy Overview
The Money Machine follows a strict set of rules to ensure high-probability trades:
Entry Rules
✅ BUY (Long) Conditions:
1. MACD line crosses ABOVE signal line (bullish crossover)
2. Overall trend is bullish (price above EMAs)
3. RSI is below 70 (not overbought)
✅ SELL (Short) Conditions:
1. MACD line crosses BELOW signal line (bearish crossover)
2. Overall trend is bearish (price below EMAs)
3. RSI is above 30 (not oversold)
Exit Rules
🚪 Exit Long:MACD line crosses below signal line
🚪 Exit Short:MACD line crosses above signal line
An advanced TradingView Pine Script strategy that combines RSI, MACD, and trend analysis with visual buy/sell zones for optimal trade entries and exits.
🎯 Strategy Overview
The Money Machine follows a strict set of rules to ensure high-probability trades:
Entry Rules
✅ BUY (Long) Conditions:
1. MACD line crosses ABOVE signal line (bullish crossover)
2. Overall trend is bullish (price above EMAs)
3. RSI is below 70 (not overbought)
✅ SELL (Short) Conditions:
1. MACD line crosses BELOW signal line (bearish crossover)
2. Overall trend is bearish (price below EMAs)
3. RSI is above 30 (not oversold)
Exit Rules
🚪 Exit Long:MACD line crosses below signal line
🚪 Exit Short:MACD line crosses above signal line
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.