OPEN-SOURCE SCRIPT
EMA Crossover with RSI Divergence
How It Works:
The 21 EMA crosses over the 55 EMA (bullish signal).
The 21 EMA crosses under the 55 EMA (bearish signal).
RSI Divergence is checked:
Bullish divergence occurs when price forms a higher low, but RSI forms a lower low.
Bearish divergence occurs when price forms a lower high, but RSI forms a higher high.
When both conditions match, a Buy (green arrow) or Sell (red arrow) signal is generated.
Would you like any modifications, such as alerts or additional filters? 🚀
The 21 EMA crosses over the 55 EMA (bullish signal).
The 21 EMA crosses under the 55 EMA (bearish signal).
RSI Divergence is checked:
Bullish divergence occurs when price forms a higher low, but RSI forms a lower low.
Bearish divergence occurs when price forms a lower high, but RSI forms a higher high.
When both conditions match, a Buy (green arrow) or Sell (red arrow) signal is generated.
Would you like any modifications, such as alerts or additional filters? 🚀
Script de código aberto
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.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
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.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.