Hello, TradingView traders!
I'm sharing a simple Pine Script for cautious DCA (Dollar-Cost Averaging) entries.
This script helps accumulate only on weakness — no buying blindly. (Use only on high volatility altcoins!)
🔍 Strategy logic:
• RSI < 40 → market is oversold
• Price below EMA 21 → short-term trend is down
• Price below SMA 200 → long-term trend is weak
Only when ALL three conditions are met, the script triggers a BUY alert.
✅ How to use:
1. Add the script to your chart
2. Create an alert: choose “Cautious DCA Buy Signal”
3. You’ll get notified when the market dips into a DCA zone
Pine Script®
🔔 This script reduces noise and waits patiently for real dips.
Useful for long-term investors who want to buy with discipline.
Let me know how it works for your strategy!
#DCA #LongTerm
I'm sharing a simple Pine Script for cautious DCA (Dollar-Cost Averaging) entries.
This script helps accumulate only on weakness — no buying blindly. (Use only on high volatility altcoins!)
🔍 Strategy logic:
• RSI < 40 → market is oversold
• Price below EMA 21 → short-term trend is down
• Price below SMA 200 → long-term trend is weak
Only when ALL three conditions are met, the script triggers a BUY alert.
✅ How to use:
1. Add the script to your chart
2. Create an alert: choose “Cautious DCA Buy Signal”
3. You’ll get notified when the market dips into a DCA zone
//@version=6
indicator("Cautious DCA on Dips", overlay=true)
rsi = ta.rsi(close, 14)
sma = ta.sma(close, 200)
ema = ta.ema(close, 21)
buySignal = rsi < 40 and close < sma and close < ema
plotshape(buySignal, title="Buy Signal", location=location.belowbar, style=shape.labelup, size=size.normal, color=color.green, text="Buy", textcolor=color.white)
plot(sma, title="SMA 200", color=color.orange)
plot(ema, title="EMA 21", color=color.blue)
alertcondition(buySignal, title="Buy Alert", message="DCA Buy Signal: RSI is low and price is below EMA and SMA")
🔔 This script reduces noise and waits patiently for real dips.
Useful for long-term investors who want to buy with discipline.
Let me know how it works for your strategy!
#DCA #LongTerm
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.
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.