OPEN-SOURCE SCRIPT
MACD + BB + RSI Strategy [Alorse]
A very simple and highly effective strategy that combines 3 famous indicators:
Entry conditions are:
Exit conditions are:
Or when the price hits the Stop Loss defined by you (Feature).
- MACD
- Bollinger Bands
- RSI
Entry conditions are:
- The MACD line crosses over the signal line.
- RSI less than 50
- Price below the BB baseline
Exit conditions are:
- RSI greater than 70
- Closing price higher than the upper BB
Or when the price hits the Stop Loss defined by you (Feature).
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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