OPEN-SOURCE SCRIPT
EMA RSI Cross
The EMA RSI Cross (ERC) indicator combines exponential moving average (EMA) crossovers with relative strength index (RSI) momentum signals to highlight potential bullish and bearish trading opportunities.
It works in two layers:
EMA Cross Layer: Tracks short‑term vs. mid‑term trend shifts using EMA(5) crossing above/below EMA(20), while also displaying EMA(50) and EMA(200) for longer‑term structure.
RSI Confirmation Layer: Confirms momentum by requiring RSI(14) to cross its moving average (SMA 14) within a recent lookback window.
Only when both conditions align, and the price confirms the setup in relation to EMA20, a signal is generated:
Bullish Signal (green triangle): EMA5 crosses above EMA20 + RSI crosses up + close above EMA20
Bearish Signal (red triangle): EMA5 crosses below EMA20 + RSI crosses down + close below EMA20
Features
How to Use
Add the script to your chart, select your preferred signal timeframe.
Look for green arrows as bullish entry confirmation and red arrows for bearish setups.
Use additional filters (trend direction, support/resistance, volume) to refine trades.
Avoid relying on signals in sideways/choppy markets where EMA and RSI may give false triggers.
It works in two layers:
EMA Cross Layer: Tracks short‑term vs. mid‑term trend shifts using EMA(5) crossing above/below EMA(20), while also displaying EMA(50) and EMA(200) for longer‑term structure.
RSI Confirmation Layer: Confirms momentum by requiring RSI(14) to cross its moving average (SMA 14) within a recent lookback window.
Only when both conditions align, and the price confirms the setup in relation to EMA20, a signal is generated:
Bullish Signal (green triangle): EMA5 crosses above EMA20 + RSI crosses up + close above EMA20
Bearish Signal (red triangle): EMA5 crosses below EMA20 + RSI crosses down + close below EMA20
Features
- Customizable timeframe input for multi‑timeframe analysis
- Adjustable lookback period for RSI confirmation
- Clear charting with EMA overlays and arrow signals when confirmed setups occur
- RSI panel with dynamic background and overbought/oversold visualization
How to Use
Add the script to your chart, select your preferred signal timeframe.
Look for green arrows as bullish entry confirmation and red arrows for bearish setups.
Use additional filters (trend direction, support/resistance, volume) to refine trades.
Avoid relying on signals in sideways/choppy markets where EMA and RSI may give false triggers.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。