alorse

MACD + BB + RSI Strategy [Alorse]

A very simple and highly effective strategy that combines 3 famous indicators:

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).
Skrip open-source

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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