Combined Algo Strategy for TradingView

Strategy Premise

In This Strategy we have Use RSI, Stochastic and EMA. In this strategy Long Condition is EMA :- ema8 > ema13 and ema13 > ema21 and ema21 > ema34 and ema34 > ema55 RSI < 70 and RSI > 40 Stochastic < 80 And Short Condition is EMA:- ema8 < ema13 and ema13 < ema21 and ema21 < ema34 and ema34 < ema55 RSI > 30 and RSI < 60 Stochastic > 20

Strategy Logic

Long Entry: When ema8 > ema13 and ema13 > ema21 and ema21 > ema34 and ema34 > ema55, RSI < 70 and RSI > 40 , Stochastic < 80 Send LE

Long Exit: When ema13 < ema55, RSI > 70, Stochastic > 95 Send LX

Short Entry: When ema8 < ema13 and ema13 < ema21 and ema21 < ema34 and ema34 < ema55, RSI > 30 and RSI < 60, Stochastic > 20 Send SE

Short Exit: When ema13 > ema55, RSI < 30, Stochastic < 5 Send SX

Combined Strategy Parameters for TradingView Charts

Intraday Trade Session: Entry Trade Will be Taken only in this session.

EXIT Session: Trades will be squared off in this timeframe

Quantity: This is used to specify the trade quantity

Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit

Custom Target in Points: Movement in chart price against the momentum which will trigger exit

TradingView Settings

1: Download The Pine Script Algo here

2: Open desired Chart in trading View with normal Candlestick, Select desired timeframe of the chart, Go to the pine editor section, remove the default code, paste the downloaded code, save the file and to chart

3: Once Strategy is applied to the chart, click on settings to optimize parameters for your own trading.

Setting Up Alert

Before setting up an alert, make sure of few things.

(1) You have selected the desired script, timeframe, and strategy settings.

(2) API bridge is configured and running.

Once you have made sure, click on settings. Then add alert and paste {{strategy.order.comment}} in the message box.

Important: do not change any settings during live trading.

NOTE: The pinescript works both with webhook alerts (TV Pro plan) and normal popup alerts (TV free plan).