// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © yashp1334 //@version=4 strategy(title="CM_RSI_EMA", shorttitle="CM_RSI_EMA_", overlay=false) src = close, len = input(20, minval=1, title="RSI Length") len2 = input(10, minval=1, title="EMA of RSI Length") up = rma(max(change(src), 0), len) down = rma(-min(change(src), 0), len) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) emaRSI = ema(rsi,len2) buySignal = crossover(rsi,emaRSI) sellSignal = crossunder(rsi,emaRSI) plot(rsi, title="RSI", linewidth=3, color=color.silver) plot(emaRSI, title="EMA of RSI", linewidth=2, color=color.red) //time conditions //INTRADAY s=input(title="INTRA DAY TRADE SESSION",type=input.session,defval="0915-1450") st=time(timeframe.period,s) e=input(title="END SESSION",type=input.session,defval="1515-1520") et=time(timeframe.period,e) symbol=syminfo.ticker //trading custom quantities quant=input(title="Trade Quantity",defval=1) lxse="TYPE: LX" + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) + " :TYPE:SE " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) sxle="TYPE: SX" + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) + " :TYPE:LE " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) le="TYPE:LE " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) lx="TYPE:LX " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) se="TYPE:SE " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) sx="TYPE:SX " + " :SYMBOL: " + syminfo.ticker + " :QTY: " + tostring(quant) if(buySignal and st and strategy.position_size==0) strategy.entry("BUY",strategy.long,comment=le) if(sellSignal and st and strategy.position_size==0) strategy.entry("SELL",strategy.short,comment=se) if(buySignal and st and strategy.position_size!=0) strategy.entry("BUY",strategy.long,comment=sxle) if(sellSignal and st and strategy.position_size!=0) strategy.entry("SELL",strategy.short,comment=lxse) //adding stoploss and target option ut=input(defval=false,title="USE TARGET") us=input(defval=false,title="USE STOPLOSS") tar=input(defval=10.0,title="TARGET IN RS") stop=input(defval=7.0,title="STOP LOSS IN RS") tar:=tar/syminfo.mintick stop:=stop/syminfo.mintick if(ut==true and us==false) strategy.exit(id="LX",from_entry="BUY",profit=tar,comment=lx) strategy.exit(id="SX",from_entry="SELL",profit=tar,comment=sx) if(us==true and ut==false) strategy.exit(id="LX",from_entry="BUY",loss=stop,comment=lx) strategy.exit(id="SX",from_entry="SELL",loss=stop,comment=sx) if(ut==true and us==true) strategy.exit(id="LX",from_entry="BUY",profit=tar,loss=stop,comment=lx) strategy.exit(id="SX",from_entry="SELL",profit=tar,loss=stop,comment=sx) strategy.close(id="BUY",when=et,comment=lx) strategy.close(id="SELL",when=et,comment=sx)