OPEN-SOURCE SCRIPT

RSI-EMA-Crossing with Donchian-Stop-Loss

1 387
The Donchian RSI Indicator is a visual tool that combines momentum and trend analysis to identify high-quality long opportunities based on RSI crossovers, price action, and Donchian channel dynamics.

How It Works

  • Momentum Signal: A bullish RSI crossover is detected when the RSI crosses above its moving average.
  • Trend Filter: A signal is only valid if the crossover occurs while the price is above its moving average – filtering out entries against the prevailing trend.
  • Signal Candle: The high of the crossover candle is stored.
  • Entry Trigger: A valid signal occurs when a later candle closes above that signal high.


Stop-Loss (Visual Only)

The lower band of the Donchian Channel acts as a visual reference for a dynamic stop-loss level.

Features

  • Customizable RSI, Donchian Channel, and moving average lengths
  • Selectable MA types: SMA, EMA, WMA, VWMA, HMA
  • Signal candle highlighted (yellow background)
  • Entry points labeled on the chart
  • Price MA and Donchian Channel plotted
  • Trend filter improves signal quality by confirming upward bias


Use Case
Designed for swing and position traders
Optimized for use on daily or 4H charts

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.