RSI EMA Crossover with Price Action

The RSI and RSI's EMA Crossover with Price Action (1:2 Risk-Reward) strategy combines Momentum, Trend confirmation, and Basic price-action logic to generate high-probability trade setups with Proper Risk Management.

This script identifies entries when the RSI crosses a key threshold and aligns with an RSI - EMA crossover, confirming Exhaustion of a current trend and Price action confirms the Change in Trend direction. It integrates price action filters to avoid false signals during low-volatility or choppy conditions.

The strategy also includes a risk-management module, setting a fixed 1:2 risk-to-reward ratio — automatically placing a take-profit target twice the size of the stop loss. Also the Stop loss can be adjusted to nearest swing low or last 3 candles Low. to avoid Stoploss hunt.

Features

✅ RSI and EMA crossover confirmation for directional bias

✅ Basic price-action validation (optional filters)

✅ Configurable stop-loss and take-profit levels (default 1:2)

✅ Visual trade markers for entries and exits

Disclaimer: This script is intended for educational and research purposes only. It should not be considered financial advice or a guaranteed trading system. Users are encouraged to test and optimize parameters before using in live markets.