{"id":14,"date":"2024-07-12T02:22:00","date_gmt":"2024-07-12T02:22:00","guid":{"rendered":""},"modified":"2025-06-21T15:30:04","modified_gmt":"2025-06-21T15:30:04","slug":"new-pine-script-published-ema-rsi","status":"publish","type":"post","link":"https:\/\/kriptos.my\/index.php\/2024\/07\/12\/new-pine-script-published-ema-rsi\/","title":{"rendered":"New Pine Script Published: EMA RSI Momentum Strategy"},"content":{"rendered":"<div class=\"separator\" style=\"clear: both; text-align: center;\"><a href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjH1dtB26OoBayxXntBuUqB5EDN8UYBSyXn8e95r-HsovJMXYGyUCU4rNlAktRoZNe1xxUF65rzYwTmKC3D9L53FWdtgJjRdy8dWrnvLdUgbERHsxpqlePL2TOPwrRvIFPU8m5WO13w5iBjgHITur1GSXynGfY3ItfFnuefxGuwXTmHamICxnrE7jm7MmaH\/s1024\/EMA%20RSI%20momentum.jpg\" style=\"margin-left: 1em; margin-right: 1em;\"><img fetchpriority=\"high\" decoding=\"async\" border=\"0\" data-original-height=\"1024\" data-original-width=\"1024\" height=\"320\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjH1dtB26OoBayxXntBuUqB5EDN8UYBSyXn8e95r-HsovJMXYGyUCU4rNlAktRoZNe1xxUF65rzYwTmKC3D9L53FWdtgJjRdy8dWrnvLdUgbERHsxpqlePL2TOPwrRvIFPU8m5WO13w5iBjgHITur1GSXynGfY3ItfFnuefxGuwXTmHamICxnrE7jm7MmaH\/s320\/EMA%20RSI%20momentum.jpg\" width=\"320\" \/><\/a><\/div>\n<p><\/p>\n<p>&nbsp;This is a momentum strategy that strikes while its hot and exits before the momentum ended. It is actually quite by using only 2 indicators which Exponential Moving Average (EMA) and Relative Strength Index (RSI).&nbsp;<\/p>\n<p><\/p>\n<p>Strategy Technical Description: It place Buy order when price crosses up EMA line and RSI is above BUY threshold. It exits when the RSI reaches SELL threshold.<\/p>\n<p><\/p>\n<p><b><u>Recommended setting:<\/u><\/b><\/p>\n<p>Pair: RNDR (Binance)<\/p>\n<p>Timeframe: 5 minutes<\/p>\n<p>Order Size: 100% equity<\/p>\n<p>Pyramiding: 1 order<\/p>\n<p>Commission: 0.1 %<\/p>\n<p><\/p>\n<div style=\"background-color: #131722; color: white; font-family: Menlo, &quot;Ubuntu Mono&quot;, Consolas, source-code-pro, monospace, Consolas, &quot;Courier New&quot;, monospace; font-size: 13px; line-height: 18px; white-space: pre;\">\n<div><span style=\"color: #787b86;\">\/\/<\/span><span style=\"color: #787b86; font-weight: bold;\">@version=<\/span><span style=\"color: #787b86;\">5<\/span><\/div>\n<div><span style=\"color: #5b9cf6;\">strategy<\/span>(<span style=\"color: #388e3c;\">&#8220;EMA RSI Momentum Strategy TF5min [capayam.com]&#8221;<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">overlay<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">false<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">initial_capital<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #f57f17;\">10<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">default_qty_type<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">strategy.percent_of_equity<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">default_qty_value<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f57f17;\">100<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">commission_type<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">strategy.commission.percent<\/span> <span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">commission_value<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f57f17;\">0.1<\/span>)<\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/Desc: Buys when price crosses above long EMA line and above RSI Buy threshold. Exits when RSI above Sell threshold.<\/span><\/div>\n<div><span style=\"color: #787b86;\">\/\/Recomended pair: RNDRUSDT TF5min (Binance)<\/span><\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/ Adjustable Inputs<\/span><\/div>\n<div><span style=\"color: #d1d4dc;\">emaLength<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">input.int<\/span>(<span style=\"color: #f57f17;\">450<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;EMA Length&#8221;<\/span>)<\/div>\n<div><span style=\"color: #d1d4dc;\">rsiLength<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">input.int<\/span>(<span style=\"color: #f57f17;\">14<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;RSI Length&#8221;<\/span>)<\/div>\n<div><span style=\"color: #d1d4dc;\">rsiOverboughtLevel<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">input.int<\/span>(<span style=\"color: #f57f17;\">80<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;RSI Sell Threshold&#8221;<\/span>)<\/div>\n<div><span style=\"color: #d1d4dc;\">rsiOversoldLevel<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">input.int<\/span>(<span style=\"color: #f57f17;\">67<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;RSI Buy Threshold&#8221;<\/span>)<\/div>\n<div><span style=\"color: #787b86;\">\/\/ Define the EMAs<\/span><\/div>\n<div><span style=\"color: #d1d4dc;\">ema<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">ta.ema<\/span>(<span style=\"color: #f77c80;\">close<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">emaLength<\/span>)<\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/ Define the RSI<\/span><\/div>\n<div><span style=\"color: #d1d4dc;\">rsi<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">ta.rsi<\/span>(<span style=\"color: #f77c80;\">close<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">rsiLength<\/span>)<\/div>\n<div><span style=\"color: #787b86;\">\/\/ Buy Condition: Price crosses above Long EMA and RSI buy Threshold<\/span><\/div>\n<div><span style=\"color: #d1d4dc;\">buyCondition<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #5b9cf6;\">ta.crossover<\/span>(<span style=\"color: #f77c80;\">close<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">ema<\/span>) <span style=\"color: #42bda8;\">and<\/span> <span style=\"color: #d1d4dc;\">rsi<\/span> <span style=\"color: #42bda8;\">&gt;<\/span> <span style=\"color: #d1d4dc;\">rsiOversoldLevel<\/span><\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/ Exit Condition<\/span><\/div>\n<div><span style=\"color: #d1d4dc;\">exitCondition<\/span> <span style=\"color: #42bda8;\">=<\/span> <span style=\"color: #d1d4dc;\">rsi<\/span> <span style=\"color: #42bda8;\">&gt;<\/span> <span style=\"color: #d1d4dc;\">rsiOverboughtLevel<\/span><\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/ Plot the EMAs<\/span><\/div>\n<div><span style=\"color: #5b9cf6;\">plot<\/span>(<span style=\"color: #d1d4dc;\">ema<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">color<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">color.green<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;EMA Long&#8221;<\/span>)<\/div>\n<div><span style=\"color: #787b86;\">\/\/ Plot the RSI<\/span><\/div>\n<div><span style=\"color: #5b9cf6;\">hline<\/span>(<span style=\"color: #d1d4dc;\">rsiOverboughtLevel<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #388e3c;\">&#8220;Overbought&#8221;<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">color<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">color.red<\/span>)<\/div>\n<div><span style=\"color: #5b9cf6;\">hline<\/span>(<span style=\"color: #d1d4dc;\">rsiOversoldLevel<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #388e3c;\">&#8220;Oversold&#8221;<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">color<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">color.green<\/span>)<\/div>\n<div><span style=\"color: #5b9cf6;\">plot<\/span>(<span style=\"color: #d1d4dc;\">rsi<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">title<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #388e3c;\">&#8220;RSI&#8221;<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #d1d4dc;\">color<\/span><span style=\"color: #42bda8;\">=<\/span><span style=\"color: #f77c80;\">color.purple<\/span>)<\/div>\n<p><\/p>\n<div><span style=\"color: #787b86;\">\/\/ Strategy entry and exit<\/span><\/div>\n<div><span style=\"color: #42bda8;\">if<\/span> (<span style=\"color: #d1d4dc;\">buyCondition<\/span>)<\/div>\n<div>&nbsp; &nbsp; <span style=\"color: #5b9cf6;\">strategy.entry<\/span>(<span style=\"color: #388e3c;\">&#8220;Buy&#8221;<\/span><span style=\"color: #42bda8;\">,<\/span> <span style=\"color: #f77c80;\">strategy.long<\/span>)<\/div>\n<p><\/p>\n<div><span style=\"color: #42bda8;\">if<\/span> (<span style=\"color: #d1d4dc;\">exitCondition<\/span>)<\/div>\n<div>&nbsp; &nbsp; <span style=\"color: #5b9cf6;\">strategy.close<\/span>(<span style=\"color: #388e3c;\">&#8220;Buy&#8221;<\/span>)<\/div>\n<\/div>\n<p><\/p>\n<p>Please share your recomended setting in the comment section \ud83d\ude42<\/p>\n<p><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;This is a momentum strategy that strikes while its hot and exits before the momentum ended. It is actually quite by using only 2 indicators which Exponential Moving Average (EMA)<\/p>\n<p><a href=\"https:\/\/kriptos.my\/index.php\/2024\/07\/12\/new-pine-script-published-ema-rsi\/\" class=\"btn btn-skin btn-radius\">Continue Reading<span class=\"screen-reader-text\">New Pine Script Published: EMA RSI Momentum Strategy<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3],"class_list":["post-14","post","type-post","status-publish","format-standard","hentry","category-pine-script-strategy","tag-pine-script-strategy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Pine Script Published: EMA RSI Momentum Strategy - kriptos.my<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kriptos.my\/index.php\/2024\/07\/12\/new-pine-script-published-ema-rsi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Pine Script Published: EMA RSI Momentum Strategy - kriptos.my\" \/>\n<meta property=\"og:description\" content=\"&nbsp;This is a momentum strategy that strikes while its hot and exits before the momentum ended. 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