1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
59 lines of Pine Script v5 from RSIEMAs_for_Bootsie_Strategy.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Dashed guide levels are set at 85, 70, 50, 20 and 10 and can be changed. A lookback period setting is also provided for pivots. The RSI source, the EMA source and each length are adjustable. It displays momentum context only and has no entries, exits or alerts.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Length
int
500
rsiLengthInput
Source for RSI
source
close
rsiSourceInput
Source for EMAs
source
hlcc4
maSourceInput
EMA1
int
1
maLengthInput1
EMA2
int
2
maLengthInput2
EMA3
int
3
maLengthInput3
EMA4
int
4
maLengthInput4
EMA5
int
5
maLengthInput5
Lookback Period
int
150
lookbackLength
h_line_color
color
color.new(color.white, 70)
h_line_color
Level-1
int
85
hLine1
Level-2
int
70
hLine2
Show all 15 settings
Setting
Type
Default
Variable
Level-3
int
50
hLine3
Level-4
int
20
hLine4
Level-5
int
10
hLine5
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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