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GurselKona

Trend Follow with 8/34 EMA and Stoch RSI for 1 Hour SPX

GurselKona  
Stochastic RSI (STOCH RSI) Exponential Moving Average (EMA) S&P 500 (SPX500) trendtrading
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stochasticrsi ema spx500 trendtrading
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The script determines and plots entry points for 1 hour S&P index using 8/34 emas and stochastic RSI. When 8 ema above/below 34 ema up/down crosses of stochastic RSI are considered as long/short entries. Entry prices should be above/below high/low of the signal bars accordingly. Ichimoku cloud can be used as extra filtering.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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