RSI Divergence X Ichimoku Cloud X 200EMA

٢٨ مايو ٢٠٢٠

Hi all,

This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA .

A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry.

Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry.

I find that this script works best on Intraday charts.

This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!