OPEN-SOURCE SCRIPT
Precision Entry Signals (RSI + MA12 Logic)
Description:
This script provides precise entry signals based on a clean confluence of MA12 breakouts and RSI momentum, filtered by a VWMA (Volume-Weighted Moving Average) of the RSI.
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🔹 Long entry conditions:
- Candle opens below the 12-period MA and closes above it
- RSI crosses above its VWMA
- Previous candle is bearish (additional confirmation)
🔹 Short entry conditions:
- Candle opens above the 12-period MA and closes below it
- RSI crosses below its VWMA
- Previous candle is bullish
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Once a signal is confirmed, the script automatically draws:
Entry line (at close price)
Stop Loss line (just below recent lows for long, or above highs for short)
Take Profit 1 (1R)
Take Profit 2 (2R)
Labels are attached to the lines for clarity: ENTRY, SL, TP1, and TP2.
⚠️ Note: This tool only provides entry signals and visual risk/reward guidance. It does not manage exits dynamically. Manual trade management is recommended.
This script is intended for active intraday traders, especially on lower timeframes like 3-minute, 5-minute or 15-minute charts.
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🔧 Recommended companion indicator:
For better confirmation and visual tracking of the RSI/VWMA cross logic, it is strongly recommended to also use the companion script:
🔹 Relative Strength Index (with MA based cross signals)
→ Shows RSI and its moving average visually, with triangle plots on every valid cross.
→ Matches exactly the RSI/VWMA behavior used in this entry signal script.
📌 Important:
After adding the RSI script to your chart, make sure to set:
RSI Length = 14
MA Type = VWMA
MA Length = 20
This ensures it visually matches the logic used by the entry signal script.
Both indicators are fully open source and meant to be used together — especially when trading manually.https://www.tradingview.com/x/mqmFjPAN/
This script provides precise entry signals based on a clean confluence of MA12 breakouts and RSI momentum, filtered by a VWMA (Volume-Weighted Moving Average) of the RSI.
-----------------------------------------------------------------------------------------------------------------
🔹 Long entry conditions:
- Candle opens below the 12-period MA and closes above it
- RSI crosses above its VWMA
- Previous candle is bearish (additional confirmation)
🔹 Short entry conditions:
- Candle opens above the 12-period MA and closes below it
- RSI crosses below its VWMA
- Previous candle is bullish
----------------------------------------------------------------------------------------------------------------
Once a signal is confirmed, the script automatically draws:
Entry line (at close price)
Stop Loss line (just below recent lows for long, or above highs for short)
Take Profit 1 (1R)
Take Profit 2 (2R)
Labels are attached to the lines for clarity: ENTRY, SL, TP1, and TP2.
⚠️ Note: This tool only provides entry signals and visual risk/reward guidance. It does not manage exits dynamically. Manual trade management is recommended.
This script is intended for active intraday traders, especially on lower timeframes like 3-minute, 5-minute or 15-minute charts.
---------------------------------------------------------------------------------------------------------------
🔧 Recommended companion indicator:
For better confirmation and visual tracking of the RSI/VWMA cross logic, it is strongly recommended to also use the companion script:
🔹 Relative Strength Index (with MA based cross signals)
→ Shows RSI and its moving average visually, with triangle plots on every valid cross.
→ Matches exactly the RSI/VWMA behavior used in this entry signal script.
📌 Important:
After adding the RSI script to your chart, make sure to set:
RSI Length = 14
MA Type = VWMA
MA Length = 20
This ensures it visually matches the logic used by the entry signal script.
Both indicators are fully open source and meant to be used together — especially when trading manually.https://www.tradingview.com/x/mqmFjPAN/
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.