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

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 Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


I used to check on some stock and index working excellent . Salute to your hard work. Mainly I serch for indian index BANKNIFTY if u suggest some changes or some guidelines for it. Once again i am heartily appreciated to See your awesome work .god bless you for your best future.
+1 Antworten
GurselKona Bpovinod26
@Bpovinod26, Thanks. I am happy to hear that it works for you also. I am working for some improvements.
The following code segments can be added to the end of "//entries", "//plotting" and "//alerts" sections of the original script. They produce some quick profit. Try and if you find it useful keep it.
Best luck!

longadd = macd > macd and macd > macd and islongMACD
shortadd= macd < macd and macd < macd and isshortMACD

plotshape(longadd,title="longadd",location = location.belowbar,style=shape.triangleup,,size = size.tiny,editable = true)
plotshape(shortadd,title="shortadd",location = location.abovebar,style=shape.triangledown,,size = size.tiny,editable = true)

alertcondition(longadd,"longadd","longadd close = {{close}} high = {{high}}")
alertcondition(shortadd,"shortadd","shortadd close = {{close}} low = {{low}}")
Repaint ?
GurselKona Mark788
@Mark788, It works real-time. So that the signal on the last bar repaints. After the closing of last bar, no repaint. Alerts must be set as "only once per bar close".
very nice