OPEN-SOURCE SCRIPT
JK EMA-WMA ADX Strategy with RSI Reversals and Chandelier Exit

This Pine script is a comprehensive trading strategy indicator for TradingView that combines three different technical analysis techniques: the Modified EMA-WMA ADX Trading Strategy, RSI Reversals, and the Chandelier Exit strategy. Here's a breakdown of what the script does:
Inputs: The script starts by defining several user inputs that allow traders to customize various parameters such as the lengths for EMA, WMA, ADX, RSI, and Chandelier Exit calculations, as well as thresholds for ADX, bullish/bearish RSI levels, and visual options like showing labels and highlighting the current trading state.
EMA-WMA ADX Strategy: The script calculates the Exponential Moving Average (EMA), Weighted Moving Average (WMA), and Average Directional Index (ADX) using the user-defined input lengths. It then determines buy and sell signals based on the crossover/crossunder of the EMA and WMA, combined with conditions on the ADX value and its rising/falling state.
RSI Reversals: The Relative Strength Index (RSI) is calculated, and its slope is determined over a specified number of periods. Bullish and bearish reversals are identified based on the RSI crossing the user-defined bullish and bearish levels, combined with the slope condition.
Chandelier Exit: The script implements the Chandelier Exit strategy, which involves calculating an Average True Range (ATR) channel based on the highest high and lowest low over a specified period, multiplied by a user-defined multiplier. The channel lines are plotted, and buy/sell signals are generated when the price crosses these lines, indicating a potential trend change.
Plotting: The script plots the EMA, WMA, buy/sell signals for the EMA-WMA ADX strategy, bullish/bearish reversal signals for RSI, and the Chandelier Exit channel lines. It also includes options to show buy/sell labels and highlight the current trading state with colored areas.
Alerts: The script can generate alerts for various conditions, including Chandelier Exit direction changes, buy/sell signals for the Chandelier Exit, and combined buy/sell signals from the EMA-WMA ADX strategy.
Overall, this script aims to provide a comprehensive trading strategy by combining multiple technical analysis techniques and allowing traders to customize various parameters. It can be used as a standalone strategy or as a starting point for further customization and experimentation.
Inputs: The script starts by defining several user inputs that allow traders to customize various parameters such as the lengths for EMA, WMA, ADX, RSI, and Chandelier Exit calculations, as well as thresholds for ADX, bullish/bearish RSI levels, and visual options like showing labels and highlighting the current trading state.
EMA-WMA ADX Strategy: The script calculates the Exponential Moving Average (EMA), Weighted Moving Average (WMA), and Average Directional Index (ADX) using the user-defined input lengths. It then determines buy and sell signals based on the crossover/crossunder of the EMA and WMA, combined with conditions on the ADX value and its rising/falling state.
RSI Reversals: The Relative Strength Index (RSI) is calculated, and its slope is determined over a specified number of periods. Bullish and bearish reversals are identified based on the RSI crossing the user-defined bullish and bearish levels, combined with the slope condition.
Chandelier Exit: The script implements the Chandelier Exit strategy, which involves calculating an Average True Range (ATR) channel based on the highest high and lowest low over a specified period, multiplied by a user-defined multiplier. The channel lines are plotted, and buy/sell signals are generated when the price crosses these lines, indicating a potential trend change.
Plotting: The script plots the EMA, WMA, buy/sell signals for the EMA-WMA ADX strategy, bullish/bearish reversal signals for RSI, and the Chandelier Exit channel lines. It also includes options to show buy/sell labels and highlight the current trading state with colored areas.
Alerts: The script can generate alerts for various conditions, including Chandelier Exit direction changes, buy/sell signals for the Chandelier Exit, and combined buy/sell signals from the EMA-WMA ADX strategy.
Overall, this script aims to provide a comprehensive trading strategy by combining multiple technical analysis techniques and allowing traders to customize various parameters. It can be used as a standalone strategy or as a starting point for further customization and experimentation.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。