Key Features of the Script Trend-Following Moving Averages:
The fast EMA (Exponential Moving Average) crossing above the slow EMA indicates a bullish trend. The fast EMA crossing below the slow EMA indicates a bearish trend. RSI Filter:
Ensures that you only enter long positions when the RSI is not overbought and short positions when the RSI is not oversold. This reduces false signals. Risk Management:
Includes both a Take Profit and a Stop Loss mechanism, ensuring disciplined trade exits. Configurable percentage-based risk management (e.g., 2% Take Profit, 1% Stop Loss). Signal Visuals:
Displays buy/sell signals directly on the chart for better visualization. Plots moving averages and RSI levels for added clarity.