EMA 9 a 21 + Stochastic RSI / Owl of Profit

EMA 9/21 + Stoch RSI Strategy

This strategy combines Exponential Moving Averages (EMA) with Stochastic RSI to identify high-probability trading opportunities by analyzing both trend direction and overbought/oversold conditions.

Features:

Exponential Moving Averages (EMA):

Tracks short-term (9-period) and mid-term (21-period) trends.
Crossover signals are used to determine bullish and bearish trends.
Stochastic RSI:

Identifies overbought and oversold market conditions.
Adds a layer of confirmation to EMA crossovers, improving signal quality.
Entry and Exit Conditions:

Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover) and Stochastic RSI is below the oversold threshold (default: 20).
Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover) and Stochastic RSI is above the overbought threshold (default: 80).
Positions are closed when the opposite signal occurs.
Customization Options:

Adjust EMA and Stochastic RSI lengths to suit your trading preferences.
Modify overbought and oversold levels for different market conditions.
Visualization:

Plots EMA 9 and EMA 21 directly on the price chart for trend analysis.
Displays Stochastic RSI in a separate panel for clear visualization of overbought/oversold zones.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.

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Happy trading!