EMA, Supertrend, and RSI Signals with ATR Risk-Based Sizing
Summary
This intraday strategy combines fast and slow EMAs, Supertrend direction, candle color, and RSI thresholds to form long and short signals. It specifies a 15-minute chart as the intended timeframe and displays a warning label on other chart intervals. Stops are set at an ATR-based distance from the current close, while profit targets are twice that distance, creating a nominal 2:1 reward-to-risk relationship.
The sizing logic estimates quantity from a configurable fraction of account equity divided by stop distance, then caps notional exposure at a maximum leverage multiple. The script also converts quantity into whole alert lots using an ETH-based convention and can send entry and closure notifications. The page calls the system automated but provides no backtest statistics or evidence of live performance. Intra-bar calculations and alerts can differ from bar-close assumptions, and the fixed lot conversion may not suit instruments other than the assumed unit convention; execution behavior and risk should be validated for the chosen market.
Key ideas
- Long and short signals require EMA alignment, matching Supertrend direction, candle direction, and an RSI threshold.
- ATR sets the stop distance, and the target is twice that distance.
- Quantity is based on a chosen equity risk fraction and capped by maximum leverage.
- The script is designed for a 15-minute chart and warns when another timeframe is used.
- Alerts use a fixed ETH lot conversion, limiting how directly the sizing convention transfers across instruments.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.