EMA Trend and RSI Filters for 15-Minute Scalping

Summary

This short-term strategy uses a long-term exponential moving average to set directional bias, then looks for a cross of the 20-period average confirmed by RSI. It enters long when price is above the 200-period average, crosses above the 20-period average, and RSI exceeds its upper threshold; the short setup reverses those conditions. Each entry is paired with fixed profit and loss exits, and the chart also displays 20-, 50-, and 200-period averages.

The script is presented for NQ, ES, and gold on a 15-minute chart, but the document gives no backtest statistics or detailed contract-specific settings. The stated profit and loss distances are code parameters whose interpretation depends on the instrument and platform. Its promotional description about catching daily levels is unsupported by the shown rules, so the setup should be treated as an unvalidated example rather than evidence of a reliable scalping edge.

Key ideas

• The 200-period EMA defines the strategy’s broad bullish or bearish bias.
• A cross of the 20-period EMA and an RSI threshold provide entry confirmation.
• The script pairs each entry with fixed profit and loss exit values.
• The document shows no performance evidence or instrument-specific validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.