EMA Ribbon + Smoothed RSI Trend Strategy by jedsimpson
By jedsimpson
Performance Metrics
- Author: jedsimpson
- Symbol: VANTAGE:CADJPY
- Timeframe: 4 hours
Description
EMA Ribbon Trend Filter + Smoothed RSI Entry StrategyBEST IS 1/1RROverviewThis strategy combines a moving-average trend filter with a smoothed RSI trigger to time entries in the direction of an established trend, with stop-loss levels placed at real market structure rather than a fixed distance.How it works1. Trend Filter (Ribbon)An EMA(10) and EMA(20) are plotted on the chart. The strategy only considers trades when EMA(10) is above EMA(20) — treated here as confirmation of underlying bullish structure. Two additional SMAs (20/50) are plotted alongside for visual context but aren't part of the trade logic.2. Entry Trigger — Smoothed RSIRather than using raw RSI, this script smooths RSI(21) with a 50-period SMA. That smoothed line is the actual decision value:Crosses above 51 → long signalCrosses below 49 → short signalSmoothing the RSI this way filters out a lot of the noise a raw RSI produces, at the cost of some lag.3. Structure-Based Stop LossInstead of a fixed pip/point stop, SL is placed at the nearest swing low (for longs) or swing high (for shorts) over a configurable lookback window, plus a small buffer. Take-profit is set as a configurable risk:reward multiple of that stop distance.4. Trade VisualizationEvery trade taken draws two boxes on the chart: a green "profit zone" from entry to TP, and a red "risk zone" from entry to SL. These extend in real time while the trade is open, so you can see the live risk/reward geometry of each position at a glance.5. Non-RepaintingSignals only evaluate on confirmed, closed bars (barstate.isconfirmed), so what you see in the backtest is what would have fired in real time — no mid-bar flip-flopping.InputsEMA/SMA ribbon lengths (default 10/20/20/50)RSI length and smoothing length (default 21 / 50)Buy/sell trigger levels (default 51 / 49)Cross-only trigger toggleSwing lookback, SL buffer, minimum SL distanceRisk:reward ratio 1/1 IS BESTBox colors and visibility toggleOptional date range filter for backtestingAlertsBuilt-in alertcondition() calls for both long and short signals, ready to connect to a webhook or notification service if you want to act on signals outside of TradingView.⚠️ Disclaimer: This script is provided for educational and informational purposes only. Past performance shown in backtests does not guarantee future results. Backtest results can be affected by commission/slippage assumptions and do not account for real-world execution factors such as liquidity and order rejection. This is not financial advice — use proper risk management and test thoroughly before trading with real capital.