Sling Shot System By Lorin

This script uses the Sling Shot System to draw a cloud of Fast EMA of 38 and Slow EMA of 62, a cloud where most of the pullbacks go to. Together with the Stochastic RSI it draws long and short signals:

1. Longs:

• when the RSI is bellow 20.
  
• when the candle has touched the cloud on close.
  
• when the price is forming a higher low, meaning its higher then the last time these conditions were met.
  
• when the price is the uptrend, meaning the cloud is green.
  

2. Shorts:

• when the RSI is above 80.
  
• when the candle has touched the cloud on close.
  
• when the price is forming a lower low, meaning its lower then the last time these conditions were met.
  
• when the price is in the downtrend, meaning the cloud is red.