RSI-EMA-Crossing with Donchian-Stop-Loss

The Donchian RSI Indicator is a visual tool that combines momentum and trend analysis to identify high-quality long opportunities based on RSI crossovers, price action, and Donchian channel dynamics.

How It Works

• Momentum Signal: A bullish RSI crossover is detected when the RSI crosses above its moving average.
  
• Trend Filter: A signal is only valid if the crossover occurs while the price is above its moving average – filtering out entries against the prevailing trend.
  
• Signal Candle: The high of the crossover candle is stored.
  
• Entry Trigger: A valid signal occurs when a later candle closes above that signal high.
  

Stop-Loss (Visual Only)

The lower band of the Donchian Channel acts as a visual reference for a dynamic stop-loss level.

Features

• Customizable RSI, Donchian Channel, and moving average lengths
  
• Selectable MA types: SMA, EMA, WMA, VWMA, HMA
  
• Signal candle highlighted (yellow background)
  
• Entry points labeled on the chart
  
• Price MA and Donchian Channel plotted
  
• Trend filter improves signal quality by confirming upward bias
  

Use Case
Designed for swing and position traders
Optimized for use on daily or 4H charts