RSI + MACD Multi-Timeframe Strategy

This strategy combines the Relative Strength Index (RSI) from the daily timeframe with the Moving Average Convergence Divergence (MACD) from the 4-hour timeframe to generate precise long entry and exit signals.

The system uses a multi-timeframe approach to align longer-term trend conditions with shorter-term momentum shifts — allowing traders to catch dips with confirmation and exit before reversals.

🧠 Strategy Logic
✅ Long Entry Condition:

- RSI on the daily (1D) timeframe is oversold (below your defined threshold)
- MACD on the 4H timeframe crosses above the signal line

→ A long trade is opened when these two align

✅ Long Exit Condition:

- RSI on the daily timeframe is overbought
- MACD on the 4H timeframe crosses below the signal line

→ The long trade is closed when these two conditions are met

💡 This strategy currently supports long entries only. Short logic can be added if needed.

📊 Indicator Components
🔹 RSI (Relative Strength Index):

- A momentum oscillator that measures the speed and magnitude of price changes.
- Helps identify overbought (potential sell) and oversold (potential buy) conditions.
- Applied on the 1D timeframe (by default) to reflect broader market trend or exhaustion levels.

🔹 MACD (Moving Average Convergence Divergence):

- A trend-following momentum indicator based on moving averages.
- The MACD Line (fast EMA - slow EMA) crossing above the Signal Line indicates bullish momentum.
- Used here on the 4-hour timeframe (by default) for shorter-term momentum confirmation.

🔹 Multi-Timeframe (MTF) Logic:

- Uses request.security() to pull higher timeframe data (1D for RSI, 4H for MACD).
- Ensures no repainting, as it only uses closed candles from the higher timeframe.
- Aligns longer-term signals with shorter-term entries, reducing false signals.

📈 Plotting Options

The script includes a plot selector input allowing you to toggle between:

- RSI Plot (with overbought/oversold lines)
- MACD Plot (MACD line and signal line)
- This helps visualize signal conditions clearly on your chart.

🛠 Customization

- RSI & MACD settings are fully configurable
- RSI and MACD timeframes can be adjusted independently

⚠️ Disclaimer

This strategy is provided for educational and informational purposes only.
It is not financial advice or a recommendation to buy or sell any asset.
Past performance does not guarantee future results. Always test strategies in a simulated environment before live use, and consult with a licensed financial advisor for investment decisions.