14/28 Day SMA Divergence and RSI - No Repaint

The 14/28 Day SMA Divergence and RSI - No Repaint indicator is a strategy tool designed to identify long entry opportunities based on the convergence of moving average trends and oversold Relative Strength Index (RSI) levels. By combining a 14-period signal SMA with a 28-period SMA and RSI filtering, it aims to capture reversals and trend continuations without repainting issues.

Usage

The script is primarily used to identify long positions and manage exits through a multi-stage take-profit system.

• Long Entry: A buy signal is generated when either the 14-day SMA is above the 28-day SMA while the RSI is below 30, or when the RSI reaches extreme oversold levels (below 13). These conditions are visualized as green spikes on the indicator pane.
• Take Profit: Once a position is opened, the tool monitors for a percentage-based profit target. When reached, it triggers a partial close (orange spikes) to lock in gains while keeping a remainder of the position active.
• Full Exit: The final exit occurs when the 14-day SMA crosses below the 28-day SMA, indicating a shift in momentum (red spikes). Alternatively, users can configure the script to close based on overbought RSI levels.

Details

This strategy avoids the use of standard "crossover" functions for its core logic, which helps ensure signals remain fixed once the bar closes (no repainting). It relies on the relationship between a short-term moving average (14-period) and a medium-term moving average (28-period). The strategy prioritizes buying when the trend is bullish (14 SMA > 28 SMA) but price is temporarily depressed (low RSI), or when price is extremely exhausted regardless of the SMA alignment.

Settings

Main Settings

• Length: The lookback period used for the RSI calculation.
• Take Profit: The percentage gain required to trigger a partial exit of the position.
• Percent of Quantity to Sell: Determines the percentage of the total position size to close when the Take Profit target is met.
• Close Overbought and Take Profit: A toggle to enable the specific profit-taking and RSI-based exit logic.
• SMA Signal Period: The length of the shorter moving average (default is 14).
• SMA Longer Period: The length of the longer moving average (default is 28).

FAQ

How do I use the 14/28 Day SMA Divergence and RSI - No Repaint?

You can apply the script to your chart and look for the colored spikes in the indicator pane. Green indicates an entry, orange indicates a partial take profit, and red indicates the final exit signal.

Can I change the moving average periods?

Yes, the SMA Signal Period and SMA Longer Period can be adjusted in the settings menu to fit different timeframes or asset classes.

How do I get access to 14/28 Day SMA Divergence and RSI - No Repaint?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.