I have written the code below. its very basic.
I want the exit values (in live and backtesting) as per the moving average value on that particular bar.
//@version=4
strategy("My Strategy", overlay=true)
Define your indicators
rsi = rsi(close, 14)
ma20 = sma(close, 20)
Define your conditions
enterCondition = crossover(rsi, 60)
exitCondition = close <= ma20
Plot your indicators for visual confirmation
plot(rsi, "RSI", color=color.blue)
hline(60, "Entry Level", color=color.green)
plot(ma20, "MA 20", color=color.red)
Execute your strategy
strategy.entry("Buy", strategy.long, when=enterCondition)
strategy.close("Buy", when=exitCondition)
to implement an exit strategy based on moving average,we typically compare the current price crosses below the moving average,it might signal a potential exist