OPEN-SOURCE SCRIPT

Crypto Long RSI Entry with Averaging

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Indicator Name:
04 - Crypto Long RSI Entry with Averaging + Info Table + Lines (03 style lines)

Description:
This indicator is designed for crypto trading on the long side only, using RSI-based entry signals combined with a multi-step averaging strategy and a visual information panel. It aims to capture price rebounds from oversold RSI levels and manage position entries with two staged averaging points, optimizing the average entry price and take-profit targets.

Key Features:

RSI-Based Entry: Enters a long position when the RSI crosses above a defined oversold level (default 25), with an optional faster entry if RSI crosses above 20 after being below it.

Two-Stage Averaging: Allows up to two averaging entries at user-defined price drop percentages (default 5% and 14%), increasing position size to improve average entry price.

Dynamic Take Profit: Adjusts take profit targets after each averaging stage, with customizable percentage levels.

Visual Signals: Marks entries, averaging points, and exits on the chart using colored labels and lines for easy tracking.

Info Table: Displays current trade status, averaging stages, total profit, number of wins, and maximum drawdown percentage in a table on the chart.

Graphical Lines: Shows horizontal lines for entry price, take profit, and averaging prices to visually track trade management.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.