OPEN-SOURCE SCRIPT
GStrategy XRP 4h

RSI + Smart Money Trading Strategy
This strategy combines RSI (Relative Strength Index) with Smart Money detection to identify high-probability reversal trades in trending markets. It uses strict entry/exit rules with a 10% hard stop-loss to manage risk.
Strategy Logic
1. Entry Conditions
Long Entry (Buy):
RSI < 30 (Oversold condition)
Smart Money Confirmation:
Bullish candle (close > open)
Volume > 35-period SMA (unusual buying pressure)
Price hits a 5-bar low (potential reversal level)
Short Entry (Sell):
RSI > 70 (Overbought condition)
Smart Money Confirmation:
Bearish candle (close < open)
Volume > 20-period SMA (unusual selling pressure)
Price hits a 5-bar high (potential rejection level)
2. Exit Conditions
Long Exit: RSI ≥ 70 (Take profit at overbought)
Short Exit: RSI ≤ 40 (Take profit at mid-level)
Stop-Loss: Hard 10% stop on all trades
3. Position Management
No overlapping trades (only 1 position at a time).
Stop-loss visualized on the chart (red line).
Key Features
✅ RSI Filter: Avoids false reversals by requiring extreme RSI levels.
✅ Smart Money Detection: Confirms institutional activity via volume + price action.
✅ Asymmetric Exits:
Longs exit at RSI 70 (full overbought).
Shorts exit earlier at RSI 40 (conservative profit-taking).
✅ Strict Risk Control: 10% stop-loss prevents large drawdowns.
Indicators Used
RSI (14-period)
Volume SMA (20 for shorts, 35 for longs)
5-bar High/Low for price extremes.
This strategy combines RSI (Relative Strength Index) with Smart Money detection to identify high-probability reversal trades in trending markets. It uses strict entry/exit rules with a 10% hard stop-loss to manage risk.
Strategy Logic
1. Entry Conditions
Long Entry (Buy):
RSI < 30 (Oversold condition)
Smart Money Confirmation:
Bullish candle (close > open)
Volume > 35-period SMA (unusual buying pressure)
Price hits a 5-bar low (potential reversal level)
Short Entry (Sell):
RSI > 70 (Overbought condition)
Smart Money Confirmation:
Bearish candle (close < open)
Volume > 20-period SMA (unusual selling pressure)
Price hits a 5-bar high (potential rejection level)
2. Exit Conditions
Long Exit: RSI ≥ 70 (Take profit at overbought)
Short Exit: RSI ≤ 40 (Take profit at mid-level)
Stop-Loss: Hard 10% stop on all trades
3. Position Management
No overlapping trades (only 1 position at a time).
Stop-loss visualized on the chart (red line).
Key Features
✅ RSI Filter: Avoids false reversals by requiring extreme RSI levels.
✅ Smart Money Detection: Confirms institutional activity via volume + price action.
✅ Asymmetric Exits:
Longs exit at RSI 70 (full overbought).
Shorts exit earlier at RSI 40 (conservative profit-taking).
✅ Strict Risk Control: 10% stop-loss prevents large drawdowns.
Indicators Used
RSI (14-period)
Volume SMA (20 for shorts, 35 for longs)
5-bar High/Low for price extremes.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.