RSI Reversal (instelbare RRR)

made by Laila
(Indicator in the making)

How does it work?
Using RSI to decide:

If the RSI drops below 30 (oversold), it opens a buy (long) position.

If the RSI rises above 70 (overbought), it opens a sell (short) position.

Setting risk and reward:

You choose how much of the price you're willing to risk, for example 1%.

You also set how much reward you want, like 2 times the risk (2:1).

So if the entry price is 100:

Stop loss would be at 99 (1% down),

Take profit would be at 102 (2% up).

The strategy handles everything automatically:

When the RSI condition is met, it enters a trade.

It immediately sets both TP and SL levels.

The trade closes automatically when either TP or SL is hit.