OPEN-SOURCE SCRIPT
RSI2 with alerts by Mr.TuanDoan for Binary Option
Idea was developed from Larry Connors RSI2.
The 2-period RSI strategy is a fairly simple mean-reversion trading strategy designed to buy or sell securities after a corrective period.
You should look for buying opportunities when 2-period RSI moves below Lower Band (5), which is considered deeply oversold. Conversely, you can look for short-selling opportunities when 2-period RSI moves above Upper Band (95).
This is a rather aggressive short-term strategy for Binary Option.
Best use with Stoch RSI x 2.
The settings for Stoch RSI are
- Slow: 3 3 14 14
- Fast: 3 3 5 5
Only consider a PUT/CALL when both Stoch RSI are in the same state (overbought/oversold).
When arrow appears on the candle, it likely reverse the current trend.
Note
The 2-period RSI strategy is a fairly simple mean-reversion trading strategy designed to buy or sell securities after a corrective period.
You should look for buying opportunities when 2-period RSI moves below Lower Band (5), which is considered deeply oversold. Conversely, you can look for short-selling opportunities when 2-period RSI moves above Upper Band (95).
This is a rather aggressive short-term strategy for Binary Option.
Best use with Stoch RSI x 2.
The settings for Stoch RSI are
- Slow: 3 3 14 14
- Fast: 3 3 5 5
Only consider a PUT/CALL when both Stoch RSI are in the same state (overbought/oversold).
When arrow appears on the candle, it likely reverse the current trend.
Note
- This is not a holy-grail.
- Please follow your risk management
- Confirmations must be met before entering a trade
- It's for Binary Option
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
I'm happy to help you improve your trading.
Telegram: @MrTuanDoan
Telegram: @MrTuanDoan
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