OPEN-SOURCE SCRIPT
sma RSI & sudden buy and sell Strategy v1
This strategy uses mostly three things:-
1. average RSI (sma rsi over a period)
2. sudden buy and sudden sell (usually to infer the change in trend or direction)
3. various EMAs ( used as a filter)
I mostly build it to work on a 3min crypto chart but it should work on any timeframe or any symbol.
Settings - Length -RSI length (hardly needed to be changed but sometimes it doubles the net profit)(+/-2)
instant length - a sudden increase or decrease in the price calculated by the length of RSI (+/-10)
Bars - No of candles to verify before starting /closing the strategy (+/-20)
Lookbackno2- another variable to verify ema opening/closing (hardly needed to change)
emas - values of different EMAs (you can change if you want but I don't recommend it though)
over40 and over60 - the value of overbuying and overselling(+/-10)
In future, I will probably add ADX or use machine learning to filter out results
It works well considering 0.05% commission per entry and exit (total of 1% per trade)
you can message me for any query or suggestions.
1. average RSI (sma rsi over a period)
2. sudden buy and sudden sell (usually to infer the change in trend or direction)
3. various EMAs ( used as a filter)
I mostly build it to work on a 3min crypto chart but it should work on any timeframe or any symbol.
Settings - Length -RSI length (hardly needed to be changed but sometimes it doubles the net profit)(+/-2)
instant length - a sudden increase or decrease in the price calculated by the length of RSI (+/-10)
Bars - No of candles to verify before starting /closing the strategy (+/-20)
Lookbackno2- another variable to verify ema opening/closing (hardly needed to change)
emas - values of different EMAs (you can change if you want but I don't recommend it though)
over40 and over60 - the value of overbuying and overselling(+/-10)
In future, I will probably add ADX or use machine learning to filter out results
It works well considering 0.05% commission per entry and exit (total of 1% per trade)
you can message me for any query or suggestions.
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.
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