Simple RSI Strategy Buy/Sell at a certain level

Descrição

⋅ 17 de Dez de 2019 23:08

Simple Strategy based on RSI, using overbought or oversold levels, defined by us, sell or buy an asset.
Backtest: ETHUSD (Bitmex) - 3h

Relative Strength Index (RSI)levels

Comentários

csevinctav

⋅ 28 de Mar de 2021 14:35

Thanks. How can I add take profit and stop loss to this strategy?

Bitduke

⋅ 28 de Mar de 2021 20:41

@csevinctav, I think it will be better to create the extended version with SL/TP, thanks

csevinctav

⋅ 28 de Mar de 2021 20:43

@Bitduke, It would be great. i can't wait to try. Thanks for everything

Bitduke

⋅ 11 de Abr de 2021 09:23

@csevinctav, finally created an improved version with SL / TP

Link: tradingview.com/script/dCUPcQNh-Improved-simple-RSI-Buy-Sell-at-a-level-SL-TP/

csevinctav

⋅ 11 de Abr de 2021 09:59

@Bitduke, thanks. I will try now.

Swing_Trader_

⋅ 29 de Ago de 2021 10:53

Your entries should be reversed shouldn't they?
strategy("Simple RSI Buy/Sell at a level", shorttitle="Simple RSI Strategy", overlay=true,calc_on_every_tick=false,pyramiding=0, default_qty_type=strategy.cash,default_qty_value=1000, currency=currency.USD, initial_capital=1000,commission_type=strategy.commission.percent, commission_value=0.075)
overbought = input(70, title="overbought value")
oversold = input(33, title="oversold value")
sellRsi = rsi(close, 14) > overbought
buyRsi = rsi(close, 14) < oversold

barcolor(sellRsi ? color.red : na)
barcolor(buyRsi ? color.green : na)

strategy.entry("Buy Signal", strategy.long, when = buyRsi)
strategy.entry("Sell Signal", strategy.short, when = sellRsi)

kindBird21

⋅ 8 de Out de 2022 02:06

Shouldn't you buy when stock is oversold and sell when overbought?

Joeanucha

⋅ 24 de Jan de 2021 08:22

thanks!

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