OPEN-SOURCE SCRIPT
Volume Profile / Fixed Range Strategy with RSI SMA
This strategy utilizes the volume profile of the past x number of bars.
The idea is that the majority of the time price is ranging, during this time the volume profile shows where the vast majority of trading occurs. The assumption is if price exceeds the 1st STD either upwards or downwards there is a good likelihood of a break to the upside.
This is then coupled with the RSI for confluence, once the RSI breaks above the mid-point(50) this indicates strong upward momentum.
Thus the system will go long if: Price is above 1st STD of the Volume Profile and RSI > 50
The system will go to cash if: Price has closed below the upper bound and the RSI < 50
The idea is that the majority of the time price is ranging, during this time the volume profile shows where the vast majority of trading occurs. The assumption is if price exceeds the 1st STD either upwards or downwards there is a good likelihood of a break to the upside.
This is then coupled with the RSI for confluence, once the RSI breaks above the mid-point(50) this indicates strong upward momentum.
Thus the system will go long if: Price is above 1st STD of the Volume Profile and RSI > 50
The system will go to cash if: Price has closed below the upper bound and the RSI < 50
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.