OPEN-SOURCE SCRIPT
RSI Divergence Indicator strategy
Atualizado
This strategy is based on RSI divergence indicator.
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
Notas de Lançamento
just removed the unwanted indicator to make the chart clean ...Notas de Lançamento
cleanup indicatorsNotas de Lançamento
1. Look back period default setting updated to 32. strategy pyramiding default has been set to 2. (it would allow legging in to existing trade , when the same Long condition is met)
Notas de Lançamento
I have added Take profit level parameter. Default value for this one is when RSI reaches 75.
I have tested GOOGL with below settings
> RSI 5, close, 3,1 and 75 which shows 87.21 % win rate and 7.059 profit factor.
> RSI 8, close, 3, 1 and 75 which shows 89.55 % win rate and 8.471 profit factor
> RSI 9, close, 3, 1 and 80 which shows 91.53 % win rate and 30.124 profit factor
Same settings might not work for all symbols , you need to tweak the settings to get the 75% win rate and at least 3 profit factor.
If I increase the take profit level to above 75 or RSI value above 5 , you might get Profit factor high, but number of trades reduces and number of bars in trades is high. I would say RSI above 5 and take profit level 80 and beyond works for Long Term ... (Investing style)
Happy Trading :-)
Notas de Lançamento
I have added parameter to trail stop loss. if this is selected , position will be exited based ATR length and multiplier value. When the position exits on Trailing Stop Loss , it displays comment TSL on the chart.
Notas de Lançamento
Trailing stop Loss setting and calculation fine tuned.if you select Trailing Stop Loss
ATR => Trailing stop loss is calaculated based on ATR length and ATR multiplier
PERC => Trailing Stop Loss calculated based on PERC mentioned in Stop Loss setting
NONE => This si default behaviour as published in original script
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