OPEN-SOURCE SCRIPT
RSPS - ALTS Tournament
RSPS Tournament System Overview
The RSPS Tournament System is an advanced trading indicator designed to evaluate and rank a selection of 15 assets of your choosing, based on a series of meticulously defined criteria. This system integrates a comprehensive set of indicators and scoring mechanisms to identify the most promising assets for investment.
Indicators and Conditions:
- Beta & Alpha Ranking: Assets are ranked based on their Beta and Alpha values from 1 to 15.
- Dominance: This is assessed using the Z-score of the Rate of Change (ROC), with a specific -
condition set for values between -0.1 and 0.1.
- For Token, BTC, ETH & ETHUP Ratios: Three key indicators are applied:
- Z-score of Token: Evaluated with conditions set for values above and below 0.
- Correlation of BTC and ETH Average: Included as an indicator.
- HMA of Sharpe Ratio: Assessed with conditions for values above and below 0.
- HMA of Omega Z-score: Evaluated with conditions for values above and below 0.
Scoring System:
- Beta & Alpha: Assets ranked 1-6 receive a score of 1, while the rest are scored 0.
- Token and Ratios Indicators: The average of all indicators for each asset is calculated,
scoring 1 if the average is greater than 0.3.
- Correlation of BTC & ETH: Averages of both correlations are calculated, with a score of 1
awarded if the average is greater than 0.7.
- (Sharpe & Omega Ratio) | Dominance | Z-score: A score of 1 indicates a long position.
*Final Scoring & Weighting:
*
The RSPS Tournament System is an advanced trading indicator designed to evaluate and rank a selection of 15 assets of your choosing, based on a series of meticulously defined criteria. This system integrates a comprehensive set of indicators and scoring mechanisms to identify the most promising assets for investment.
Indicators and Conditions:
- Beta & Alpha Ranking: Assets are ranked based on their Beta and Alpha values from 1 to 15.
- Dominance: This is assessed using the Z-score of the Rate of Change (ROC), with a specific -
condition set for values between -0.1 and 0.1.
- For Token, BTC, ETH & ETHUP Ratios: Three key indicators are applied:
- RSI – EMA: A condition where the RSI is greater than both the RSI EMA and 50.
- Kijun Sen Base: Included as a core indicator.
- ROC of RSI: With a condition that ROC must be greater than 0.
- Z-score of Token: Evaluated with conditions set for values above and below 0.
- Correlation of BTC and ETH Average: Included as an indicator.
- HMA of Sharpe Ratio: Assessed with conditions for values above and below 0.
- HMA of Omega Z-score: Evaluated with conditions for values above and below 0.
Scoring System:
- Beta & Alpha: Assets ranked 1-6 receive a score of 1, while the rest are scored 0.
- Token and Ratios Indicators: The average of all indicators for each asset is calculated,
scoring 1 if the average is greater than 0.3.
- Correlation of BTC & ETH: Averages of both correlations are calculated, with a score of 1
awarded if the average is greater than 0.7.
- (Sharpe & Omega Ratio) | Dominance | Z-score: A score of 1 indicates a long position.
*Final Scoring & Weighting:
*
- Assets achieving a score of 8 or more are considered to have passed the tournament, with their weightings equally allocated.
Important Notice:- The system's indicators have been optimized specifically on SOL, chosen for parameters that offer minimal drawdown across most assets.
- All indicators have undergone backtesting with a focus on LONG ONLY strategies.
- The system's indicators have been optimized specifically on SOL, chosen for parameters that offer minimal drawdown across most assets.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.