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)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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