OPEN-SOURCE SCRIPT

Easy to Use MACD+RSI Strategy

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BEGINNERS REJOICE!

Easy to use strategy test using MACD with RSI as a confirming indicator. The code is structured to make it easy to manipulate the variables to your choosing.

EASY TO CHANGE CODE VARIABLES
LINE 2 = Change the amount you invest every trade and the currency
LINE 8/9/10 = Change the defval of each of these lines to backtest from a certain date
LINE 16/17/18 = Change the MACD sensitivity by changing the defval on each line
LINE 21 = Change the value after close toadjust the sensitivity of the RSI
LINE 37/39 = Change/remove the < and > variables for macdLine and rsivalue after the crossover/crossunder to adjust your buying point further.

As a beginner you may not feel comfortable with shorting stocks, therefore LINE 5 was added to only allows long positions.

Funny how a simple indicator can return such a high profitability. Couple this with some trend/exit strategies and you'll have something really special!

Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)

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