INVITE-ONLY SCRIPT
TTP RSI drawdown
This indicator offers a way to trade the RSI drawdown combined together with its value.
Parameters
- Lookback. How many candles in the past are used to calculate the drawdown of the RSI
- RSI strength and timeframe
- Lower and Upper RSI limits. These are used to colour the drawdown chart, the greener the closed to your specified lower limit and the more red the closer to the upper limit. These limits are also used to confirm that the signal occurs with an RSI value within the given limits.
- Signal threshold. Buy signals will only be triggered when the drawdown of the RSI is higher than the provided value.
Buy signals
The signal will trigger in white color and will plot a 1 to allow backtesting.
TradingView alerts can be set for buy signals.
Buy signals will be trigger only when:
- RSI value is within the provided lower and upper limit values
- RSI drawdown is higher than the provided threshold.
Features
- Back-testable (plots 1 for buy)
- TV alerts
Chart modes
- show RSI
- show highest RSI
- show RSI drawdown
In the short time I've been playing with this new idea I noticed it can be used both for swing trading and for long term analysis like for example finding market bottoms.
Here's an example setup to find BTC past market cycle bottoms:
- load a chart with
BTCUSD
- set the chart timeframe to daily
- set the chart to logarithmic scale
- zoom out to see the full chart
- add the RSI drawdown indicator
- use the following parameters in the indicator: timeframe: week, gaps: off, show RSI drawdown: on, lookback:30, length:14, lower: 20, upper: 30: threshold: 40
Parameters
- Lookback. How many candles in the past are used to calculate the drawdown of the RSI
- RSI strength and timeframe
- Lower and Upper RSI limits. These are used to colour the drawdown chart, the greener the closed to your specified lower limit and the more red the closer to the upper limit. These limits are also used to confirm that the signal occurs with an RSI value within the given limits.
- Signal threshold. Buy signals will only be triggered when the drawdown of the RSI is higher than the provided value.
Buy signals
The signal will trigger in white color and will plot a 1 to allow backtesting.
TradingView alerts can be set for buy signals.
Buy signals will be trigger only when:
- RSI value is within the provided lower and upper limit values
- RSI drawdown is higher than the provided threshold.
Features
- Back-testable (plots 1 for buy)
- TV alerts
Chart modes
- show RSI
- show highest RSI
- show RSI drawdown
In the short time I've been playing with this new idea I noticed it can be used both for swing trading and for long term analysis like for example finding market bottoms.
Here's an example setup to find BTC past market cycle bottoms:
- load a chart with
BTCUSD- set the chart timeframe to daily
- set the chart to logarithmic scale
- zoom out to see the full chart
- add the RSI drawdown indicator
- use the following parameters in the indicator: timeframe: week, gaps: off, show RSI drawdown: on, lookback:30, length:14, lower: 20, upper: 30: threshold: 40
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、TheTradingParrotに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
You can get access to this indicator by getting a TTP subscription https://thetradingparrot.com/tiers
Join our membership to gain access to the private scripts.
patreon.com/c/thetradingparrot
patreon.com/c/thetradingparrot
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、TheTradingParrotに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
You can get access to this indicator by getting a TTP subscription https://thetradingparrot.com/tiers
Join our membership to gain access to the private scripts.
patreon.com/c/thetradingparrot
patreon.com/c/thetradingparrot
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。