OPEN-SOURCE SCRIPT
[BoTo] RSI Trend Strategy
Open source code.
It is very old trade strategy. It is older than you :) Uses the RSI indicator. The RSI indicator has described Welles Wilder in the book in 1978. And all this is still profitable!
Additional articles
1. en.wikipedia.org/wiki/J._Welles_Wilder_Jr.
2. en.wikipedia.org/wiki/Relative_strength_index
3. tradingview.com/wiki/Relative_Strength_Index_(RSI)
How it works
Step 1. The user chooses length for RSI
Step 2. If RSI is more than 50, then it is a uptrend and the long position opens. It is necessary to close a short position if it is opened earlier.
Step 3. If RSI is less than 50, that is a downtrend and the short position opens. It is necessary to close a long position if it is opened earlier.
Well is suitable for the market of cryptocurrencies. Well length from 3 to 7 approaches. Don't use length 14 because for cryptocurrencies it is too much. Cryptocurrencies it is very volatile market. You can also use the RSI indicator which is built in on TradingView.com.
It is very old trade strategy. It is older than you :) Uses the RSI indicator. The RSI indicator has described Welles Wilder in the book in 1978. And all this is still profitable!
Additional articles
1. en.wikipedia.org/wiki/J._Welles_Wilder_Jr.
2. en.wikipedia.org/wiki/Relative_strength_index
3. tradingview.com/wiki/Relative_Strength_Index_(RSI)
How it works
Step 1. The user chooses length for RSI
Step 2. If RSI is more than 50, then it is a uptrend and the long position opens. It is necessary to close a short position if it is opened earlier.
Step 3. If RSI is less than 50, that is a downtrend and the short position opens. It is necessary to close a long position if it is opened earlier.
Well is suitable for the market of cryptocurrencies. Well length from 3 to 7 approaches. Don't use length 14 because for cryptocurrencies it is too much. Cryptocurrencies it is very volatile market. You can also use the RSI indicator which is built in on TradingView.com.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します！無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。