The indicator is based on the search for the lowest bars in a given period (can be customized). You can add a search for the highest bars to determine the closed order points. You can add a filter by the value of the RSI (you can customized it separately for buying and selling). Alerts for buying and selling are set. It can be used to work with bots, for example 3COMMAS DCA bot.
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Signal Condition Settings:
(Buy) Lowest Bar The closing of the current bar is lower than the closing of the bars back in this range
(Buy) RSI value < The RSI index is below this value
(Sell) Highest Bar The closing of the current bar is higher than the closing of bars in this range
(Sell) RSI value > The RSI index is higher than this value
Hey I like that script. Could you giv me a hint on the perfect setup or the 3Commas Bot? how is it able to manage positions?
Crypto_BitCoinTrader
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@kuplosion, Hi! unfortunately, there are no ideal settings. at the moment I am using the lowest bar 600 + 18 RSI on the BTC/USD pair, the timeframe is 5 minutes. Take profit +1%. But, these are my settings.