OPEN-SOURCE SCRIPT

Relative Strength Index with Highlights and Success Test

2539
This script does two things:

1- Highlights extreme levels on RSI
2- Calculates what % of the time, price closed higher (lower) with some minimum threshold when RSI was below oversold (overbought) level in a predefined number of bars.

I use this to understand if buying the dip/selling the rip works for a security and on what time frame and if it could be a profitable strategy that can generate large enough moves.

No guarantees on the accuracy of the code. Let me know if you see anything wrong

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.