OPEN-SOURCE SCRIPT
RSI+OBV
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this strategy works on the basis of crossovers of RSI at different period and OBV at different periods (separately). I am using it for Nifty and Bank Nifty. Entry for long can be taken when green bar appears; and exit has to be done when it disappears. Entry for short has to be taken when red bar appears; and exit has to be done when it disappears.
With little help from price action good results can be achieved.
With little help from price action good results can be achieved.
Nota Keluaran
this strategy works on the basis of crossovers of RSI at different period and OBV at different periods (separately). I am using it for Nifty and Bank Nifty . Entry for long can be taken when green bar appears; and exit has to be done when it disappears. Entry for short has to be taken when red bar appears; and exit has to be done when it disappears.With little help from price action good results can be achieved.
Update: OBV length has been changed from 2 to 3 and second RSI length has been changed from 11 to 9.
Nota Keluaran
this strategy works on the basis of crossovers of RSI at different period and OBV at different periods (separately). I am using it for Nifty and Bank Nifty . Entry for long can be taken when green bar appears; and exit has to be done when it disappears. Entry for short has to be taken when red bar appears; and exit has to be done when it disappears.With little help from price action good results can be achieved.
Update: green and red bars have been changed to green and red background. DMI indicator has also been added to identify the breakouts.
Nota Keluaran
this strategy works on the basis of crossovers of RSI at different period and OBV at different periods (separately). I am using it for Nifty and Bank Nifty . Entry for long can be taken when green bar appears; and exit has to be done when it disappears. Entry for short has to be taken when red bar appears; and exit has to be done when it disappears.With little help from price action good results can be achieved.
Update: green and red bars have been changed to green and red background. DMI indicator has also been added to identify the breakouts.
Update1: chart updated
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