DTR V 1.0

DTR V 1.0 – RSI + Stochastic Entry Strategy
by DTR Traders

This is a momentum-based entry and exit strategy that combines the RSI and Stochastic indicators. It’s designed to identify oversold buy opportunities and close positions during overbought conditions — great for catching short-term reversals.

🧠 Strategy Logic:
✅ Entry (Buy Signal):
A long trade is opened when both:

Stochastic is below the oversold level

RSI is below its oversold level

This double-confirmation helps filter out false signals and looks for strong oversold momentum.

❌ Exit (Sell Signal):
The position is closed when both:

Stochastic rises above the overbought level

RSI rises above its overbought level

This ensures you're exiting after a decent bounce or rally.

📈 Chart Behavior:
This script can automatically enter and exit trades using Pine Script’s strategy() function.

It plots visual signals on the chart and you can also see trades and PnL in the Strategy Tester tab. (Some Time Frames are more profitable than others, adjust it to your trading strategy).

💡 Use Cases:
Ideal for traders who like to buy low and sell high using oversold/overbought conditions.

Works well in ranging markets where price frequently reverses from extremes.

Can be adapted to different timeframes.

🚀 Tips for Better Performance:
Consider adding filters like trend confirmation (e.g., MA direction).

Pair with SL/TP management or alerts for real-time decision-making.

Backtest across assets and timeframes to find optimal settings.