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Relative Strength Index (RSI)

EURUSD 5min london session strategyHey, today I bring you another strategy that I pull up together. Its a KISS system ( keep it stupid simple ) We have 2 ma of 5 lenght each, one applied to the high and the other to low. With this we create a channel. If the candle close above or below the channel we got a signal. Then we can optionally verify with the RSI to increase our chances. At the same time, this system, only trades during the london session ( can be changed), and it has 2 rules, preferably no more than 5 trades / day, and no more than 2% risk of equity lost . We also have a TP/SL system made of pips. Enjoy it.
Strategi Pine Script®
oleh SoftKill21
2
Simple and efficient 1h strategyThis strategy is made from a crossover of 2 ema : 4 and 8 in this case, together with a RSI of lenght 10 applied to hl2 The strategy is simple : we enter when we have a cross between the 2 ma's and rsi at the same time is in ascending or descending position crossing the middle line of 50. For exit we have : at the end of a session( we trade only between london and newyork in this case, so we exit newyork), or through a tp/sl pip point system. Hope you enjoy it.
Strategi Pine Script®
oleh SoftKill21
Full strategy AllinOne with risk management MACD RSI PSAR ATR MAHey, I am glad to present you one of the strategies where I put a lot of time in it. This strategy can be adapted to all type of timecharts like scalping, daytrading or swing. The context is the next one : First we have the ATR to calculate our TP/SL points. At the same time we have another rule once we enter(we enter based on % risk from total equity, in this example 1%, at the same time, lowest ammount for this example is 0.1 lots, but can be modified to 0.01), so we can exit both by tp/sl points, or by losing 1% of our equity or winning 1% of our total equity. It's dinamic. The strategy is made from Trend direction : PSAR First confirmation point : Crossover between 10EMA and Bollinger bands middle point Second confirmation MACD histogram Third confirmation RSI overbought/oversold levels For entries : we check trend with psar, then once ema cross bb middle point, we confirm together with rsi level for overbought/oversold and macd histogram ( > 0 or <0). We exit, when we have opposite sign, like from buy to sell or sell to buy, or when we reach tp/sl points, or when we reach % basaed equity points. It can be changed to be fixed lots, or fixed tp/sl , you just have to uncomment the size from entries, and tp/sl lines. At the same time, it has the possibility if one desires, to trade only concrete forex session like european, asian and so on for intraday trading. Hope you enjoy it. Let me know how it goes.
Strategi Pine Script®
oleh SoftKill21
29
TRM StrategyThis is a strategy version of the "True Relative Movement" script: It is virtually identical to the original script, except now you can back test different conditions and parameters. TRM has 3 different conditions:Buy (Blue Bars), Hold/Take Profit (Gray Bars), and Sell (Pink Bars). This script is only coded for Long only condition. It will exit the position when there is a sell signal, no take profit parameters are coded. The example backtest results shown are on $AAPL with a starting Capital of 10k, with each trade investing 10% of capital. I cannot show results vs buy and hold (meaning re-investing 100% of capital) as this is against house rules. However, I HIGHLY encourage you to experiment with different trade parameters, time frames, symbols and settings for TRM. You will find that certain time frames perform better under different TSI and RSI settings. The "Slower paced trader" can use the "Slow settings" for TRM ( Instructions embedded in the settings window). This will produce less signals ect.... I am personally, constantly finding different settings that work for different ETF's, symbols ect... As a discretionary trader, it is important to have a system that has an "edge". That is what the script is meant for... finding an edge to help you make sound trading decisions and help you manage risk accordingly. Enjoy, and please DO NOT hesitate to ask me any questions.
Strategi Pine Script®
oleh RolandoSantos
7
Custom Screener with Alerts [QuantNomad]Some time ago I published an example of simple custom screener in PineScript: The only thing this screener did is created a dynamic label with screener output. Recently TradingView announced alerts from the strategy with the possibility to add custom messages to alerts. So using it I was able to create a bit more advanced screener which sends results as alert messages. With tools like Alertatron, you can easily redirect them to Telegram if you want. It works for 40 symbols (limitation of the number of security calls). To create your own screener you need to change only screenerFunc. The logic of this function is very simple, it outputs value you want to display in screener and condition based on which your screener should filter your stocks. To create alerts for this screener create an alert from strategy and use {{strategy.order.alert_message}} as alert message. Do you know now how to make this screener better? Let me know. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and the script don’t provide any financial advice.
Strategi Pine Script®
oleh QuantNomad
72
EMA Crossover StrategyEMA Crossover Strategy This strategy will enter a long trade when the 21 EMA crosses over the 55 EMA and both EMAs and the close price are above the 200 EMA (long-term trend). It will enter a short trade when the 21 EMA crosses under the 55 EMA and both EMAs and the close price are below the 200 EMA. It will exit a long trade when the RSI crosses under from overbought and indicates that the uptrend could be coming to an end. It will exit a short trade when the RSI crosses over from oversold and indicates that the downtrend could be coming to an end. Backtesting shows that it works best on: 30 MIN: SYMBOL - PROFIT FACTOR AUDCAD - 1.126 EURJPY - 1.12 EURNZD - 1.04 EURUSD - 1.65 GBPAUD - 1.27 USDCAD - 1.08 1 HR: SYMBOL - PROFIT FACTOR CADJPY- 1.23 EURNZD- 1.166 GBPJPY- 1.23 GBPUSD- 1.282 NZDJPY- 1.246 USDCHF- 1.344 3 HR: SYMBOL - PROFIT FACTOR CADCHF- 1.975 EURGBP- 1.776 EURNZD- 1.911 GBPAUD- 1.364 GBPCHF- 1.311 USDJPY- 1.162 XAUUSD - 2.00 As always, this strategy does not guarantee you to achieve profits and you should always use confirmations before entering a trade.
Strategi Pine Script®
oleh UnknownUnicorn8106969
6
RSI W Pattern strategyThis strategy is similar to RSI V pattern strategy, but it looks for W pattern in RSI chart. RULES ====== BUY 1. ema20 is above ema50 2. RSI5 crossing up 30 from oversold area 3. and RSI5 must be below overbought area (default value set to 65) Add to existing Position 1. You can add on the next W pattern OR 2. if RSI5 is crossing up from below 20 Exit 1. when RSI5 reaches 75 Note: This is for short term/swing trading . which gets on when price dip in trending and quickly gets you out on RSI overbought area
Strategi Pine Script®
oleh eemani123
35
RSI Divergence X Ichimoku Cloud X 200EMAHi all, This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA . A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry. Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry. I find that this script works best on Intraday charts. This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!
Strategi Pine Script®
oleh tradethrills
9
RSI5_50 with DivergenceThis is variation of RSI Divergence strategy. I have added a filter (long term RSI) to the Rules. strategy BUYs when RSI 50 period is above 50 line and there is divergence on the short term RSI settings ========= short term RSI period 5 long term RSI period 50 stopLoss is 8% --- if setting is enabled BUY Rule ======== RSI 50 is above 50 line short term RSI is showing divergence Add to existing ============== if already in position, BUY when shorTermRSI is crossing above 20 TakeProfit ========= when longTermRSI reaches 60,65, 70 and 75 level , take partial profits . (not when crossing down --- This may affect on profits , because when price goes down , it goes very fast ) Exit ===== when longTermRSI is crossing down 30 OR stopLoss value hits Note: When I tested this with GOOGL stock , I have got excellent results ... any experts there , please check everything is good with scripting ... Happy Trading
Strategi Pine Script®
oleh eemani123
16
RSI V Pattern strategyThis strategy based on RSI for swing trading or short term trading Strategy Rules ============= LONG 1. ema20 is above ema50 --- candles are colored green on the chart 2. RSI value sharply coming up previous candle1 low is previous candle2 low and previous candle1 RSI value is less than previous candle2 current candle RSI value is greater than previous candle1 and crossing above 30 above which makes a V shape on RSI indicator, colored in yellow on the chart , price bar is colored in yellow 3. Enter Long when the above V pattern occurs EXIT LONG 1. when the RSI reaches 70 , close half position and move stop loss to up 2. when RSI reaches high value 90, close 3/4 position 3. when RSI crossing below 10 OR stopLoss hit , whichever happens first , close whole position Note : take profit levels are colored in blue on RSI and Price candles I have tested SPY , QQQ on daily chart , performance results are with 80% win rate and more than 3 profit factor Happy Trading
Strategi Pine Script®
oleh eemani123
6
Fibonacci + RSI - StrategyStrategy: Fibonacci + RSI: - Intraday trading strategy (Scalping). Time Frames Tested with best Results: 30 Minutes. 5 Minutes. 15 Minutes. 1 Minute Indicators Used: RSI (30 / 70) Fibonacci (1 - 0.784) How it Works: Once the Price Hits the 1 or -1 Fibonacci Level and bounces a little bit, It checks the RSI if Over Bought or Over Sold According to 30 - 70. If both conditions are satisfied, it triggers a Long or Short Positions. Further Notes: - I have put a Stop-loss with a 2% just for further upgrades. - Not advised to use in High Volatility Markets. - No Repaint was observed during a 2-Weeks Tests. If you have any suggestions or modifications please contact to add. If you have observed any bad behavior please contact to fix. Trade wisely.
Strategi Pine Script®
oleh MohamedYAbdelaziz
71
MAs & RSI strategy long onlyThis system originates from many articles by Enrico Malverti, Trading System, 2015. Many trading systems are more stable if you use simple and not so innovative indicators, like exponential moving averages and Relative Strengthe index. Differently by the original article: - there is no ATR Filter, but we have introduced a Schaff Indicator. If you have multiple shares/commodities to choose, prefer what has a better value of Schaff; - there is no fixed stop loss but a second moving average (fast), used as target. There are also Simple Mov Averages on lows (trailing stop loss for long) and a SMA on highs (trailing stop loss for short position). Be careful, in the system only long case, because being short is not the reverse of being long (as stated in my blog) SMA on highs are therefore only graphically put. In this version, I’ve changed the “religious” use of EMAs (“sponsored by” Alexander Elder) to “ordinary” MAs: this because since simple moving averages measure all the factor in addition egual each one, this involve a sort of “offset” in the graph, while EMAs give a major “importance” to the last value (last close itself, you’re already considering): therefore this calculation may be counterproductive. HOW TO OPERATE BUY when prices crosses over SMAon long period (we suggest, however, sma long = Sma fast period = no. 11 for italian and european shares) SELL when prices go under SMA on lows (7 period), or under on SMA fast! RSI crosses under level 70 or is higher than 75 (or 80, but in code there is 75)
Strategi Pine Script®
oleh saucius
1
Laguerre RSI by KivancOzbilgic STRATEGYBacktesting. " Laguerre RSI is based on John EHLERS' Laguerre Filter to avoid the noise of RSI . Change alpha coefficient to increase/decrease lag and smoothness. Buy when Laguerre RSI crosses upwards above 20. Sell when Laguerre RSI crosses down below 80. While indicator runs flat above 80 level, it means that an uptrend is strong. While indicator runs flat below 20 level, it means that a downtrend is strong. " Developer: John EHLERS Author: KivancOzbilgic
Strategi Pine Script®
oleh mertriver1
8
Rsi, Ema , Ma and Bollinger Bands for 1 min BtcusdtThis is for 1 min Btcusdt pair. I am tring to find a way to catch %1 ups and downs. Basicly it buys when rsi low and minute candle closes under ema,ma and lower bollinger band, it sells when candle goes over upper bb,low ma, when rsi high. It sells when rsi high ,candle closes over upper bb,over low ma and does the opposite when buying. I know it's crowded but still tring to learn what to do ^^ I welcome any suggestions to improve. It works better with shorts for now. Don't buy with this !! You might lose big !
Strategi Pine Script®
oleh lepstick
5
RSI and Smoothed RSI Bull Div Strategy [BigBitsIO]This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal. Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy. Explanation of all the inputs Take Profit %: % change in price from position entry where strategy takes profit Stop Loss %: % change in price from position entry where strategy stops losses RSI Lookback Period: # of candles used to calculate RSI Buy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if set Source of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below % Smoothed RSI Lookback Period: # of candles used to calculate RSI RSI Currently Below: Value the current RSI must be below to trigger a buy RSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback period RSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this value RSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this value Minimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buy Smoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy
Strategi Pine Script®
oleh BigBitsIO
4
BO - RSI - M5 BacktestingBO - RSI - M5 Backtesting -Rule of Strategy A. Data 1. Chart M5 IDC 2. Symbol: EURJPY B. Indicator 1. RSI 2. Length: 12 (adjustable) 3. Extreme Top: 75 (adjustable) 4. Extreme Bottom: 25 (adjustable) C. Rule of Signal 1. Put Signal * Rsi create a temporary peak over Extreme Top row61: peak_rsi= rsi >rsi and rsi >rsi and rsi rsi_top 2. Call Signal * Rsi create a temporary bottom under Extreme Bottom row62: bott_rsi= rsi rsi and rsi <rsi_bot D. Rule of Order 1. Only 1 trade opening 2. Stoploss: No trade open after 1 loss trade each day (number of loss trades adjustable) 3. Expiry: after 6 bars (number of bars adjustable)
Strategi Pine Script®
oleh inno14
2
GMS: RSI & ROC StrategyThis is a basic strategy like the RSI one I posted. This one adds in the Rate of Change indicator as well. You can separate the two for RSI only and ROC only. Everything else is the same as the RSI strategy. - Simple moving average trend filter. - Simple moving average trade exit. - Both long and short or each on it's own. The source code should be open if you want to see it or modify it for your own project. I hope it helps! Andre Global Market Signals
Strategi Pine Script®
oleh GlobalMarketSignals
GMS: RSI StrategyThis is just a basic RSI strategy that it easy to use and quite comprehensive so you can quickly test out an idea based on RSI. - I made it comprehensive in that you can select long, short, or both. - There is a simple moving average trend filter. You can filter for trades above, below, or don't include it at all. - The exit is based on a simple moving average. The source code should be open if you want to see it or modify it for your own project. I hope it helps! Andre Global Market Signals
Strategi Pine Script®
oleh GlobalMarketSignals
1