This Bitcoin signal has a 71% winrate.
This signal purely based on RSI happened only 7 times on the daily chart history of BTCUSD.
The formula is the following:
RSI is at the 50 days lowest and is rising for 3 bars, and is lower than the 160 days RSI with 5 (as RSI value) added and RSI is below 37.5
Signal history:
3 April 2014: 46% move up
18 August 2014: fail
16 June 2018: 30% move up
27 November 2018: +200% move up
22 May 2021: 80% move up
13 December 2021: fail
26 August 2023: 173% move up
Total Winners * 100 / Total Trades = 5 * 100 / 7 = 71.4% Winrate
Average winning trade: +105.8%
Important Note: The rarity of the signal (only 7 times) induces that a small amount of backtest data, and should not be used as sole indicator in your trading.
The formula is the following:
RSI is at the 50 days lowest and is rising for 3 bars, and is lower than the 160 days RSI with 5 (as RSI value) added and RSI is below 37.5
Signal history:
3 April 2014: 46% move up
18 August 2014: fail
16 June 2018: 30% move up
27 November 2018: +200% move up
22 May 2021: 80% move up
13 December 2021: fail
26 August 2023: 173% move up
Total Winners * 100 / Total Trades = 5 * 100 / 7 = 71.4% Winrate
Average winning trade: +105.8%
Important Note: The rarity of the signal (only 7 times) induces that a small amount of backtest data, and should not be used as sole indicator in your trading.
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I am taking PineScript Commissions ✔
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