OPEN-SOURCE SCRIPT

[KL] RSI 14 + 10 Strategy

Updated

This strategy uses RSI14 for entry and exit signals; applies RSI10 for confirmation. The thresholds can adjusted in Settings.
Trailing stop can also be applied if wanted.
Tested on daily/hourly charts.

Release Notes

Updates in version 2:
1) you can now set the ending period for your backtests
2) supports pyramiding

Release Notes

Included an Study script at the bottom of the Strategy script (Optional for backtesting).
If you want an indicator showing both RSI lines, you can copy that part out and paste it into a new Study script. Make sure to add it to your chart as a separate pane.

Release Notes

Fixed a bug

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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