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Rsi2

Estrategia Larry Connors [JoseMetal]============ ENGLISH ============ - Description: This strategy is based on the original Larry Connors strategy, using 2 SMAs and RSI. The strategy has been optimized for better total profit and works better on 4H (tested on BTCUSDT). LONG: Price must be ABOVE the slow SMA. When a candle closes in RSI oversold area, the next candle closes out of the oversold area and the closing price is BELOW the fast SMA = open LONG. LONG is closed when a candle closes ABOVE the fast SMA. SHORT: Price must be BELOW the slow SMA. When a candle closes in RSI overbought area, the next candle closes out of the overbought area and the closing price is ABOVE the fast SMA = open SHORT. SHORT is closed when a candle closes BELOW the fast SMA. *Larry Connor's strategy does NOT use a fixed Stop Loss or Take Profit, as he said, that reduces performance significantly. - Visual: Both SMAs (fast and slow) are shown in the chart. By default, the fast SMA is aqua color, the slow changes between green and red depending on the "trend" (price over slow SMA = bullish, below = bearish). RSI can't be shown because TradingView doesn't allow to show both overlay and panel indicators, so candles get a RED color when RSI is in OVERBOUGHT area and GREEN when they're on OVERSOLD area to help with that. Background is colored when conditions are met and a position is going to be open, green for LONGs red for SHORTs. - Usage and recommendations: As this is a coded strategy, you don't even have to check for indicators, just open and close trades as the strategy shows. The original strategy uses a 5 period SMA instead of the 10, and 10/90 for oversold/overbought levels, this has been optimized after the testings and results but feel free to change settings and test by yourself. Also, the original strategy was developed for daily, but seems to work better en 4H. - Customization: As usual I like to make as many aspects of my indicators/strategies customizable, indicators, colors etc., feel free to ask if you feel that something that should be configurable is missing or if you have any ideas to optimize the strategy. ============ ESPAÑOL ============ - Descripción: Esta estrategia está basada en la estrategia original de Larry Connors, utilizando 2 SMAs y RSI. La estrategia ha sido optimizada para un mejor beneficio total y funciona mejor en 4H (probado en BTCUSDT). LONG: El precio debe estar por encima de la SMA lenta. Cuando una vela cierra en la zona de sobreventa del RSI, la siguiente vela cierra fuera de la zona de sobreventa y el precio de cierre está POR DEBAJO de la SMA rápida = abre LONG. Se cierra cuando una vela cierra POR ENCIMA de la SMA rápida. SHORT: El precio debe estar POR DEBAJO de la SMA lenta. Cuando una vela cierra en la zona de sobrecompra del RSI, la siguiente vela cierra fuera de la zona de sobrecompra y el precio de cierre está POR ENCIMA de la SMA rápida = abre SHORT. Se cierra cuando una vela cierra POR DEBAJO de la SMA rápida. *La estrategia de Larry Connor NO utiliza un Stop Loss o Take Profit fijo, como él dijo, eso reduce el rendimiento significativamente. - Visual: Ambas SMAs (rápida y lenta) se muestran en el gráfico. Por defecto, la SMA rápida es de color aqua, la lenta cambia entre verde y rojo dependiendo de la "tendencia" (precio por encima de la SMA lenta = alcista, por debajo = bajista). El RSI no puede mostrarse porque TradingView no permite mostrar tanto los indicadores superpuestos como los del panel, así que las velas obtienen un color ROJO cuando el RSI está en el área de SOBRECOMPRA y VERDE cuando están en el área de VENTA para ayudar a ello. El fondo se colorea cuando se cumplen las condiciones y se va a abrir una posición, verde para LONGs rojo para SHORTs. - Uso y recomendaciones: Como se trata de una estrategia ya programada, ni siquiera hay que comprobar los indicadores, sólo hay que abrir y cerrar las operaciones tal y como muestra la estrategia en el gráfico. La estrategia original utiliza una SMA de 5 periodos en lugar de 10, y 10/90 para los niveles de sobreventa/sobrecompra, esto ha sido optimizado después de las pruebas y los resultados, pero sé libre de cambiar la configuración y probarla por sí mismo. Además, la estrategia original fue desarrollada para diario, pero parece funcionar mejor en 4H. - Personalización: Como siempre me gusta hacer personalizables todos los aspectos de mis indicadores/estrategias, indicadores, colores, etc., preguntar si notas que falta algo que debería ser configurable o si tienes alguna idea para optimizar la estrategia.
Pine Script™ strategy
by JoseMetal
14
Scalping using RSI 2 indicator with TSLThis strategy implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs ( EMA or SMA ) having different lengths (by default, I use 50 and 200). A trailing stop loss (%) is used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short Exit conditions: .) Long entry condition is true and (close >= TP or close <= TSL ) ----> close short position .) Short entry condition is true and (close <= TP or close >= TSL ) ----> close long position The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending. Works best on 3h - 4h time frame. There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal. Note: .) the RSI length is 2; .) the oversold Threshold is 90%; .) the overbought Threshold is 10%; .) by default, the trailing stop loss per cent is 1%; .) by default, the fast MA length is 50; .) by default, the slow MA length is 200; .) by default, the MA used is EMA. Cheers.
Pine Script™ strategy
by Ninorigo
17
IFR 2 Stormer RSI 2STORMER's IFR 2 strategy or if you prefer RSI 2. It consists of a trader technique known as STORMER. This strategy works preferentially in the daily period. But it does not prevent it from being used in other periods. Dissecting the strategy: Buy when 2-Period IFR smaller Oversold n periods in example 10. And close the trade when the price reaches the maximum of the last 2 periods. A 200 period filter is also used. Everything can be changed IFR (RSI), Stop high n periods, sma. A estratégia IFR 2 do STORMER ou se preferir RSI 2. Consiste em uma técnica do trader conhecido como STORMER. Esta estrategia funciona preferencialmente no periodo diario. Mas não impede de ser usado em outros periodos. Dissecando a estratégia: Comprar quando IFR de 2 Períodos menor Oversold "Sobrevendido" n períodos no exemplo 10. E encerrar o trade quando o preço atingir a máxima dos últimos 2 periodos. É usado também um filtro sma 200 períodos. Tudo pode ser alterado IFR(RSI), Stop high n períodos, sma.
Pine Script™ strategy
by Patolino1
12
RSI-RENKO Divine Strategy (Backtesting)Live, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions. - Features - Live entry direction with trade warnings and alerts Live trade building buy and sell limits (for buy/sell limits) Entry location icons as well as pyramid entries (to add to existing position) Swing trades that keep you in the trade for the maximum possible profit 1 scalp target based on the RSI settings and entry location Dynamic trailing stop for swings and scalps Alert conditions for every update and condition change of the strategy (Provided by indicator study) 4 pre-built color themes, including candlestick coloring This strategy is best used with the companion indicators: Renko RSI and Renko Trend Momentum using the identical RSI and Trend settings. The linked script is identical and used solely for alerts, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. The approach to this strategy uses several parallel trades of different types. In order to generate multiple trade types the "pyramid trades" setting of the strategy (second tab of the settings that lets you adjust the number of pyramid contracts) should be used. - Trade Types - Swing: This trade is entered on the solid arrows after the RSI has become oversold or overbought. It is key that all trades wait for some degree of pullback before entering, even after the trend flips between positive and negative. This trade is held until stopped out or an opposite trade is triggered that reverses the position. Scalp: These trades have a limit buy/sell entry and a target. The initial target is the opposing RSI overbought or oversold level and changes in real time. Turning on/off the different trade types (strategy only) is simple done by decreasing the number of contracts used for that trade type to zero. When the quantity is set to zero, that trade is not considered. - Session - The session filter is used to narrow trade executions by only allowing trades that are inside the session boundaries. This can be used to isolate the London or New York session for example. The default is 24 x 7 which filters no trades (Trading View has a bug when resetting this, so simply reset the indicator to get it back to 24x7). Please see the following 3 videos introducing the concept of this strategy. All feature requests or bug reports are welcome either by direct messaging or comments on this page or the linked indicator page. Please PM for access. Cheers.
Pine Script™ strategy
by mortdiggiddy
32