OPEN-SOURCE SCRIPT
Updated [KL] RSI 14 + 10 Strategy
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.
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
Read Faster & Learn Anything with Coral AI! getcoralai.com//?ref=dojiemoji
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.
Want to use this script on a chart?
Read Faster & Learn Anything with Coral AI! getcoralai.com//?ref=dojiemoji
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.