exlux99

Crypto RSI with RVI Strategy

This is a long only strategy adapted for crypto market.

Its idea is to take the most juice out of a long trend and cut the losses as soon as possible.

For this , its components are RSI with a very big length - 100 or 200 preferably and RVI.

Rules for entry
If RVI is in the buy zone and we have a crossover from RSI with the overbought level.


Rules for exit
With change condition : If RVI is in the sell zone and we have a cross under from RSI with the oversold level.
With stop loss : we have a SL based on movement in % of the price, recommendable between 5-10%.


If you have any questions let me know !

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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