ROBO_Trading

Noro's Hundred Strategy v1.0

Strategy uses:
1) Fast RSI (period = 7 bars)
2) Color of bars

Strategy

If RSI less than 30 is also 4 red candles in a row - to open long-position
If RSI more than 70 is also 4 green candles in a row - to open short-position

If long-position is open and there is 1 green candle - to close a position
If short-position is open and there is 1 red candle - to close a position

Only profit

Very dangerous thing! Strategy will close a position only if a position profitable. Most likely you will lose all money if you use this function.

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

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.

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