sonnyparlin

TemaVWAPRSI Strategy

Exchange: Kraken
Timeframe: 5m
Pair: ETH/USD

If you use this for any other exchange or pair, you'll have to tweak the settings, most importantly are the trailing stop ticks. This strategy is currently in what I would call beta mode. It uses the volume weighted average price indicator, rate of change , two triple exponential moving averages and the relative strength index to find buy and sell signals.
Release Notes: Converted to pinescript v5
Release Notes: Simplified things and fixed some unintended behavior. Configured for BTCUSD on BINANCE, 5m candles.
Release Notes: Starting capitol is set to $1000.
Release Notes: Updated some initial values, added some small changes. Configured for bitcoin on binance, 5m candles.

Follow me down the rabbit hole: https://linktr.ee/sonnyparlin
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.

Want to use this script on a chart?