SoftKill21

Crypto ZigZag RSI strategy 15min

This strategy is designed for crypto markets like ETHUSD /T, BTCUSD /T and so on.

It works amazingly with 15 min time frames.

Its idea consists in :


We have the RSI indicator, and with it we check for the crossover with overbought and oversold levels. At the same time we have the zigzag which is made from the higher highs and the lower lows between a specific price movement in %.

For entries, they are going to be based on the crossover of rsi with overbought or oversold levels , combined together with cross over 0 line from the the zigzag .

At the same time the strategy has the posibility to go only long, only short or both.



Let me know if you have any questions.

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?
My official Telegram group: https://t.me/joinchat/HtsgpbpeF04kFw7i


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Comments

hey mate, closing out a long sends two signals, one that closes one and one that flips short

if people want both long and short their strategy code should look like:

if(longa)
strategy.entry("long",1,when=longc)
// strategy.close("long",when=shortc)
if(shorta)
strategy.entry("short",0,when=shortc)
// strategy.close("short",when=longc)

awesome work though, keep it up!
+6 Reply
hello i am new one here can you help me understand how to use it ?
Reply
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