SparkyFlary

dirt cheap yet elegant RSI Strategy

For Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed.

This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a good way to show off a good looking strategy, atleast in paper, with minimal effort involved in the making and usage. It can be made with the most minimal lines of code if needed to bring shame unto others. It only works in a few markets and who knows if it will actually rebound from the overbought or oversold levels but in case it doesn't I put in a time-based stop to exit in case of that worst case scenario. There's not much to it, good for trolling others, or serious business, you decide.
Release Notes: fixed the time-based stop
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Comments

Sadly results are not reliable. Marks signal upon candle close yet calculated with the opening price of that candle.
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SparkyFlary RwTrades
@RwTrades, a lot of trading platforms do it this way. Thinkorswim doesn't do it anywhere near right be default. The rest usually take the order right at the open of the day after the day the condition was met. So instead of triggering at the end of the day at the close when the condition was met, they would usually make it trigger at the open of the next day. Is this how it's going for you on here? Tradingview is pretty strict about fudging with some of the default money settings on those open script strategies.
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