SoftKill21

Double RSI + Fisher strategy

This is a strategy suited for big timeframes.

Components
  • RSI 6
  • RSI 14
  • Fisher

RSI 6 is fast and reacts with current price action very quickly.
On the other hand, RSI 14 reacts more slowly to the price movements.
RSI level at 70 is the overbought condition and at 30 level is considered as oversold condition of the market. RSI value positive signals the bullish force and a negative value is interpreted as the bearish thrust of the market momentum.


FX Fisher: It is a momentum oscillator. Its value is positive and rising means the momentum is bullish and a negative value with a falling pattern signals the bearish momentum is still intact.


Rules for entry :

  • Long
Fisher > 0 and cross over RSI fast over RSI slow



  • Short
Fisher < 0 and crossunder RSI fast over RSI slow


It has no risk management integrated so be careful with it
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 website: https://www.atraderlife.com/

Telegram group: https://t.me/atrader_life

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