BigBitsIO

RSI and Smoothed RSI Bull Div Strategy [BigBitsIO]

This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal.

Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy.

Explanation of all the inputs

Take Profit %: % change in price from position entry where strategy takes profit
Stop Loss %: % change in price from position entry where strategy stops losses

RSI Lookback Period: # of candles used to calculate RSI
Buy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if set
Source of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below %
Smoothed RSI Lookback Period: # of candles used to calculate RSI
RSI Currently Below: Value the current RSI must be below to trigger a buy
RSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback period
RSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this value
RSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this value
Minimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buy
Smoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy
Remove from Favorite Scripts Add to favorite indicators
Like and follow!

💻 Website: https://www.bigbits.io
📺 YouTube: https://www.youtube.com/bigbits
🎮 Discord: https://discord.gg/rapMn4z
🐦 Twitter: https://twitter.com/BigBitsIO
💸 Save $30 on TradingView Paid Plan: https://bit.ly/2CaRfjs

Comments

Nice script, can i change it to sell orders as well?
+5 Reply
is this only buy trade?
+2 Reply
Nice script
+1 Reply
alguem sabe como inserir esse script no metatrader 5 ? quero fazer uns testes.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out