hamster-bot RSI Algo — Strategy by hamster-bot

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This is a simple RSI based signal indicator. It is designed for algorithmic bot trading.

For best results, leave a time-frame of at least 1 hour.

When the RSI reaches 70, it gives a buy signal, and when the RSI reaches 30, it gives a sell signal. The position is then maintained until the opposite signal is given. If backtesting shows poor results, but looks like the opposite would be good, there is a simple switch in the settings to turn it over.

original indicator on the basis of which the strategy is made:

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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