When RSIofVwap crossover 70 and price is above ema200
when RSIofVwap reaches 90 level take a portion of profit
When RSIofVwap crossdown 30
defaulated to 5%
Defaulted to 10%. Based on this startegy calcuclates hiw many units can be purchased adhering to stoploss value
Note: code doesnt draw the ( ) indicator to the chart. if you want to see how these signals are generated , you can select and of 14 period length.
For educational purposes only
2. Take Partial profits parameter added
3. Profit / Loss points added in comments section
Note : RSI 14 (source vwap) is not added / drawn to the chart. If you want to see how the signals are generated add vwap and RSI 14, then change the RSI source to vwap.
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.
I never tried auto trading.
On Tradingview I see there is trading panel tab. Check if they have any auto trading videos ...
Yes I am working on strategy for shorting. I have to find good winning rate with nice profit factor. Then I will publish that ...