OPEN-SOURCE SCRIPT
2.5% Risk High Reward Strategy with Debugging
Key Features:
Loosened RSI Conditions: Adjusted to allow trades when RSI is below 50 (long) or above 50 (short).
Buy/Sell Labels: Visual labels added for buy and sell signals.
Stop-Loss (SL) and Take-Profit (TP): Dotted lines displayed for SL and TP levels.
Account Balance: Plots account balance over time for backtesting purposes.
Debugging Visuals: EMA, RSI, and volume threshold plotted to validate entry conditions.
Loosened RSI Conditions: Adjusted to allow trades when RSI is below 50 (long) or above 50 (short).
Buy/Sell Labels: Visual labels added for buy and sell signals.
Stop-Loss (SL) and Take-Profit (TP): Dotted lines displayed for SL and TP levels.
Account Balance: Plots account balance over time for backtesting purposes.
Debugging Visuals: EMA, RSI, and volume threshold plotted to validate entry conditions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.