wielkieef

Rsi Machine [30MIN]

Hello

I have created a script with the RSI value being the main factor of action
this bot does best on BINANCE:BTCUSDTPERP

the way it works is quite simple, the bot has two conditions to open long and short positions

the first condition is to open positions that depend on indicators such as :

1) CLOUD - This is one of the newset indicators I'm using. This indicator helps strategy , this indicator is designed to indicate the correct market trend. By applying the great length of this indicator, I am able to notice a change in the trend a little later, but more accurately.
2) ADX - Is one of the most powerful and accurate trend indicators. ADX measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.
3) VOLUME - is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong volume bars.
4) MACD - Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .

based on the first condition, 50% of positions are opened, by keeping only 4 pointers to open a position here, I had to use quite high values ​​of the pointers strength
which means that other pairs will have to be re-optimized

The second condition for opening a position is the RSI value and the use of the rsi-vwap indicator
also here I had to adjust additional indicators to the rsi-vwap indicator in order to maintain the high quality of the signals

What is the Volume Weighted Average Price ( VWAP )?
VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded. That is, volume .

the second condition for opening a position uses indicators such as:

1) CLOUD - This is one of the newset indicators I'm using. This indicator helps strategy , this indicator is designed to indicate the correct market trend. By applying the great length of this indicator, I am able to notice a change in the trend a little later, but more accurately.
2) SAR - The parabolic SAR is a technical indicator used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. SAR supporting bot, to not open new trades when the trends are slowly changing
3)TREND INDICATOR - For the better view of a trend

the optimization is adjusted to a very low stop-loss (3.5%) , so you can use this bot with a stable leverage of 2.3 or 5x!

additionally, it has the possibility of spreading into target points which have a value of both 7.5 and 15%
after hitting 2 TP, about 33% of the original position waits for a new signal
it will allow me to keep my bot safer to use long term
Additionally, there is an option for "smart closes" this option closes positions when rsi is oversold or overbought
I played a little bit visually on the script, so you can see exactly the opening and closing moments
I hope the script will be useful;)

Enjoy !!!





















Release Notes: changed from 100% of equity to 1 contract

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.

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