In order for the strategy to enter the trade, it must meet all of the conditions listed below:
RSI increases by 5
RSI is lower than 70
MA9 crosses above MA50
To exit a trade, the below condition must be met:
MA50 crosses above MA9
This strategy works well on LINK/USDT on the 1-day timeframe, MIOTA/USDT on the 2-hour timeframe, BTC/USDT on the 4-hour timeframe, and BEST/USDT on the 1-day timeframe (and 4h).
Back-tested from 1 January 2020.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
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.