SB_CM_RSI_2_Strategy_Version 2.0 by SudeepBisht

relativestrengthindex simplemovingaverage movingaverage

(New: Profit booking present which is not present in the previous indicator)

The strategy is based on the indicator posted by @ChrisMoody "CM RSI-2 Strategy Lower Indicator" which is based on "Larry Connors RSI-2 Strategy - Lower RSI"

In this strategy, the longs are placed when a green color is encountered in the rsi in the previous candle and short when the red color is encountered in the rsi.

Although the profits are booked when the rsi crossover the 10 level mark or crossunder the 90 level mark.

Just message in the script if you have any different idea regarding this indicator.

For the original indicator you can refer to :

For Tips to continue :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4

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.

Disclaimer

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