Backtest script based on the previous RSI-VWAP indicator:

It's the popular RSI indicator with VWAP as a source instead of close:
- RSI_VWAP = rsi ( vwap (close), RSI_VWAP_length)

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.

Trades are laddered to improve the average entry price and each entry is increased, improving the entry but increasing the risk of being liquidated.

It can be easily converted to study (alerts)

Settings for BINANCE:BTCUSDT at 30m

Another sub-level of overbought and oversold has been added for more possible entries.
A condition has been added so that each entry is better than the previous one according with the average price of the position.
The closing percentage for the Take Profit has been added.
Bulls and bears can be activated independently or all at once.

Happy Trading...

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。