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RCI Strategy [PineIndicators]

RCI Strategy [PineIndicators]
This strategy leverages the Rank Correlation Index (RCI) — a statistical oscillator that measures the relationship between time and price rank — combined with a configurable moving average filter. It offers clean, rule-based entries and exits, and visually enhanced trade tracking via labeled markers and boxes on the chart.
The RCI Strategy is well-suited for momentum traders looking to capture directional shifts with confirmation through RCI smoothing.
Core Logic
1. Rank Correlation Index (RCI)
2. RCI Smoothing via Moving Average
Trade Entry Logic
Visual Features
RCI Panel Display
Trade Labels on Chart
Trade Visualization Boxes
Customization Parameters
Use Cases
Conclusion
The RCI Strategy [PineIndicators] is a non-repainting, rule-based trading model that combines rank correlation momentum with smoothed trend logic. Its clean visual markers, labeled trades, and flexible MA filters make it a valuable tool for discretionary and systematic traders alike.
This strategy leverages the Rank Correlation Index (RCI) — a statistical oscillator that measures the relationship between time and price rank — combined with a configurable moving average filter. It offers clean, rule-based entries and exits, and visually enhanced trade tracking via labeled markers and boxes on the chart.
The RCI Strategy is well-suited for momentum traders looking to capture directional shifts with confirmation through RCI smoothing.
Core Logic
1. Rank Correlation Index (RCI)
- Measures how closely price changes correlate with time rankings.
- Values range between -100 and +100.
- Thresholds at ±80 help identify potential reversals or extremes.
2. RCI Smoothing via Moving Average
- A moving average (MA) is applied to the RCI to smooth out fluctuations.
- Supported MA types:
SMA
EMA
SMMA (RMA)
WMA
VWMA - Users can disable the smoothing by selecting "None".
Trade Entry Logic
- Long Entry: RCI crosses above the selected moving average.
- Short Entry: RCI crosses below the moving average.
- Entries are restricted by trade direction settings:
- Long Only
- Short Only
- Long & Short
- Long Only
Visual Features
RCI Panel Display
- Plots RCI line and its moving average in a separate pane.
- Horizontal guide lines at 0, +80, and -80 help visualize signal zones.
Trade Labels on Chart
- Buy Label: Plotted when a long entry is executed.
- Close Label: Plotted when any position is closed.
- Triangle markers for visual emphasis on direction change.
Trade Visualization Boxes
- A colored box is drawn between entry and exit prices.
- Green = profitable trade; Red = losing trade.
- Two horizontal lines connect entry and exit prices for reference.
Customization Parameters
- RCI Source: Select input price for the RCI (default: close).
- RCI Length: Set sensitivity of the oscillator.
- MA Type and Length: Choose and configure the smoothing filter.
- Trade Direction Mode: Define whether to allow Long, Short, or both.
Use Cases
- Swing traders who want to trade directional reversals with statistical backing.
- Traders seeking a clean and visual strategy based on rank momentum.
- Environments where both trend and range dynamics occur.
Conclusion
The RCI Strategy [PineIndicators] is a non-repainting, rule-based trading model that combines rank correlation momentum with smoothed trend logic. Its clean visual markers, labeled trades, and flexible MA filters make it a valuable tool for discretionary and systematic traders alike.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。