OPEN-SOURCE SCRIPT
RSI Trend Strategy
This script uses the logic that within a trending market, there is no such thing as overbought and oversold..
BUY / SELL alert triggers when ADX > 100, and RSI is > 70 (buy) or < 30 (sell). I only consider taking a trade when BUY / SELL alert is triggered, but also only when there is a clear strong trend (you can use MA or Price Action for this). The logic does not work when market is not trending!
Test it out and let me know how it is working for you.
BUY / SELL alert triggers when ADX > 100, and RSI is > 70 (buy) or < 30 (sell). I only consider taking a trade when BUY / SELL alert is triggered, but also only when there is a clear strong trend (you can use MA or Price Action for this). The logic does not work when market is not trending!
Test it out and let me know how it is working for you.
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。