GMS: RSI Strategy by GlobalMarketSignals

relativestrengthindex simplemovingaverage systemtrading algorithm swingtrading

This is just a basic RSI strategy that it easy to use and quite comprehensive so you can quickly test out an idea based on RSI.

- I made it comprehensive in that you can select long, short, or both.

- There is a simple moving average trend filter. You can filter for trades above, below, or don't include it at all.

- The exit is based on a simple moving average.

The source code should be open if you want to see it or modify it for your own project. I hope it helps!

Andre
Global Market Signals

Release Notes:

I just added in a % profit target and % stop loss. Each has an on/off switch so you can test each other together or independently!

I hope it helps,

Andre

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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