OPEN-SOURCE SCRIPT

GMS: RSI Strategy

Updated
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
algorithmRelative Strength Index (RSI)Simple Moving Average (SMA)swingtradingsystemtrading

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 publication is governed by House rules. You can favorite it to use it on a chart.

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