OPEN-SOURCE SCRIPT
ADX + RSI Strat
Updated
// This is a strategy that uses the 7 Period RSI to buy when the indicator is shown as oversold (OS) and sells when
// the index marks overbought (OB). It also uses the ADX to determine whether the trend is ranging or trending
// and filters out the trending trades. Seems to work better for automated trading when the logic is inversed (buying OB
// and selling the OS) wihout stop loss.
// the index marks overbought (OB). It also uses the ADX to determine whether the trend is ranging or trending
// and filters out the trending trades. Seems to work better for automated trading when the logic is inversed (buying OB
// and selling the OS) wihout stop loss.
Release Notes
Added an input to close the trades when the ADX is above certain levelRelease Notes
Fixed minor detailsRelease Notes
Added RSI to the chartRelease Notes
Changed Initial Capital amount and some levelsOpen-source script
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