OPEN-SOURCE SCRIPT
PSAR & RSI Strategy with Risk Management navin
✅ Custom Buy & Sell Conditions:
Buy: When price crosses above PSAR and RSI is oversold (<30)
Sell: When price crosses below PSAR and RSI is overbought (>70)
✅ Take Profit & Stop Loss Added:
Take Profit: +5% from the entry price (adjustable)
Stop Loss: -3% from the entry price (adjustable)
✅ Dynamic RSI Color Coding:
Green when RSI is oversold (<30)
Red when RSI is overbought (>70)
Blue in the neutral range
✅ Alerts for Trading Signals:
Sends alerts when buy/sell conditions trigger
✅ Strategy Execution for Backtesting:
Opens Long Trades when a buy signal appears
Closes Trade Automatically on a sell signal, take profit, or stop loss
Buy: When price crosses above PSAR and RSI is oversold (<30)
Sell: When price crosses below PSAR and RSI is overbought (>70)
✅ Take Profit & Stop Loss Added:
Take Profit: +5% from the entry price (adjustable)
Stop Loss: -3% from the entry price (adjustable)
✅ Dynamic RSI Color Coding:
Green when RSI is oversold (<30)
Red when RSI is overbought (>70)
Blue in the neutral range
✅ Alerts for Trading Signals:
Sends alerts when buy/sell conditions trigger
✅ Strategy Execution for Backtesting:
Opens Long Trades when a buy signal appears
Closes Trade Automatically on a sell signal, take profit, or stop loss
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.