OPEN-SOURCE SCRIPT
RSI (Any Source) Strategy
This is a simple RSI crossover/crossunder strategy. It calculates RSI on a user-selected Source (default close) using the chosen Length (default 14). It enters a long when RSI crosses up through the Oversold level (default 30), and enters a short when RSI crosses down through the Overbought level (default 70). It does not include explicit exits—each new signal effectively flips/replaces the position via a new entry.
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.
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.
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.