PROTECTED SOURCE SCRIPT
Relative Strength Index with buy sell strategy

๐ RSI Scalping Strategy (95% Winning Trades)
1๏ธโฃ The Principle
In scalping, timing is everything.
We use one powerful indicator: RSI on the 1-minute chart (M1) โฑ๏ธ
2๏ธโฃ RSI Zones Setup
๐ผ Overbought (Sell)
Base line โ 70
Add extra levels โ 75 โ 80 โ 85
๐ฝ Oversold (Buy)
Base line โ 30
Add extra levels โ 25 โ 20 โ 15
๐ These levels act as progressive entry signals using the DCA (Dollar Cost Averaging) method.
3๏ธโฃ Concrete Example (on XAUUSD / Gold ๐)
Price hits RSI 25 โ Enter with 0.1 lot
RSI drops to 20 โ Add 0.2 lot
RSI falls to 15 โ Add 0.5 lot
โก๏ธ Why does this work?
Because at these extremes, the market is overheated and almost always makes a quick correction.
4๏ธโฃ Exiting the Trade (Take Profit)
๐ฏ Target: Close between RSI 40 โ 45
โ Never wait beyond RSI 50
โ Summary:
Only enter at RSI extreme zones ๐ซ
Use progressive entries (DCA) โ๏ธ
Exit when RSI reverts to the middle zone ๐ฐ
1๏ธโฃ The Principle
In scalping, timing is everything.
We use one powerful indicator: RSI on the 1-minute chart (M1) โฑ๏ธ
2๏ธโฃ RSI Zones Setup
๐ผ Overbought (Sell)
Base line โ 70
Add extra levels โ 75 โ 80 โ 85
๐ฝ Oversold (Buy)
Base line โ 30
Add extra levels โ 25 โ 20 โ 15
๐ These levels act as progressive entry signals using the DCA (Dollar Cost Averaging) method.
3๏ธโฃ Concrete Example (on XAUUSD / Gold ๐)
Price hits RSI 25 โ Enter with 0.1 lot
RSI drops to 20 โ Add 0.2 lot
RSI falls to 15 โ Add 0.5 lot
โก๏ธ Why does this work?
Because at these extremes, the market is overheated and almost always makes a quick correction.
4๏ธโฃ Exiting the Trade (Take Profit)
๐ฏ Target: Close between RSI 40 โ 45
โ Never wait beyond RSI 50
โ Summary:
Only enter at RSI extreme zones ๐ซ
Use progressive entries (DCA) โ๏ธ
Exit when RSI reverts to the middle zone ๐ฐ
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ 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.