OPEN-SOURCE SCRIPT
Updated

Data Trader Stoch | RSI | MACD Strategy Indicator

Implementation of Data Trader's strategy, described in the youtube video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy (Proven 100x)"
Also see Algovibes' video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy? Testing Data Traders strategy in Python"

Note: Despite the claims, it generates barely, if any, signals, certainly in the crypto markets
If there are any mistakes, give feedback in the comments, and I'll fix

### Strategy Summary ###

# Long Signals #
Stoch K and D are oversold
RSI above midline
MACD above signal line

# Short Signals #
Stoch K and D are overbought
RSI below midline
MACD below signal line

# Stop loss and Take Profit #
Stop loss
Longs: below last swing low
Shorts: above last swing high
Take profit at 1.5x stop loss
Release Notes
Versions
1.0
1.1 - update chart on published script page
Release Notes
// 1.2 - move show stoch / RSI / MACD options to the top

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.