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bennef

Stochastic CCI BF 🚀

bennef  
Stochastic RSI (STOCH RSI)
374
3
stochasticrsi
Simply a Stochastic RSI and CCI mix with a Rate of Change filter to stay out of choppy sideways markets.

SIGNALS
  • For a long signal we need both the CCI above 0 and the stochastic line to be higher than the last candle.
  • For a short signal we need both the CCI below 0 and the stochastic line to be lower than the last candle.

INSTRUCTIONS
Pay attention to the background color.
  • Green = go long
  • Red = go short
  • White = no trade

RISK
We use a simple 3% stop loss.
If we get stopped out, we wait for the next signal before re-entering.

Tested on XBTUSD BitMex Daily chart.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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