PROTECTED SOURCE SCRIPT
Updated RSI + BB strategy
Bollinger Bands 20/2.5 + RSI 20-day 25/75
[Automatic entry is enabled. Please enter after seeing the signal.]
Long = Enter a long position when the price breaks below the Bollinger Band, the candlestick closes, and the RSI is below 25.
Short = Enter a short position when the price breaks above the Bollinger Band, the candlestick closes, and the RSI is above 75.
[Based on spot market; multiplied by a multiple for futures.]
Take profit = Default setting: Take profit when profit is +4%. For safety, sell half of the position when profit is +2% to break even.
Lower average: -5% loss. If the RSI is 20/80, use the lower average. Sell the remaining amount when the price returns to its original price.
Based on 5-minute and 15-minute charts
Otherwise, signals will be difficult to obtain. For charts longer than 1 hour, adjust RSI and BB appropriately.
[Automatic entry is enabled. Please enter after seeing the signal.]
Long = Enter a long position when the price breaks below the Bollinger Band, the candlestick closes, and the RSI is below 25.
Short = Enter a short position when the price breaks above the Bollinger Band, the candlestick closes, and the RSI is above 75.
[Based on spot market; multiplied by a multiple for futures.]
Take profit = Default setting: Take profit when profit is +4%. For safety, sell half of the position when profit is +2% to break even.
Lower average: -5% loss. If the RSI is 20/80, use the lower average. Sell the remaining amount when the price returns to its original price.
Based on 5-minute and 15-minute charts
Otherwise, signals will be difficult to obtain. For charts longer than 1 hour, adjust RSI and BB appropriately.
Release Notes
This strategy is currently incomplete. The automated trading logic hasn’t been fully implemented yet, so it’s best to take profits and cut losses manually.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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 – 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.