OPEN-SOURCE SCRIPT
RSI Crossover Strategy (Anmol Mittal - Trading Chanakya)
Here’s a strategy that enters a trade when the RSI (14) is higher than the RSI SMA (14) on the monthly time frame, and exits the trade when the opposite is true (i.e., RSI crosses below RSI SMA). The strategy is designed to run on any chart, but it checks conditions based on the monthly timeframe.
We'll start with ₹1,00,000 capital and dynamically calculate the quantity of shares to purchase based on the current capital and asset price.
After each trade, we'll update the remaining capital to reflect the new balance (i.e., profit/loss) and compound it for the next trade.
Developed By - Anmol Mittal (Trading Chanakya)
We'll start with ₹1,00,000 capital and dynamically calculate the quantity of shares to purchase based on the current capital and asset price.
After each trade, we'll update the remaining capital to reflect the new balance (i.e., profit/loss) and compound it for the next trade.
Developed By - Anmol Mittal (Trading Chanakya)
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 publication is governed by House rules. You can favorite it to use it on a chart.
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