StochRSI and RSI Strategy
It also uses the RSI to determine a profit taking point or exit point from the trade.
This version doesn't have a stop loss other than the signal to trade the opposing direction. Therefore it is more effective in higher trading time frames like Daily and Weekly.
I have also added the function of selecting the time frame for which the strategy is applied to.
NB: Be aware that while the strategy tester shows a very positive result by back testing it doesn't mean it will have the same results in the future.
I created this strategy for my own personal coding education and it shouldn't be used as financial advice.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Bluephantom directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Bluephantom directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.