OPEN-SOURCE SCRIPT
Wavefinder
Updated
I made this script to incorporate Stochastic RSI with EMA crossovers and VMACD, it is only to buy and sell (Users can modify it create shorts)
I personally recommend only using this when a downtrend reversal is imminent as it finds the bottom well. Signals generated on a downward moving StochRSI must be ignored. Used best with StochRSI and VMACD indicators.
Thanks to VMACD indicator by Lazy bear.
Use at your own discretion.
The strategy has not been tested in realtime trading, feel free to provide feedback upon use or tracking signals.
Strategy is timeframe dependent (Best at 30min, 2H and 4H) and incorporates risk management.
Modify it according to your wish, I'm just floating an idea which others can improve on.
Current equity usage is 10k and number of contracts is a quotient of the equity and price (adjusted so that all cryptos can be equally compared)
P.S - Also publishing this to make up for the repainting let down on the previous strategies, tried my best on this one.
*version3 used no repaints
I personally recommend only using this when a downtrend reversal is imminent as it finds the bottom well. Signals generated on a downward moving StochRSI must be ignored. Used best with StochRSI and VMACD indicators.
Thanks to VMACD indicator by Lazy bear.
Use at your own discretion.
The strategy has not been tested in realtime trading, feel free to provide feedback upon use or tracking signals.
Strategy is timeframe dependent (Best at 30min, 2H and 4H) and incorporates risk management.
Modify it according to your wish, I'm just floating an idea which others can improve on.
Current equity usage is 10k and number of contracts is a quotient of the equity and price (adjusted so that all cryptos can be equally compared)
P.S - Also publishing this to make up for the repainting let down on the previous strategies, tried my best on this one.
*version3 used no repaints
Release Notes
Script has been changed completely to Stochastic RSI based strategy.Release Notes
VMACD has been removed from script only Stochastic used now.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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