RSI of VWAP

This strategy inputs the vwap as source to RSI indicator.

ENTRY
When RSIofVwap crossover 70 and price is above ema200

partial exits
when RSIofVwap reaches 90 level take a portion of profit

Exit
When RSIofVwap crossdown 30

stoploss
defaulated to 5%

Risk Level
Defaulted to 10%. Based on this startegy calcuclates hiw many units can be purchased adhering to stoploss value

Note: code doesnt draw the RSI (vwap) indicator to the chart. if you want to see how these signals are generated , you can select RSI and VWAP of 14 period length.

warning
For educational purposes only

Notes de version

1. I have noticed selling on RSiofVWAP 90 level reading produces more winning trades. Earlier version had sell level 30 , that has been changed / defaulted to 90

2. Take Partial profits parameter added

3. Profit / Loss points added in comments section

Note : RSI 14 (source vwap) is not added / drawn to the chart. If you want to see how the signals are generated add vwap and RSI 14, then change the RSI source to vwap.

Script open-source

Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.

eemani123

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Script open-source

eemani123

Aussi sur: