This strategy is based on the RSI+CMO Hybrid Index I created. I modified both the original RSI and CMO so that the RSI+CMO Index value ranges from -100 to +100 and defined as follows. When the RSI+CMO Hybrid Index values close above the Bull Level and below the Bear Level, the strategy will trigger long and short signals respectively. This newly defined hybrid RSI+CMO indicator showed better win rates and better profits than the original CMO strategy. The default setting for this strategy is optimized for an 8-hour candle. For candles at different times, try to find the optimal value yourself. * I was going to open the script, but recently there was a case of stealing my script and publishing it without permission, so I decided not to disclose it.
▶ Modified RSI = Original RSI - 50 Therefore, Original RSI (0 ~ 100) → Modified RSI (-50 ~ +50)
▶ Modified CMO = Original CMO * 0.5 Therefore, Original CMO (-100 ~ +100) → Modified CMO (-50 ~ +50)