OPEN-SOURCE SCRIPT
Stoch-RSI 4h/1h/15min
!!!! Note: Run this on the 15min timeframe (Important) !!!!
Note the default settings on this indicator are best for BTC/USDT. For other pairs it might take some fiddling with variables to get a useful result (if a useful result is obtainable with the selected pair)
Generally, select between the options (RSI/Stoch) and (15min/1hour) and (1hour/4hours) - to find a strategy backtest result that is worth considering.
Only long positions are considered here (I tried shorts but could not get a credible backtest result with this approach).
This is an indicator which looks at RSI and StochRSI on the 15min, 1hour and 4hour timeframe.
The user can select a 15min/1hour option (RSI/Stoch) and then also a 1hour/4hour option (RSI/Stoch).
So there is one selection from a lower (15min/1hour) timeframe and another selection from a longer (1hour/4hour) timeframe.
The general idea is to, consider buying when, the lower timeframe (RSI/Stoch) is going upwards and also the longer timeframe (RSI/Stoch) is going upwards.
A good backtest result would suggest that the confluence in RSI/Stoch over the shorter and longer timeframes can estimate a good time to buy.
(Careful with a 1hour Stoch for the shorter timeframe variable as its possible to also select a 1hour Stoch for the longer timeframe variable.)
There are user set variables that can be set to avoid a buy signal, if either the lower or high timeframe variables are greater than.
For example, buying when a rsi/stoch is >65% might not be advisable as the rsi/stoch is most probably due for a downswing when above this value.
The strategy closes a position when either the shorter or longer timeframe variables no longer are going up.
There is also a take profit % which can be set to exit trades at a given %.
The default values on this indicator tool are for bitcoin, which shows a reasonable backtest result. - worth sharing on tradingview.
Please do get in touch for any additional information/suggestions.
Sincerely,
MoonFlag
Note the default settings on this indicator are best for BTC/USDT. For other pairs it might take some fiddling with variables to get a useful result (if a useful result is obtainable with the selected pair)
Generally, select between the options (RSI/Stoch) and (15min/1hour) and (1hour/4hours) - to find a strategy backtest result that is worth considering.
Only long positions are considered here (I tried shorts but could not get a credible backtest result with this approach).
This is an indicator which looks at RSI and StochRSI on the 15min, 1hour and 4hour timeframe.
The user can select a 15min/1hour option (RSI/Stoch) and then also a 1hour/4hour option (RSI/Stoch).
So there is one selection from a lower (15min/1hour) timeframe and another selection from a longer (1hour/4hour) timeframe.
The general idea is to, consider buying when, the lower timeframe (RSI/Stoch) is going upwards and also the longer timeframe (RSI/Stoch) is going upwards.
A good backtest result would suggest that the confluence in RSI/Stoch over the shorter and longer timeframes can estimate a good time to buy.
(Careful with a 1hour Stoch for the shorter timeframe variable as its possible to also select a 1hour Stoch for the longer timeframe variable.)
There are user set variables that can be set to avoid a buy signal, if either the lower or high timeframe variables are greater than.
For example, buying when a rsi/stoch is >65% might not be advisable as the rsi/stoch is most probably due for a downswing when above this value.
The strategy closes a position when either the shorter or longer timeframe variables no longer are going up.
There is also a take profit % which can be set to exit trades at a given %.
The default values on this indicator tool are for bitcoin, which shows a reasonable backtest result. - worth sharing on tradingview.
Please do get in touch for any additional information/suggestions.
Sincerely,
MoonFlag
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.