MTF Diagonally Layered RSI - 1 minute Bitcoin Bot [wbburgin]

wbburgin Mis à jour   
This is a NON-REPAINTING multi-timeframe RSI strategy (long-only) that enters a trade only when two higher timeframes are oversold. I wrote it on BTC/USD for 1min, but the logic should work on other assets as well. It is diagonally layered to be profitable for when the asset is in a downtrend.

Diagonal layering refers to entry and exit conditions spread across different timeframes. Normally, indicators can become unprofitable because in downtrends, the overbought zones of the current timeframe are not reached. Rather, the overbought zones of the faster timeframes are reached first, and then a selloff occurs. Diagonally-layered strategies mitigate this by selling diagonally, that is, selling once the faster timeframe reaches overbought and buying once the slower timeframe reaches oversold.

Thus this strategy is diagonally layered down. I may create a separate script that alternates between diagonal-up and diagonal-down based off of overall trend, as in extended trend periods up this indicator may not flash as frequently. This can be visualized in a time series x timeframe chart as an "X" shape. Something to consider...

Let me know if you like this strategy. Feel free to alter the pyramiding entries, initial capital, and entry size, as well as commission regime. My strategies are designed to maximize average profit instead of flashing super frequently, as the fees will eat you up. Additionally, at the time of publication, all of my strategy scripts are intended to have profitable Sharpe and Sortino ratios.

Timeframes, RSI period, and oversold/overbought bounds are configurable.
Notes de version:
Altered to align with Tradingview's method of non-repainting, see the link inside the script.
Notes de version:
Added another way to prevent repaint. The "Manual Calculation" will use the multiple between your current timeframe and your higher timeframes to calculate the RSI. Compare it with tradingview's default RSI - it is practically the same!

I set this new RSI setting as default. It should not repaint at ALL now because all higher TF RSI's are being calculated from the group up using timeframe multiples.
Notes de version:
Added short capabilities.
Notes de version:
Added timeframes above 4 hours to the manual calculation method.
Notes de version:
Changed tooltip message.
Notes de version:
Updated strat settings.
Notes de version:
I didn't have the input for the ema actually link to the ema calculation. Now it does.
Notes de version:
Option to go both long and short vs. just long is now in settings (for those in the comments wondering about changing the code).
Notes de version:
Added title to short trades.

Invite-only algorithms: www.patreon.com/wbburgin/membership

Use my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09

Contact me and I can build you a custom Tradingview-to-broker/exchange automation (via AWS).
Script open-source

Dans le véritable esprit de 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 le règlement. 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.

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