OPEN-SOURCE SCRIPT
Stochastic RSI Strategy (with SMA and VWAP Filters)
The strategy is designed to trade on the Stochastic RSI indicator crossover signals.
Below are all of the trading conditions:
-When the Stochastic RSI crosses above 30, a long position is entered.
-When the Stochastic RSI crosses below 70, a short position is entered.
-The strategy also includes two additional conditions for entry:
-Long entries must have a positive spread value between the 9 period simple moving average and the 21 period simple moving average.
-Short entries must have a negative spread value between the 9 period simple moving average and the 21 period simple moving average.
-Long entries must also be below the volume-weighted average price.
-Short entries must also be above the volume-weighted average price.
-The strategy includes stop loss and take profit orders for risk management:
-A stop loss of 20 ticks is placed for both long and short trades.
-A take profit of 25 ticks is placed for both long and short trades.
Below are all of the trading conditions:
-When the Stochastic RSI crosses above 30, a long position is entered.
-When the Stochastic RSI crosses below 70, a short position is entered.
-The strategy also includes two additional conditions for entry:
-Long entries must have a positive spread value between the 9 period simple moving average and the 21 period simple moving average.
-Short entries must have a negative spread value between the 9 period simple moving average and the 21 period simple moving average.
-Long entries must also be below the volume-weighted average price.
-Short entries must also be above the volume-weighted average price.
-The strategy includes stop loss and take profit orders for risk management:
-A stop loss of 20 ticks is placed for both long and short trades.
-A take profit of 25 ticks is placed for both long and short trades.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.