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
Notas de prensa
⋅
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.
Hi, thank you very much for your post!
I am new in coding and trading, i really found your script is easy to understand but powerful.
Would it be possible to start the starting date as you wish instead of always from the start of the history?
mohanee
⋅
mohanee
⋅
Hi guys
Just noticed that RSI buy line setting 80 or 85 are producing better results than 70.
Net profit is high and number of bars are less. Check it out with 80 or 85 and provide your comments / feedback.
Please note don't go beyond 85 , as exit line is at 90.
pedramna2001
⋅
thank you for script, i run this script on Tradingview but does not trade automatically on real time .. how can i automate my trades ?!
I am new in coding and trading, i really found your script is easy to understand but powerful.
Would it be possible to start the starting date as you wish instead of always from the start of the history?