OPEN-SOURCE SCRIPT
RSPS - ALTS Tournament
RSPS Tournament System Overview
The RSPS Tournament System is an advanced trading indicator designed to evaluate and rank a selection of 15 assets of your choosing, based on a series of meticulously defined criteria. This system integrates a comprehensive set of indicators and scoring mechanisms to identify the most promising assets for investment.
Indicators and Conditions:
- Beta & Alpha Ranking: Assets are ranked based on their Beta and Alpha values from 1 to 15.
- Dominance: This is assessed using the Z-score of the Rate of Change (ROC), with a specific -
condition set for values between -0.1 and 0.1.
- For Token, BTC, ETH & ETHUP Ratios: Three key indicators are applied:
- Z-score of Token: Evaluated with conditions set for values above and below 0.
- Correlation of BTC and ETH Average: Included as an indicator.
- HMA of Sharpe Ratio: Assessed with conditions for values above and below 0.
- HMA of Omega Z-score: Evaluated with conditions for values above and below 0.
Scoring System:
- Beta & Alpha: Assets ranked 1-6 receive a score of 1, while the rest are scored 0.
- Token and Ratios Indicators: The average of all indicators for each asset is calculated,
scoring 1 if the average is greater than 0.3.
- Correlation of BTC & ETH: Averages of both correlations are calculated, with a score of 1
awarded if the average is greater than 0.7.
- (Sharpe & Omega Ratio) | Dominance | Z-score: A score of 1 indicates a long position.
*Final Scoring & Weighting:
*
The RSPS Tournament System is an advanced trading indicator designed to evaluate and rank a selection of 15 assets of your choosing, based on a series of meticulously defined criteria. This system integrates a comprehensive set of indicators and scoring mechanisms to identify the most promising assets for investment.
Indicators and Conditions:
- Beta & Alpha Ranking: Assets are ranked based on their Beta and Alpha values from 1 to 15.
- Dominance: This is assessed using the Z-score of the Rate of Change (ROC), with a specific -
condition set for values between -0.1 and 0.1.
- For Token, BTC, ETH & ETHUP Ratios: Three key indicators are applied:
- RSI – EMA: A condition where the RSI is greater than both the RSI EMA and 50.
- Kijun Sen Base: Included as a core indicator.
- ROC of RSI: With a condition that ROC must be greater than 0.
- Z-score of Token: Evaluated with conditions set for values above and below 0.
- Correlation of BTC and ETH Average: Included as an indicator.
- HMA of Sharpe Ratio: Assessed with conditions for values above and below 0.
- HMA of Omega Z-score: Evaluated with conditions for values above and below 0.
Scoring System:
- Beta & Alpha: Assets ranked 1-6 receive a score of 1, while the rest are scored 0.
- Token and Ratios Indicators: The average of all indicators for each asset is calculated,
scoring 1 if the average is greater than 0.3.
- Correlation of BTC & ETH: Averages of both correlations are calculated, with a score of 1
awarded if the average is greater than 0.7.
- (Sharpe & Omega Ratio) | Dominance | Z-score: A score of 1 indicates a long position.
*Final Scoring & Weighting:
*
- Assets achieving a score of 8 or more are considered to have passed the tournament, with their weightings equally allocated.
Important Notice:- The system's indicators have been optimized specifically on SOL, chosen for parameters that offer minimal drawdown across most assets.
- All indicators have undergone backtesting with a focus on LONG ONLY strategies.
- The system's indicators have been optimized specifically on SOL, chosen for parameters that offer minimal drawdown across most assets.
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 constituyen, ni deben considerarse como 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 constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.