Customizable RSI/StochRSI Double Confirmation

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Below are the key adjustable parameters in the script and their usage:

RSI Parameters
RSI Length: The number of periods used to calculate the RSI, with a default value of 7. Adjusting this parameter changes the sensitivity of the RSI—shorter periods make it more sensitive, while longer periods make it smoother.
RSI Source: The price source used for RSI calculation, defaulting to the closing price (close). This can be changed to the opening price or other price types as needed.

StochRSI Parameters
StochRSI Length: The number of periods used to calculate the StochRSI, with a default value of 5. This affects how quickly the StochRSI reacts to changes in the RSI.
StochRSI Smooth K: The smoothing period for the StochRSI %K line, with a default value of 3. This is used to reduce noise.
StochRSI Smooth D: The smoothing period for the StochRSI %D line, with a default value of 3. It works in conjunction with %K to provide more stable signals.

Signal Thresholds
RSI Buy Threshold: A buy signal is triggered when the RSI crosses above this value (default 20).
RSI Sell Threshold: A sell signal is triggered when the RSI crosses below this value (default 80).
StochRSI Buy Threshold: A buy signal is triggered when the StochRSI %K crosses above this value (default 20).
StochRSI Sell Threshold: A sell signal is triggered when the StochRSI %K crosses below this value (default 80).

Signals
RSI Buy/Sell Signals: When the RSI crosses the buy/sell threshold, a green "RSI Buy" or red "RSI Sell" is displayed on the chart.
StochRSI Buy/Sell Signals: When the StochRSI %K crosses the buy/sell threshold, a yellow "StochRSI Buy" or purple "StochRSI Sell" is displayed.
Double Buy/Sell Signals: When both RSI and StochRSI simultaneously trigger buy/sell signals, a green "Double Buy" or red "Double Sell" is displayed, indicating a stronger trading opportunity.

The volatility of different cryptocurrencies varies, and different parameters may be suitable for each. Users need to experiment and select the most appropriate parameters themselves.

Disclaimer: This script is for informational purposes only and should not be considered financial advice; use it at your own risk.

2 thg 4

Phát hành các Ghi chú

Below are the key adjustable parameters in the script and their usage:

RSI Parameters
RSI Length: The number of periods used to calculate the RSI, with a default value of 7. Adjusting this parameter changes the sensitivity of the RSI—shorter periods make it more sensitive, while longer periods make it smoother.
RSI Source: The price source used for RSI calculation, defaulting to the closing price (close). This can be changed to the opening price or other price types as needed.

StochRSI Parameters
StochRSI Length: The number of periods used to calculate the StochRSI, with a default value of 5. This affects how quickly the StochRSI reacts to changes in the RSI.
StochRSI Smooth K: The smoothing period for the StochRSI %K line, with a default value of 3. This is used to reduce noise.
StochRSI Smooth D: The smoothing period for the StochRSI %D line, with a default value of 3. It works in conjunction with %K to provide more stable signals.

Signal Thresholds
RSI Buy Threshold: A buy signal is triggered when the RSI crosses above this value (default 20).
RSI Sell Threshold: A sell signal is triggered when the RSI crosses below this value (default 80).
StochRSI Buy Threshold: A buy signal is triggered when the StochRSI %K crosses above this value (default 20).
StochRSI Sell Threshold: A sell signal is triggered when the StochRSI %K crosses below this value (default 80).

Signals
RSI Buy/Sell Signals: When the RSI crosses the buy/sell threshold, a green "RSI Buy" or red "RSI Sell" is displayed on the chart.
StochRSI Buy/Sell Signals: When the StochRSI %K crosses the buy/sell threshold, a yellow "StochRSI Buy" or purple "StochRSI Sell" is displayed.
Double Buy/Sell Signals: When both RSI and StochRSI simultaneously trigger buy/sell signals, a green "Double Buy" or red "Double Sell" is displayed, indicating a stronger trading opportunity.

The volatility of different cryptocurrencies varies, and different parameters may be suitable for each. Users need to experiment and select the most appropriate parameters themselves.

Disclaimer: This script is for informational purposes only and should not be considered financial advice; use it at your own risk.