MoonFlag

Stoch-RSI 4h/1h/15min

!!!! Note: Run this on the 15min timeframe (Important) !!!!
Note the default settings on this indicator are best for BTC /USDT. For other pairs it might take some fiddling with variables to get a useful result (if a useful result is obtainable with the selected pair)
Generally, select between the options ( RSI / Stoch ) and (15min/1hour) and (1hour/4hours) - to find a strategy backtest result that is worth considering.

Only long positions are considered here (I tried shorts but could not get a credible backtest result with this approach).

This is an indicator which looks at RSI and StochRSI on the 15min, 1hour and 4hour timeframe.

The user can select a 15min/1hour option ( RSI / Stoch ) and then also a 1hour/4hour option ( RSI / Stoch ).

So there is one selection from a lower (15min/1hour) timeframe and another selection from a longer (1hour/4hour) timeframe.

The general idea is to, consider buying when, the lower timeframe ( RSI / Stoch ) is going upwards and also the longer timeframe ( RSI / Stoch ) is going upwards.

A good backtest result would suggest that the confluence in RSI / Stoch over the shorter and longer timeframes can estimate a good time to buy.

(Careful with a 1hour Stoch for the shorter timeframe variable as its possible to also select a 1hour Stoch for the longer timeframe variable.)

There are user set variables that can be set to avoid a buy signal, if either the lower or high timeframe variables are greater than.
For example, buying when a rsi / stoch is >65% might not be advisable as the rsi / stoch is most probably due for a downswing when above this value.

The strategy closes a position when either the shorter or longer timeframe variables no longer are going up.

There is also a take profit % which can be set to exit trades at a given %.

The default values on this indicator tool are for bitcoin , which shows a reasonable backtest result. - worth sharing on tradingview.

Please do get in touch for any additional information/suggestions.

Sincerely,
MoonFlag
Mã nguồn mở

Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?