OPEN-SOURCE SCRIPT
ULTIME RSI Buy/Sell 70%- by Baptiste Impact trading
Conditions for Buy/Sell:
1: Do not take trades when the RSI curve is flat (even if there is an indication).
2: Place the stop-loss (SL) a few points above the relevant candle.
3: Use a 2:1 risk-reward (RR) ratio and set break-even (BE) at the entry price once RR1 is reached.
4: Take partial profit at RR2 with 50% closure and let the remaining position run. Cut if there is a change in direction.
Your indicator "Baptiste ULTIME RSI Buy/Sell 70%- Impact Trading" is an advanced tool based on the Relative Strength Index (RSI) designed to display buy and sell signals with specific crossover conditions and a cooldown logic to avoid consecutive signals. It includes:
Enhanced RSI calculated with configurable smoothing methods (EMA, SMA, RMA, TMA).
Trading signals based on bullish and bearish crossovers of the RSI with a signal line, integrating a 15-bar delay between signals to limit the frequency of alerts.
Customizable overbought/oversold levels with zone fill for clear visualization of market extremes.
Visual display of buy/sell signals with arrows and level lines, all presented in a separate window for better readability.
This indicator helps identify potential entry and exit points while reducing false signals through its cooldown logic.
1: Do not take trades when the RSI curve is flat (even if there is an indication).
2: Place the stop-loss (SL) a few points above the relevant candle.
3: Use a 2:1 risk-reward (RR) ratio and set break-even (BE) at the entry price once RR1 is reached.
4: Take partial profit at RR2 with 50% closure and let the remaining position run. Cut if there is a change in direction.
Your indicator "Baptiste ULTIME RSI Buy/Sell 70%- Impact Trading" is an advanced tool based on the Relative Strength Index (RSI) designed to display buy and sell signals with specific crossover conditions and a cooldown logic to avoid consecutive signals. It includes:
Enhanced RSI calculated with configurable smoothing methods (EMA, SMA, RMA, TMA).
Trading signals based on bullish and bearish crossovers of the RSI with a signal line, integrating a 15-bar delay between signals to limit the frequency of alerts.
Customizable overbought/oversold levels with zone fill for clear visualization of market extremes.
Visual display of buy/sell signals with arrows and level lines, all presented in a separate window for better readability.
This indicator helps identify potential entry and exit points while reducing false signals through its cooldown logic.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
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