RSI Algo Trader
13709 مشاهدة
This is a simple RSI based signal indicator. It is intended for algorithmic trading by bots, currently working one up for http://bitforex.uk.to and http://okcoin.uk.to to use this.
For the best results leave it on 1-Hour time-frame. It also works best on bitcoin and stocks, not so much oil . GBP/USD and AUD/USD it fairs well too.
When RSI touches 70 it gives a Buy signal and when RSI touches 30 it gives a sell signal. The position is then held out until an opposite signal has been given. If the back-testing shows poor results but looks as though the inverse would be good, there is an easy toggle in the settings to flip it. Also in the code is a nifty method to pragmatically keep a variable's value from resetting each candle until later changed.
MSFT Stock:
For the best results leave it on 1-Hour time-frame. It also works best on bitcoin and stocks, not so much oil . GBP/USD and AUD/USD it fairs well too.
When RSI touches 70 it gives a Buy signal and when RSI touches 30 it gives a sell signal. The position is then held out until an opposite signal has been given. If the back-testing shows poor results but looks as though the inverse would be good, there is an easy toggle in the settings to flip it. Also in the code is a nifty method to pragmatically keep a variable's value from resetting each candle until later changed.
MSFT Stock:
study("RSI Algo", overlay=true)
myPeriod = input(defval=14, type=integer, title="Period")
myThresholdUp = input(defval=70, type=float, title="Upper Threshold")
myThresholdDn = input(defval=30, type=float, title="Lower Threshold")
myAlgoFlipToggle = input(defval=false, type=bool, title="Imverse Algorthim")
myLineToggle = input(defval=true, type=bool, title="Show Lines")
myLabelToggle = input(defval=true, type=bool, title="Show Labels")
myRSI=rsi(close, myPeriod)
buy = myAlgoFlipToggle ? falling(myRSI,1) and cross(myRSI, myThresholdDn) : rising(myRSI, 1) and cross(myRSI,myThresholdUp)
sell = myAlgoFlipToggle ? rising(myRSI, 1) and cross(myRSI,myThresholdUp) : falling(myRSI,1) and cross(myRSI, myThresholdDn)
myPosition = buy==1 ? 0 : sell==1 or myPosition[1]==1 ? 1 : 0
trendColor = buy ? red : sell ? green : na
plot(myLineToggle ? buy and myPosition[1]==1 ? low - 0.004: sell and myPosition[1]==0 ? high + 0.004 : na : na, color=trendColor, style=line, linewidth=4, editable=false)
plotshape(myLabelToggle ? buy and myPosition[1]==1 ? low - 0.005 : na : na, style=shape.labelup, location=location.absolute, text="Buy", transp=0, textcolor = white, color=black, editable=false)
plotshape(myLabelToggle ? sell and myPosition[1]==0 ? high + 0.005 : na : na, style=shape.labeldown, location=location.absolute, text="Sell", transp=0, textcolor = white, color=black, editable=false)
تمت إزالة التعليق
aminqs
aminqs
anyone know how to make an alert come only when the buy and sells appear?
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Bogayi
Is is anyone still using this system? Any updates? I love the simplicity of this and am interested in how people use it. It seems with an alternative exit system and using the algo only for entries, it can provide even better profits.
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samardzija80
can you create Alert for BUY and SELL signal. thank you.
+2
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kT94tV9543
Just seeing this...backward it is very interesting. Can you connect this to an alarm in TV?
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gghsusa
Thanks.. I'm going to test this out. How does if fair as a live strategy? Do we get any repainting?
+1
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dos32101
NO LE PUEDO DAR NINGUN COMENTARIO, NO LO HE PODIDO PROBAR
+2
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DMC
Is there a possible way to add a vertical line as well when it signals a change in direction
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amazing_ilya
Interesting how completely different code not based on RSI at all generates the same signals
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miyako.pro
amazing_ilya
Many indicators are the same exact data represented in different views.
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