[BoTo] RSI Trend Strategy

Open source code.

It is very old trade strategy. It is older than you :) Uses the RSI indicator. The RSI indicator has described Welles Wilder in the book in 1978. And all this is still profitable!

Additional articles

1. en.wikipedia.org/wiki/J._Welles_Wilder_Jr.
2. en.wikipedia.org/wiki/Relative_strength_index
3. tradingview.com/wiki/Relative_Strength_Index_(RSI)

How it works

Step 1. The user chooses length for RSI

Step 2. If RSI is more than 50, then it is a uptrend and the long position opens. It is necessary to close a short position if it is opened earlier.

Step 3. If RSI is less than 50, that is a downtrend and the short position opens. It is necessary to close a long position if it is opened earlier.

Well is suitable for the market of cryptocurrencies. Well length from 3 to 7 approaches. Don't use length 14 because for cryptocurrencies it is too much. Cryptocurrencies it is very volatile market. You can also use the RSI indicator which is built in on TradingView.com.