This strategy looks for MACD signal crossover and RSI confirmation of oversold/overbought condition.
Tune to your crypto/stock for best results using the strategy and sent an alert. Currently set up to use 25% of equity at each buy signal and will sell 1/3 of position at each sell signal. Initial investment is $1000, but adjust as necessary.
Currently tuned to DOGEUSD on 30min chart.
If you like/use/profit, follow me or shoot me a donation. If you are looking for a script design, I can help.
Informacje o Wersji
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Made some edits to the strategy to display current holdings label on chart, user max holding limit, and user set sell rates (all holding, 1/2 holding, 1/3, holding, or 1/4 holdings) as the sell orders hit. These tweaks help make the strategy more applicable to other stocks/crypto.
Amazing job. In line 49 "short" instead of "long". All the best.
cryptostang23
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Quick update: This is a good strategy for getting started learning since it combined technical indicators. I don't use this live because it needs to be changed for every crypto and monitored closely. I built a new indicator outside of trading view that has a much more unique and higher win rate so far ~80%. I'll be releasing and allowing subscriptions soon.
RobbyFresh
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@smartstang23, how can we get access to this new indicator and support you? Thank you
JackFrosterton10
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Thank you for helping out those of us who are trying to learn more coding. What is the function of subsetting the close variable with the indexing operator starting with "[". I don't understand how it works since my understanding is that the script executes once per historical bar, thereby suggesting close is an atomic value
wmandarim
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Thank you smartstang23. I've been doing some testing and find out the strategy to work well on uptrends but not so good on the short side. Is it possible to use it also for short positions?
cryptostang23
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@wmandarim, I had similar results. I use the 30m and 1h to smooth out the indicators with this strategy. I have added dynamic variables to this script that predict where it is uptrending and downtrending rather than just MACD/RSI levels.
yaro.andrey
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the convergence of the macd and the signal can not be traded, this is a period of uncertainty. take this into account in the strategy and set the limits of the collapse of the RSI for all periods
cryptostang23
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@yaro.andrey, Excactly! I have another version of this script with some dynamic variables that determine trending areas