Crypto Long RSI Entry with Averaging

30 May

Indicator Name:
04 - Crypto Long RSI Entry with Averaging + Info Table + Lines (03 style lines)

Description:
This indicator is designed for crypto trading on the long side only, using RSI-based entry signals combined with a multi-step averaging strategy and a visual information panel. It aims to capture price rebounds from oversold RSI levels and manage position entries with two staged averaging points, optimizing the average entry price and take-profit targets.

Key Features:

RSI-Based Entry: Enters a long position when the RSI crosses above a defined oversold level (default 25), with an optional faster entry if RSI crosses above 20 after being below it.

Two-Stage Averaging: Allows up to two averaging entries at user-defined price drop percentages (default 5% and 14%), increasing position size to improve average entry price.

Dynamic Take Profit: Adjusts take profit targets after each averaging stage, with customizable percentage levels.

Visual Signals: Marks entries, averaging points, and exits on the chart using colored labels and lines for easy tracking.

Info Table: Displays current trade status, averaging stages, total profit, number of wins, and maximum drawdown percentage in a table on the chart.

Graphical Lines: Shows horizontal lines for entry price, take profit, and averaging prices to visually track trade management.

12 Haz

Sürüm Notları

Key improvements in this version:
Entry, take profit, and averaging lines appear only during an active trade and are removed immediately after closing the trade, preventing clutter on the chart.

Averaging updates recalculate the average price and take profit, and lines dynamically update.

Entry and exit labels remain on the chart history for visual reference.

Added a real-time table showing useful trade statistics directly on the chart.