CryptOZ Long/Short with Alerts

CryptOZ Long/Short Strategy with Dynamic Fibonacci Targets

This Pine Script strategy combines RSI-based entry signals with adaptive Fibonacci-based Take Profit (TP) and Stop Loss (SL) levels tailored to your chart’s timeframe. It identifies long and short trade opportunities using RSI crossovers and calculates precise TP and SL levels based on recent swing highs and lows.

Key Features:

Dynamic RSI Entries: Generates long signals when RSI crosses above 30 and short signals when RSI crosses below 70, adapting sensitivity based on the chart timeframe.

Adaptive Fibonacci TP Levels: Uses Fibonacci retracement and extension levels to set three take profit targets, adjusted to stay just below (long) or above (short) key Fibonacci levels for optimal exit points.

Automatic Extension Targets: When price exceeds the recent all-time high (ATH) or drops below the fib low, the strategy switches TP targets to Fibonacci extensions (1.272, 1.618, 2.0) to capture trending moves.

ATR-Based Stop Loss: Sets a stop loss using ATR multiples, dynamically adapting risk management to current volatility.

Visual Clarity: Displays clear entry, SL, and TP levels on the chart with color-coded labels and lines, highlighting reached TP targets.

Multi-Timeframe Adaptability: Automatically adjusts key parameters like RSI length, SL multiplier, and Fibonacci lookback period based on the selected timeframe.

Use this strategy to identify high-probability trade setups with smart, flexible profit-taking and risk control tailored to your trading style and timeframe.