RSI of VWAP

3 Kas 2020

This strategy inputs the vwap as source to RSI indicator.

ENTRY
When RSIofVwap crossover 70 and price is above ema200

partial exits
when RSIofVwap reaches 90 level take a portion of profit

Exit
When RSIofVwap crossdown 30

stoploss
defaulated to 5%

Risk Level
Defaulted to 10%. Based on this startegy calcuclates hiw many units can be purchased adhering to stoploss value


Note: code doesnt draw the RSI (vwap) indicator to the chart. if you want to see how these signals are generated , you can select RSI and VWAP of 14 period length.

warning
For educational purposes only

4 Kas 2020

Sürüm Notları

1. I have noticed selling on RSiofVWAP 90 level reading produces more winning trades. Earlier version had sell level 30 , that has been changed / defaulted to 90

2. Take Partial profits parameter added

3. Profit / Loss points added in comments section

Note : RSI 14 (source vwap) is not added / drawn to the chart. If you want to see how the signals are generated add vwap and RSI 14, then change the RSI source to vwap.