How it works: Prices are divided into grids, or trade zones, that are based on RSI levels. Buys will trigger when the RSI crosses into a higher zone, after descending. Sells will trigger when the RSI crosses into a lower zone, after ascending. After triggering, a new signal will not be produced until the RSI progresses into better zone.
Standard Settings:
RSI Length
Number of Grids
RSI Type: Standard RSI or Jurik RSX (based on Everget’s formula)
Show All Grids
Experimental Features (Adjust in settings menu):
No Trade Zone: RSI Levels where no trades will be signaled. Adjust to prevent over-buying/selling in narrow markets. Default: 35-65: No Trade Zone (40-60)
Aggression Level: Increase aggressiveness to stack buys/sells at extreme RSI levels: Aggression = high
Aggression = low
Market Direction: If market is trending up, the bot will skip every other sell ( = more buys than sells). If down, will skip every other buy (more sells than buys). Default: neutral. Market Direction: down
Market Direction: neutral
Sürüm Notları
Removed offsets for plots
Added buy and bell signals at upper and lower limits
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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