PROTECTED SOURCE SCRIPT

RSI Crossover Strategy-Bullish & Bearish with Profit Lock-Dharm

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Bullish trade

Trigger candle rule
RSI(14) CROSed above RSI based moving average(9)
previous 1 candle RSI(14) must be LESS THAN NUMBER 30 before crosing above
Store the trigger candle’s high/low only when RSI crossover happens and RSI was <30
reset trigger if rsi(14) crossed below without trade entry
Do not reset the trigger until the trade is exited.
Entry candle rule
Wait for only one entry after that — when a candle closes above the trigger candle.
Prevent new entries until the current trade is closed.
exit rule
Exit from trade if any candle closes below the low of trigger candle. Or
RSI(14) should crossed below rsi based moving average(9).

Bearish trade

Trigger candle rule
RSI(14) CROSed below RSI based moving average(9)
previous 1 candle RSI(14) must be greater THAN NUMBER 80 before crosing below
Store the trigger candle’s high/low only when RSI crossover happens and RSI was >80
reset trigger if rsi(14) crossed above without trade entry
Do not reset the trigger until the trade is exited.
Entry candle rule
Wait for only one entry after that — when a candle closes below the trigger candle.
Prevent new entries until the current trade is closed.
exit rule
Exit from trade if any candle closes above the high of trigger candle. Or
RSI(14) should crossed above rsi based moving average(9).

Feragatname

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