This strategy checks MACDcrossover and RSI crossover. When MACD crosses up or down the signal line, it checks if RSI is crossing back OverSold or OverBought lines, respectively, over the past few candles. The period can be changed by the parameter "RSI lookback".
The strategy seems to work better for reversal—still a work in progress.
performance on SPX seems not bad, but not good on TSLA. Also it seem working better on higher timeframes
Golden_Spades
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@AlphaTradingAcademy, use tradingview assistant and go through the settings of the rsi and mcad fast and slow. I got win rate up to 83%, about 35% drawdown with pyramiding. If you factor in the floating loss trading with a bot, that might not work since your stop loss will be hit. You can actually use the signals to manually trade.