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Attachments: Twin RSI - simple trading strategy
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Twin RSI - simple trading strategy

  • #121
  • Feb 16, 2023 6:55am Feb 16, 2023 6:55am
Quoting Chongrux
{quote} edition of Trend RSI indicator *add MA9-45 indy {image} {file} {file} {file} {file} {file} {file} {image} {image} {image}
add % Change
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
Attached File(s)
File Type: ex4 percent_CHG_.ex4   35 KB | 274 downloads
  • #122
  • Feb 16, 2023 8:18am Feb 16, 2023 8:18am
Quoting Chongrux
{quote}
add % Change {image} {file}
Thank you for your kind feed back and the % change indicator
May I know what are the base values used for calculating the % changes?
  • #123
  • Feb 16, 2023 9:06am Feb 16, 2023 9:06am
Quoting Lim001
{quote} Thank you for your kind feed back and the % change indicator May I know what are the base values used for calculating the % changes?
Dear sir
please see mq4 file
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 49 KB
Attached File(s)
File Type: mq4 percent_CHG_.mq4   15 KB | 334 downloads
  • #124
  • Feb 18, 2023 8:58am Feb 18, 2023 8:58am
ADD indicator RSI on chart for estimate OB and OS Zone on chart

concept RSI on chart
RSI( it is = median )
median = (N+1)/2; N= EMA
if RSI 14 = (EMA+1)/2

EMA= (14*2)-1
= 28-1
= 27
RSI14 = EMA 27
if price close above EMA27 = RSI14 above 50 level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 82 KB
Click to Enlarge Name: screenshot.png Size: 60 KB
Click to Enlarge Name: screenshot.png Size: 77 KB
Attached File(s)
File Type: ex4 RSI_on_price_v2.ex4   14 KB | 316 downloads
File Type: mq4 RSI_on_price_v2.mq4   6 KB | 363 downloads
  • #125
  • Feb 18, 2023 9:28am Feb 18, 2023 9:28am
Estimate EURUSD
and add indy support and resistance and channel
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 68 KB
Attached File(s)
File Type: ex4 AutoTrendChannels.ex4   174 KB | 361 downloads
File Type: ex4 Support&Resistance.ex4   87 KB | 363 downloads
  • #126
  • Mar 18, 2023 3:36pm Mar 18, 2023 3:36pm
Looks interesting on first look... so why not work on it and put some filters to it....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 46 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #127
  • Mar 21, 2023 6:35am Mar 21, 2023 6:35am
New concept
Power RSI
•I Revised and used EMA 20-EMA100
1.FAST EMA =9

2.SLOW EMA=27

3.RSI(14 Period)
4.ADX (14 Period)

For Buy:
• FAST EMA(9) Cross above SLOW EMA(27)
•ADX >25
•Di(+)>25
•RSI>56 &RSI<70 (Range 56=69.9) & RSI current >RSI Previous(1)

For Sell:
• FAST EMA(9) Cross Below SLOW EMA(27)
• ADX >25
• Di(-)>25
•RSI<44 , RSI>30(Range 44-29.9) & RSI current <RSI Previous(1)


*** Exit
•- EMA9 has crossed below EMA27
•SL :ATR 14-Day(point) (Auto) but can change time frame
•TP : ATR 14- H4 (point) (Auto but can change time frame
•Trailing: ATR14-H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 46 KB
Click to Enlarge Name: screenshot.png Size: 67 KB
Attached File(s)
File Type: ex4 All_ADX-edition.ex4   19 KB | 301 downloads
File Type: ex4 All_RSI-edition-2.ex4   14 KB | 314 downloads
File Type: ex4 Power_RSI-EP08.ex4   24 KB | 328 downloads
File Type: ex4 MA_9_27.ex4   17 KB | 284 downloads
  • #128
  • Aug 18, 2023 6:30am Aug 18, 2023 6:30am
Just test it Urself.... Look if the long conditions are ok... then we ll quickly do the short...

Inserted Code
//@version=5
strategy("Slim001 - Twin RSI", overlay = false)
 
// ********************** Calculation values
// Calculate RSI values
slowRSI = ta.rsi(close, 14)
fastRSI = ta.rsi(close, 2)
 
// ********************** Entry Conditions buy
// Entry long
longEnter =   fastRSI<15 and fastRSI[1]>15 and slowRSI<56 and slowRSI>44 and open[1]>close[1]
//Exit long
longSL = slowRSI<44 or fastRSI<15
longTP = fastRSI>85
longExit = longTP or longSL
 
// Strategy logic buy
if (longEnter)
    strategy.entry("Buy", strategy.long)
 
if (strategy.position_size > 0 and longExit)
    strategy.close("Buy",  "Exit Buy")
Vucking good EA coder... https://t.ly/AZjRM
  • #129
  • Aug 18, 2023 9:20am Aug 18, 2023 9:20am
[quote=reteid2222;14541123]Just test it Urself.... Look if the long conditions are ok... then we ll quickly do the short...
Thank you Reteid2222 for your kind efforts.

The system can be adapted to make it simpler and safer.
Indicators (1) rsi period 2 - yellow (2) rsi period 14 - red; levels 40 & 60
Rules for buy orders
1) rsi 14 > level 60
2) rsi 2 crosses rsi 14 from above and closes below level 60
3) tp when rsi 2 crosses rsi 14 back from below.
4) sl - use fixed sl or rsi 14 < level 60
Rules for sell orders
- same reverse logics -
please refer to attached illustrations
Attached Image (click to enlarge)
Click to Enlarge Name: rsi-cross buy.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: rsi-cross sell.png Size: 15 KB
  • #130
  • Aug 24, 2023 9:38am Aug 24, 2023 9:38am
Inserted Code
//@version=5
strategy("Slim001 - Twin RSI", overlay = false)
 
// ********************** Calculation values
// Calculate RSI values
rsi14 = ta.rsi(close, 14)
rsi2 = ta.rsi(close, 2)
 
// ********************** Entry Conditions long
// Entry long
longEnter =   rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60
//Exit long
longSL =ta.cross(rsi14,rsi2)
longTP =rsi14<60
longExit = longTP or longSL
 
// ********************** Entry Conditions short
// Entry short
shortEnter =   rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40
//Exit long
shortSL =ta.cross(rsi2,rsi14)
shortTP =rsi14>40
shortExit = shortTP or shortSL
 
// Strategy logic long
if (longEnter)
    strategy.entry("Buy", strategy.long)
 
if (strategy.position_size > 0 and longExit)
    strategy.close("Buy",  "Exit Buy")
 
// Strategy logic short
if (shortEnter)
    strategy.entry("Sell", strategy.short)
 
if (strategy.position_size < 0 and shortExit)
    strategy.close("Sell",  "Exit Sell")
 
plot(rsi14, "RSI14",color.red)
plot(rsi2,"RSI2",color.green)
plotshape(series=longEnter, location=location.belowbar, color=color.green, style=shape.triangleup, title="Long Entry")
hline(40, "Overbought", color=color.red)
hline(60, "Oversold", color=color.green)
Vucking good EA coder... https://t.ly/AZjRM
  • #131
  • Aug 24, 2023 10:20am Aug 24, 2023 10:20am
Quoting reteid2222
//@version=5 strategy("Slim001 - Twin RSI", overlay = false) // ********************** Calculation values // Calculate RSI values rsi14 = ta.rsi(close, 14) rsi2 = ta.rsi(close, 2) // ********************** Entry Conditions long // Entry long longEnter = rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60 //Exit long longSL =ta.cross(rsi14,rsi2) longTP =rsi14<60 longExit = longTP or longSL // ********************** Entry Conditions short // Entry short shortEnter = rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40 //Exit long shortSL =ta.cross(rsi2,rsi14)...
Thanks!

beautiful strategy for capturing contractions in the market, great for scalping
  • #132
  • Aug 26, 2023 1:01am Aug 26, 2023 1:01am
Quoting reteid2222
//@version=5 strategy("Slim001 - Twin RSI", overlay = false) // ********************** Calculation values // Calculate RSI values rsi14 = ta.rsi(close, 14) rsi2 = ta.rsi(close, 2) // ********************** Entry Conditions long // Entry long longEnter = rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60 //Exit long longSL =ta.cross(rsi14,rsi2) longTP =rsi14<60 longExit = longTP or longSL // ********************** Entry Conditions short // Entry short shortEnter = rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40 //Exit long shortSL =ta.cross(rsi2,rsi14)...
I think filters that close trades in 5 min before until 15 min after the red news events and the first 2 hours and last 2 hours of trading would be really interesting on this model.
  • #133
  • Aug 28, 2023 9:19pm Aug 28, 2023 9:19pm
Twin 2 rsi without candle filter
Start from 1st jan 2022 - aug 2023
Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20230829-WA0000.jpg Size: 218 KB
  • #134
  • Dec 13, 2023 7:35am Dec 13, 2023 7:35am
Looks like some interesting strategies. What is the consensus on the best EA/indicator, which pairs and what settings on live accounts?
  • #135
  • Dec 13, 2023 6:35pm Dec 13, 2023 6:35pm
That's a great strategy for short-term.I will try this strategy manual .
  • #136
  • Last Post: Dec 13, 2023 11:03pm Dec 13, 2023 11:03pm
RSI is the momentum oscilator indicator.
It is not a good indicator for trend direction.
RSI reliability depends on selection of period parameter, eg. 14 or others,
and price cycle.
But, it can assist entry. eg. for a down trend, waiting for momentum spike higher, then, short.

I like inverse fisher transform RSI, which overcome price cycle issue.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdJpy-M15-RSI 2023-12-14 153100.png Size: 102 KB
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