9/10 Indices, page-113

If you have trading view and like RSI - I have scripted an RSI strategy where you can be alerted when RSI hits oversold or overbought. Just paste it in Pine Script area and click on save.

/@version=5
strategy("RSI Strategy", overlay=true)
length = input( 14 )
overSold = input( 30 )
overBought = input( 70 )
price = close
vrsi = ta.rsi(price, length)
co = ta.crossover(vrsi, overSold)
cu = ta.crossunder(vrsi, overBought)
if (not na(vrsi))
if (co)
strategy.entry("RsiLE", strategy.long, comment="RsiLE")
if (cu)
strategy.entry("RsiSE", strategy.short, comment="RsiSE")
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)

Good win rate and equity curve profit fact is on the soft side but with some tweaks can improve it.






Sharpe and Sortino Ratio not great but it's just a base system one can work on and improve on it.

..at least I did something productive for the day.