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    Rudradev Balamurugan
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    The document contains source code for a trading strategy that uses RSI and RSIT indicators. It defines functions to calculate moving averages and inputs for parameters like RSI length, source, and overbought/oversold levels. The strategy enters long positions when RSI crosses above the overbought level and short positions when it crosses below the oversold level.

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    The document contains source code for a trading strategy that uses RSI and RSIT indicators. It defines functions to calculate moving averages and inputs for parameters like RSI length, source, and overbought/oversold levels. The strategy enters long positions when RSI crosses above the overbought level and short positions when it crosses below the oversold level.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    3 views1 page

    Auto Bot

    Uploaded by

    Rudradev Balamurugan
    The document contains source code for a trading strategy that uses RSI and RSIT indicators. It defines functions to calculate moving averages and inputs for parameters like RSI length, source, and overbought/oversold levels. The strategy enters long positions when RSI crosses above the overbought level and short positions when it crosses below the oversold level.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    // This source code is subject to the terms of the Mozilla Public License 2.

    0 at
    https://mozilla.org/MPL/2.0/
    // © vishva989

    //@version=5
    strategy("My strategy", overlay=true, margin_long=100, margin_short=100)

    ma(source, length, type) =>


    switch type
    "SMA" => ta.sma(source, length)
    "Bollinger Bands" => ta.sma(source, length)
    "EMA" => ta.ema(source, length)
    "SMMA (RMA)" => ta.rma(source, length)
    "WMA" => ta.wma(source, length)
    "VWMA" => ta.vwma(source, length)

    rsiLengthInput = input.int(14, minval=1, title="RSI Length", group="RSI Settings")


    rsitLengthInput = input.int(14, minval=1, title="RSIT Length", group="RSI
    Settings")
    rsiSourceInput = input.source(close, "Source", group="RSI Settings")
    rsitSourceInput = input.source(close, "Source", group="RSI Settings")
    oversold= input.float(30,minval=1, title="OverSold", group="RSI Settings")
    overbought= input.float(70,minval=1, title="OverBought", group="RSI Settings")
    maTypeInput = input.string("SMA", title="MA Type", options=["SMA", "Bollinger
    Bands", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="MA Settings")
    maLengthInput = input.int(14, title="MA Length", group="MA Settings")

    up = ta.rma(math.max(ta.change(rsiSourceInput), 0), rsiLengthInput)


    down = ta.rma(-math.min(ta.change(rsiSourceInput), 0), rsiLengthInput)
    upt = ta.rma(math.max(ta.change(rsitSourceInput), 0), rsitLengthInput)
    downt = ta.rma(-math.min(ta.change(rsitSourceInput), 0), rsitLengthInput)
    rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
    rsit = downt == 0 ? 100 : upt == 0 ? 0 : 100 - (100 / (1 + upt / downt))
    rsiMA = ma(rsi, maLengthInput, maTypeInput)

    //plot(rsi,color=color.green)
    //plot(rsit,color=color.red)

    longCondition = ta.crossover(rsi,overbought)
    if (longCondition)
    strategy.entry("My Long Entry Id", strategy.long,100)

    shortCondition =ta.crossunder(rsi, overbought)


    if (shortCondition)
    strategy.entry("My Short Entry Id", strategy.short,100)

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