Strategy- Double Decker RSI by Ankit_Quant
By Ankit_Quant
Performance Metrics
- Author: Ankit_Quant
- Symbol: NSE:BANKNIFTY
- Timeframe: 1 hour
- Net P&L: +56,958.35 NONE (+22.78%)
- Win Rate: 37.7%
- Profit Factor: 1.496
- Max Drawdown: 2,432.80 NONE (0.84%)
- Total Trades: 1,872
- Sharpe Ratio: −0.073
Description
This Strategy was LIVE coded during a webinar conducted by the author on 16-Jan-21 titled Backtesting in Tradingview. The system is named "Double Decker RSI". The rules of this strategy are: LONG - RSI(5)>70 and RSI(14)>50 -- EXIT: RSI(5)45Instrument - BANKNIFTY - 1 HR ChartThe code is open source for you to edit and make changes as needed. For details on the strategy and webinar, you can refer to the website in signature of this strategy.