RSI + MACD Multi-Timeframe Strategy by RWCS_LTD
By RWCS_LTD
Performance Metrics
- Author: RWCS_LTD
- Symbol: INDEX:BTCUSD
- Timeframe: 1 day
- Net P&L: +4,177,225.55 USD (+417.72%)
- Win Rate: 80.0%
- Profit Factor: 9.732
- Max Drawdown: 1,238,409.30 USD (58.07%)
- Total Trades: 10
Description
This strategy combines the Relative Strength Index (RSI) from the daily timeframe with the Moving Average Convergence Divergence (MACD) from the 4-hour timeframe to generate precise long entry and exit signals.The system uses a multi-timeframe approach to align longer-term trend conditions with shorter-term momentum shifts — allowing traders to catch dips with confirmation and exit before reversals.🧠 Strategy Logic✅ Long Entry Condition:- RSI on the daily (1D) timeframe is oversold (below your defined threshold)- MACD on the 4H timeframe crosses above the signal line→ A long trade is opened when these two align✅ Long Exit Condition:- RSI on the daily timeframe is overbought- MACD on the 4H timeframe crosses below the signal line→ The long trade is closed when these two conditions are met💡 This strategy currently supports long entries only. Short logic can be added if needed.📊 Indicator Components🔹 RSI (Relative Strength Index):- A momentum oscillator that measures the speed and magnitude of price changes.- Helps identify overbought (potential sell) and oversold (potential buy) conditions.- Applied on the 1D timeframe (by default) to reflect broader market trend or exhaustion levels.🔹 MACD (Moving Average Convergence Divergence):- A trend-following momentum indicator based on moving averages.- The MACD Line (fast EMA - slow EMA) crossing above the Signal Line indicates bullish momentum.- Used here on the 4-hour timeframe (by default) for shorter-term momentum confirmation.🔹 Multi-Timeframe (MTF) Logic:- Uses request.security() to pull higher timeframe data (1D for RSI, 4H for MACD).- Ensures no repainting, as it only uses closed candles from the higher timeframe.- Aligns longer-term signals with shorter-term entries, reducing false signals.📈 Plotting OptionsThe script includes a plot selector input allowing you to toggle between:- RSI Plot (with overbought/oversold lines)- MACD Plot (MACD line and signal line)- This helps visualize signal conditions clearly on your chart.🛠 Customization- RSI & MACD settings are fully configurable- RSI and MACD timeframes can be adjusted independently⚠️ DisclaimerThis strategy is provided for educational and informational purposes only.It is not financial advice or a recommendation to buy or sell any asset.Past performance does not guarantee future results. Always test strategies in a simulated environment before live use, and consult with a licensed financial advisor for investment decisions.