RSI Divergence X Ichimoku Cloud X 200EMA — Strategy by tradethrills
By tradethrills
Performance Metrics
- Author: tradethrills
- Symbol: SAXO:EURUSD
- Timeframe: 30 minutes
- Net P&L: +661.40 USD (+0.66%)
- Win Rate: 65.1%
- Profit Factor: 1.634
- Max Drawdown: 257.00 USD (0.25%)
- Total Trades: 43
- Sharpe Ratio: −0.208
Description
Hi all,This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA .A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry.Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry.I find that this script works best on Intraday charts.This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!