RSI and Smoothed RSI Bull Div Strategy [BigBitsIO] by BigBitsIO
By BigBitsIO
Performance Metrics
- Author: BigBitsIO
- Symbol: COINBASE:BTCUSD
- Timeframe: 5 minutes
- Net P&L: +7,848.19 USD (+7.85%)
- Win Rate: 100.0%
- Max Drawdown: 106.31 USD (0.10%)
- Total Trades: 8
- Sharpe Ratio: 0.491
Description
This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal.Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy.Explanation of all the inputsTake Profit %: % change in price from position entry where strategy takes profitStop Loss %: % change in price from position entry where strategy stops lossesRSI Lookback Period: # of candles used to calculate RSIBuy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if setSource of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below %Smoothed RSI Lookback Period: # of candles used to calculate RSIRSI Currently Below: Value the current RSI must be below to trigger a buyRSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback periodRSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this valueRSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this valueMinimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buySmoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy