RSI of VWAP — Strategy by eemani123
By eemani123
Performance Metrics
- Author: eemani123
- Symbol: NASDAQ:AAPL
- Timeframe: 1 hour
- Net P&L: +24,939.85 USD (+250.42%)
- Win Rate: 90.9%
- Profit Factor: 8.448
- Max Drawdown: 1,497.73 USD (5.42%)
- Total Trades: 33
- Sharpe Ratio: 0.75
Description
Nov 3, 2020This strategy inputs the vwap as source to RSI indicator.ENTRYWhen RSIofVwap crossover 70 and price is above ema200partial exitswhen RSIofVwap reaches 90 level take a portion of profit ExitWhen RSIofVwap crossdown 30stoplossdefaulated to 5%Risk LevelDefaulted to 10%. Based on this startegy calcuclates hiw many units can be purchased adhering to stoploss valueNote: code doesnt draw the RSI (vwap) indicator to the chart. if you want to see how these signals are generated , you can select RSI and VWAP of 14 period length.warning For educational purposes onlyNov 4, 2020Release Notes1. I have noticed selling on RSiofVWAP 90 level reading produces more winning trades. Earlier version had sell level 30 , that has been changed / defaulted to 902. Take Partial profits parameter added3. Profit / Loss points added in comments sectionNote : RSI 14 (source vwap) is not added / drawn to the chart. If you want to see how the signals are generated add vwap and RSI 14, then change the RSI source to vwap.