RSI SwingRadar — Strategy by TheWaveHunter
By TheWaveHunter
Performance Metrics
- Author: TheWaveHunter
- Symbol: BYBIT:XMRUSDT.P
- Timeframe: 30 minutes
- Net P&L: +44,218.78 USDT (+418.94%)
- Win Rate: 32.2%
- Profit Factor: 2.209
- Max Drawdown: 3,888.45 USDT (17.98%)
- Total Trades: 146
- Sharpe Ratio: 0.714
Description
🧠 Strategy OverviewThis long-only strategy combines RSI/MA crossovers with ATR-based risk management, designed for cleaner entries during potential bounce phases — especially tuned for assets like XMR/USDT.🔍 Core Logic:- RSI Crossover: Entry occurs when the 14-period RSI crosses above its 14-period SMA, signaling a potential shift in momentum.- Oversold Filter: The RSI must have been below a user-defined oversold threshold (default: 35) on the previous candle, filtering for bounce setups after a pullback.- ATR-Based Stop/Target: Stop-loss is placed below the low by a user-adjustable ATR multiplier (default: 0.5×). Take-profit is calculated with a Risk:Reward multiplier (default: 4×).These elements work in tandem — RSI crossovers give momentum confirmation, oversold filtering adds context, and ATR-based exits adapt to volatility, creating a compact yet responsive strategy.📉 Visuals:- Dynamic Bands: The chart displays the active stop-loss, entry price, and take-profit as colored bands for easy visual tracking.- Clean Overlay: Designed with simplicity — only confirmed setups are shown, keeping noise low.✅ Suggested Use:- Works best on XMR/USDT or similarly trending assets.- Best suited for pullback entries during broader uptrends.- Adjustable for different volatility conditions and asset behaviors.⚠️ Disclaimer- This strategy is for educational and research purposes only.- It does not guarantee profitability in any market.- Always backtest, forward-test, and understand your own risk tolerance before using any strategy in a live environment.- Past performance is not indicative of future results.- This script is not financial advice.