True Strength Indicator BTCUSD 2H — Strategy by moneros
By moneros
Performance Metrics
- Author: moneros
- Symbol: BITFINEX:BTCUSD
- Timeframe: 2 hours
- Net P&L: +2,273.64 USD (+221.67%)
- Win Rate: 33.8%
- Profit Factor: 1.26
- Max Drawdown: 1,023.32 USD (62.13%)
- Total Trades: 471
- Sharpe Ratio: 0.244
Description
Script based on True Strength Index (TSI) and RSIA technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions.!!! IMPORTANT IN ORDER TO AVOID REPAITING ISSUES!!! USE Chart resolution >= resCustom parameter, suggestion 2HYellow zones indicates that you can claim position for better profits even before a claim confirmation.Dark zones indicates areas where RSI shows overbought and oversold conditions.BTCUSD