PMax on Rsi w/T3 *Strategy* by lucidreamer15
By lucidreamer15
Performance Metrics
- Author: lucidreamer15
- Symbol: FTX:LTCPERP
- Timeframe: 1 minute
- Net P&L: +643.20 USD (+0.64%)
- Win Rate: 30.6%
- Profit Factor: 1.442
- Max Drawdown: 436.00 USD (0.43%)
- Total Trades: 72
- Sharpe Ratio: 0.258
Description
Profit Maximizer Indicator on RSI with Tillson T3 Moving Average:PMax uses ATR calculation inside, for this reason users couldn't manage to use PMax on RSI because RSI indicator doesn't have High and Low values in bars, but ATR needs that values. So I personally calculate RSI in a different way to have High and Low values of RSI wrt price bars.IMPORTANT:Because of the sudden movements and divergences on RSI , this indicator must firstly optimized for the charts before using. Optimization can be held by users for the meaningful parameters for each chart.3 parameters are critical when optimizing:First: MultiplierSecond: Tillson T3 LengthThird: T3 Volume FactorSays, Kıvanç Özbilgiç. Here's the strategy version for you to backtest & optimize properly. Enjoy.