RSI Average Swing Bot — Strategy by exlux
By exlux
Performance Metrics
- Author: exlux
- Symbol: BINANCE:ETHUSDT
- Timeframe: 1 hour
- Net P&L: +74.13 NONE (+7,413.25%)
- Win Rate: 29.8%
- Profit Factor: 1.604
- Max Drawdown: 14.73 NONE (27.04%)
- Total Trades: 895
- Sharpe Ratio: 0.712
Description
This is a modified RSI version using as a source a big length(50 candles) and an average of all types of sources for candle calculations such as ohlc4, close, high, open, hlc3 and hl2.In this case we are going to use a 0-1 scale for an easier calculation, where 0.5 is going to be our middle point.Above 0.5 we consider a bullish possibility.Below 0.5 we consider a bearish possibility.I made a small example bot using that initial logic, together with 2 exit points for long or short positions.If there are any questions, let me know !