Skip to main content
Latest Crypto Fear & Greed Index

New Pine Script: BB+RSI Strategy


This strategy is based on 2 indicators which are Bollinger Bands (BB) and Relative Strength index (RSI).

Strategy Description: Buy order placed when price crosses down lower BB (MA50, StdDev4) and the RSI (length 4) is below 20.   

Potential ROI Monthly (in sideway/bullish): 2%

Recommended Settings:


Time frame: 3mins

Initial Capital: 50

Base Currency: Default

Order Size: 11 USDT

Pyramiding: 4 orders

Commission: 0.1 %

Take Profit: 4%

Stop Loss: nil

strategy("BB+RSI []", overlay=true)

// Bollinger Bands
length = input(50, "Bollinger Bands Length")
mult = input(4.0, "Bollinger Bands Standard Deviation")
basis = sma(close, length)
dev = mult * stdev(close, length)
upperBand = basis + dev
lowerBand = basis - dev

// RSI
rsiLength = input(4, "RSI Length")
rsiOverbought = input(20, "RSI Overbought Level")

// Entry conditions
priceCrossedLowerBand = crossover(close, lowerBand)
priceClosedWithinBands = close > lowerBand and close < upperBand
rsiBelowOversold = rsi(close, rsiLength) < rsiOverbought

// Exit conditions
takeProfit = input(4.0, "Take Profit (%)")
stopLoss = input(50.0, "Stop Loss (%)")

// Strategy logic
if (priceCrossedLowerBand and priceClosedWithinBands and rsiBelowOversold)
    strategy.entry("Buy", strategy.long)
    strategy.exit("Sell", "Buy", limit=close * (1 + takeProfit/100), stop=close * (1 - stopLoss/100))


Popular posts from this blog

New Pine Script Stratgey: Buy on Whale Signal

This strategy is adapted from an indicator Whale detector, which is thanks to BLACKCAT1404, the curator of the indicator.  Startegy Description: It places buy order when then whale detector bar reaches certain threshold level which you can adjust as well as the Take Profit and Stop Loss. Recommended Settings: Pair: BTCUSDT (Binance) Time frame: 7min Initial Capital: 10 Base Currency: Default Order Size: 10 USDT Pyramiding: 1 order Commission: 0.1 % Each pair of token has different threshold, suitable time frame, TP and SL. Aa a matter of fact, Even different CEX may produce result for the same coin. You have to test one by one to get the best result. Do share your best strategy setting in the comment.  *credit to  BLACKCAT1404     // @version= 4 strategy ( "WHALE pump signal [, credit to Blackcat1404]" , overlay =false, commission_type = strategy.commission.percent , commission_value = 0.1 ) // Desc: Best setting ETH TF7min Thres 30 TP6 SL3 Scale1000 // Inp

New Script: VWAP strategy

This strategy uses VWAP with period 7. The success rate about 50%, and one huge drawback is the huge drawdown. I do not set up stop loss for this strategy. Strategy Description: It buys when the price crosses up VWAP line. Exit when EMA50 crosses down SMA100. Potential ROI Monthly (in bullish trend): 0-10% Recommended Settings: Pair: BTCUSDT, TIAUSDT Time frame: 5mins Initial Capital: 100 Base Currency: Default Order Size: 98% of equity Pyramiding: 1 order Commission: 0.1 % // @version= 4 strategy ( "VWAP+MA[]" , overlay =true ) // Input for the VWAP period cumulativePeriod = input ( 7 , title = "VWAP Period" ) // Calculate VWAP typicalPrice = ( high + low + close ) / 3 typicalPriceVolume = typicalPrice * volume cumulativeTypicalPriceVolume = sum ( typicalPriceVolume , cumulativePeriod ) cumulativeVolume = sum ( volume , cumulativePeriod ) vwapValue = cumulativeTypicalPriceVolume / cumulativeVolume // Plot VWAP plot ( vwapValu

Comparison between 2 Smart Rebalance Bot

Smart rebalance is one of the kinda new features offered by many Centralized exchanger (CEX). And it has come to my liking during bull run u can cover many tokens than just run 1 single token with 1 bot. Because most tokens/coins price do not move parallel to each other, it will automatically buy at low, sell at high each coins in order to rebalance the proportion that you have preset.  But this strategy works best during bullrun. During bearish period, when all coins go down, u will still see decline of the portfolio worth. Usually i use this bot for coins that i have high convictions on them i would HODL them for long.  Here, I just wanna share smart rebalance bots from 2 different CEX. They are from Kucoin and BitGet. The following are the snapshots of the running bot after 60days. BitGet Smart Rebalance Bot Kucoin Smart Rebalance Bot I started out with Bitget first, then after several hours, i decided to make comparison with Kucoin. I ran them for two months.  I chose BTC, ETH, LIN