Skip to main content
Latest Crypto Fear & Greed Index

New Pine Script: RSI Cross Strategy

This strategy only uses RSI value and lines. RSI fast length at 12, while RSI slow legth at 21. And we determined the bullish momentum by selecting RSI level >63. Pretty simple. And its meant for short time frame.

Strategy Description: RSI (12) crosses up RSI (21) line, and RSI level above 63

Expected potential ROI Monthly (in sideway/bullish market): 8%

Recommended Settings:


Time frame: 5min

Initial Capital: 100

Base Currency: Default

Order Size: 33% equity

Pyramiding: 3

Commission: 0.1 %

Exit strategy: TP or SL

Take Profit: 3%

Stop Loss: 1%

strategy("RSI Crossover Strategy []", overlay=true)

// Input parameters
fastLength = input(12, title="Fast RSI Length")
slowLength = input(21, title="Slow RSI Length")
rsiOverboughtLevel = input(63, title="RSI Overbought Level")
takeProfitPercentage = input(3, title="Take Profit (%)") / 100
stopLossPercentage = input(1, title="Stop Loss (%)") / 100

// Calculate RSI values
rsiFast = rsi(close, fastLength)
rsiSlow = rsi(close, slowLength)

// Conditions for entering long position
enterLong = crossover(rsiFast, rsiSlow) and rsiSlow > rsiOverboughtLevel

// Execute long position
strategy.entry("Long", strategy.long, when=enterLong)

// Take Profit and Stop Loss levels
takeProfitLevel = close * (1 + takeProfitPercentage)
stopLossLevel = close * (1 - stopLossPercentage)

// Set Take Profit and Stop Loss levels for the long position
strategy.exit("Take Profit/Stop Loss", from_entry="Long", profit=takeProfitLevel, loss=stopLossLevel)


My CEX of choice

My CEX of choice
The best smart rebalance bot

Popular posts from this blog

How to use trading bots?

 This video here explains how to install trading bot using TradingView and Trader Adaptor TraderAdapter link:

Reserve Audit vs Exchange Reserves Data

If  you look into this top crypto exchanger list, there are some with Reserve Audit and some with the latter. Some with none at all. The list here by CoinMarketCap   What is Reserve Audit? A reserve audit is a process that involves verifying and validating the financial reserves held by a cryptocurrency exchange. It is conducted to ensure that the exchange has sufficient funds to cover its customers' deposits and withdrawals. The audit typically involves independent third-party firms or auditors who examine the exchange's bank accounts and cryptocurrency wallets to confirm the existence and accuracy of the declared reserves. The purpose of a reserve audit is to enhance transparency and instill confidence in the exchange's operations. What is Exchange Reserves Data? Exchange reserve data refers to the information or data related to the reserves held by a cryptocurrency exchange. This data can include details about the types and

BTC Liquidation map 10th July