Relative Strength Index with Highlights and Success Test
This script does two things:
1- Highlights extreme levels on RSI
2- Calculates what % of the time, price closed higher (lower) with some minimum threshold when RSI was below oversold (overbought) level in a predefined number of bars.
I use this to understand if buying the dip/selling the rip works for a security and on what time frame and if it could be a profitable strategy that can generate large enough moves.
No guarantees on the accuracy of the code. Let me know if you see anything wrong
1- Highlights extreme levels on RSI
2- Calculates what % of the time, price closed higher (lower) with some minimum threshold when RSI was below oversold (overbought) level in a predefined number of bars.
I use this to understand if buying the dip/selling the rip works for a security and on what time frame and if it could be a profitable strategy that can generate large enough moves.
No guarantees on the accuracy of the code. Let me know if you see anything wrong
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.