OPEN-SOURCE SCRIPT
Coil Breaker | RSI Range Compression
Most RSI strategies fire off static 30/70 thresholds. Coil Breaker does something different: it treats RSI itself as a volatility asset and watches for its own trading range to contract to a multi-month low — a "coil" — before trading the breakout when it releases.
How it works:
Important — read before trading:
This is a breakout/momentum system, not a mean-reversion one, and it behaves accordingly: expect a low win rate (often 30–40%) alongside a high average win/loss ratio. Most coil breakouts fail or chop — you're paying for early entry with more false signals. The edge comes from asymmetric payoff (2R+ winners vs. 1R losers), not from being right often. Judge this strategy on profit factor and expectancy, not win rate. If a 60%+ win rate is what you're looking for, this isn't that system.
Tips:
How it works:
- Measures RSI's high-minus-low range over the last N bars and ranks it against its own history using a percentile score
- When that range compresses into the bottom percentile (default 20%), RSI is flagged as "coiled" — oscillating tightly around 50, momentum dormant
- A dynamic Bollinger-style channel is plotted directly around RSI so you can visually watch the coil tighten before it fires
- Once a squeeze has been active recently, a breakout above/below the established coil band (not the still-forming one) triggers an entry
- Direction is set by an EMA slope filter — the coil tells you something's coming, the EMA tells you which way
- Optional ADX filter keeps you out of truly dead, directionless chop
- ATR-based stop, fixed R-multiple target, and equity-percent risk sizing so every trade risks a constant dollar amount
Important — read before trading:
This is a breakout/momentum system, not a mean-reversion one, and it behaves accordingly: expect a low win rate (often 30–40%) alongside a high average win/loss ratio. Most coil breakouts fail or chop — you're paying for early entry with more false signals. The edge comes from asymmetric payoff (2R+ winners vs. 1R losers), not from being right often. Judge this strategy on profit factor and expectancy, not win rate. If a 60%+ win rate is what you're looking for, this isn't that system.
Tips:
- Backtest coilLen, pctLen, and the percentile threshold across your specific instrument/timeframe — coil dynamics vary a lot between assets
- Watch the equity curve shape, not just the total return — make sure gains aren't carried by one or two outlier trades
- Works best on instruments/timeframes with genuine volatility cycles (expansion/contraction), not ultra-choppy or illiquid markets
- Pair with higher-timeframe context if you want to filter out counter-trend coil breaks
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
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.