OPEN-SOURCE SCRIPT
Mike's Crossover Bot

Greetings! As a newcomer to coding, I've developed a simple trading bot for experimentation purposes. However, it's important to note that this bot has not undergone rigorous testing, so please exercise caution and use it at your own risk.
Bot Overview:
The bot operates by leveraging two technical indicators: Moving Average Convergence Divergence (MACD) with 7-day and 25-day parameters, and the Relative Strength Index (RSI). These indicators help identify potential buying and selling opportunities in the market.
MACD Crossovers:
The MACD is a trend-following momentum indicator that compares short-term and long-term moving averages. In our bot, we look for crossovers between the 7-day and 25-day MACD lines. A crossover occurs when these lines intersect, suggesting a potential change in market direction.
RSI Confirmation:
To refine our signals, we incorporate the Relative Strength Index (RSI). When a MACD crossover happens, the bot checks if the RSI is below 40. If it is, a buy signal is generated, indicating a potential undervalued condition. Conversely, when the RSI is above 60 during a crossover, a sell signal is triggered, suggesting a potentially overvalued condition.
Important Considerations:
New Coder Disclaimer: This bot is designed for educational purposes, especially for those who are new to coding. It serves as a learning tool and is not intended for live trading without proper testing.
Risk Awareness: Trading always involves risks, and the bot's performance has not been thoroughly tested in live market conditions. It's crucial to exercise caution and be aware of the inherent risks associated with financial markets.
Continuous Learning: Coding and algorithmic trading are dynamic fields. As you explore this bot, consider it a starting point for learning and continuously seek to enhance your understanding and skills in coding and trading strategies.
Remember, the success of any trading strategy depends on various factors, and past performance is not indicative of future results. Always conduct thorough testing before considering any automated strategy for live trading.
Bot Overview:
The bot operates by leveraging two technical indicators: Moving Average Convergence Divergence (MACD) with 7-day and 25-day parameters, and the Relative Strength Index (RSI). These indicators help identify potential buying and selling opportunities in the market.
MACD Crossovers:
The MACD is a trend-following momentum indicator that compares short-term and long-term moving averages. In our bot, we look for crossovers between the 7-day and 25-day MACD lines. A crossover occurs when these lines intersect, suggesting a potential change in market direction.
RSI Confirmation:
To refine our signals, we incorporate the Relative Strength Index (RSI). When a MACD crossover happens, the bot checks if the RSI is below 40. If it is, a buy signal is generated, indicating a potential undervalued condition. Conversely, when the RSI is above 60 during a crossover, a sell signal is triggered, suggesting a potentially overvalued condition.
Important Considerations:
New Coder Disclaimer: This bot is designed for educational purposes, especially for those who are new to coding. It serves as a learning tool and is not intended for live trading without proper testing.
Risk Awareness: Trading always involves risks, and the bot's performance has not been thoroughly tested in live market conditions. It's crucial to exercise caution and be aware of the inherent risks associated with financial markets.
Continuous Learning: Coding and algorithmic trading are dynamic fields. As you explore this bot, consider it a starting point for learning and continuously seek to enhance your understanding and skills in coding and trading strategies.
Remember, the success of any trading strategy depends on various factors, and past performance is not indicative of future results. Always conduct thorough testing before considering any automated strategy for live trading.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.