RSI-VWAP

2020년 1월 6일

Backtest script based on the previous RSI-VWAP indicator:

It's the popular RSI indicator with VWAP as a source instead of close:
- RSI_VWAP = rsi(vwap(close), RSI_VWAP_length)

What is the Volume Weighted Average Price ( VWAP )?
VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded.

Trades are laddered to improve the average entry price and each entry is increased, improving the entry but increasing the risk of being liquidated.

It can be easily converted to study (alerts)

Settings for BTCUSDT at 30m

2020년 1월 16일

릴리즈 노트

Another sub-level of overbought and oversold has been added for more possible entries.
A condition has been added so that each entry is better than the previous one according with the average price of the position.
The closing percentage for the Take Profit has been added.
Bulls and bears can be activated independently or all at once.

Happy Trading...