Multi-Timeframe RSI + Volume Trend Strategy

2024년 12월 29일

This TradingView strategy combines three core components to identify potential long entries and custom sell signals:

Moving Average (MA) Crossover for Long Entries

Uses a short-term MA crossover (MA A crosses above MA B) while both are above a longer-term MA C.
This indicates a bullish shift in short- and medium-term trends.
A position is only opened if no current long position exists.
Multi-Timeframe RSI Confirmation

Requires the RSI on 1-hour, 4-hour, and Daily charts to be within a specified range (e.g., 20–70).
This filters out entries when RSI is overly high or too low on multiple timeframes, aiming to catch reversals or healthy momentum.
Volume Filter for Buys

Confirms that the current bar’s volume exceeds a specified multiple (e.g., 1.5×) of its recent average volume.
Helps ensure that you only enter on higher-volume bars, potentially signifying stronger market interest.
Custom SELL Condition

High “Sell” Volume: The bar’s volume is above another user-defined threshold (e.g., 1.5× the volume MA).
RSI Cross-Down on Multiple Timeframes: At least two of the three timeframes’ RSIs (1h, 4h, Daily) must cross below 70 on the same bar.
MACD Bearish Crossover: The MACD line crosses below its signal line, suggesting a potential downshift in momentum.
When all these sell criteria align on the same bar, the strategy plots a “SELL” label above that bar. Optionally, you can automate a short entry or exit an existing long position at that point.

Stop Loss & Take Profit (ATR-Based)

Uses the Average True Range (ATR) to define dynamic stop loss and take profit levels.
Each bar recalculates these levels based on a multiplier of the ATR (e.g., 10.5× for stop loss, 30× for take profit).
Key Benefits

Trend Alignment: MA crossovers plus a longer MA filter keep the strategy aligned with a broader uptrend for longs.
Reduced False Signals: RSI confirmation on multiple timeframes and a volume check cut down on low-quality trades.
Adaptive Risk Management: ATR-based stops and targets scale with volatility, preventing stops from being too tight in volatile markets or too loose in quieter conditions.
Usage Tips

Parameter Tuning: Adjust RSI bounds, volume multipliers, and MA lengths to suit your market (crypto, forex, stocks).
Backtesting: Thoroughly test on historical data to gauge performance metrics (profit factor, drawdown, etc.).
Market Conditions: The strategy tends to do best in moderately trending environments. Highly choppy markets may produce more whipsaws.
Alerts: You can add alertcondition() calls to receive notifications when either BUY or SELL signals trigger.
With these features, the Multi-Timeframe RSI + Volume Trend Strategy aims to provide high-probability buy entries backed by bullish crossovers, momentum checks, and sufficient volume, while also identifying bearish conditions for exit or shorting through a robust, multi-factor sell signal.