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RSI Fibonacci Levels Strategy

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Oscillators Centered Oscillators Trend Analysis BTCUSD BTCUSDT ETHUSD ETHUSDT
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oscillator centeredoscillator trendanalysis btcusd btcusdt ethusd ethusdt
RSI with Fibonacci Levels

Visually can be used as:
- Countertrend indicator at extreme green/red lines
- Follow trend indicator
- Fibonacci supports and resistantes zones

The strategy works as a follow trend

How to trade:
The indicator is more reliable in longer time frames, at least 4H
Choose a fibonacci level as reference
Buy when the RSI line turns green
Sell when the RSI line turns red
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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