xxattaxx-DisDev

Grid Bot RSI

Grid Bot Simulator. Based on RSI levels.

How it works:
Prices are divided into grids, or trade zones, that are based on RSI levels. Buys will trigger when the RSI crosses into a higher zone, after descending. Sells will trigger when the RSI crosses into a lower zone, after ascending. After triggering, a new signal will not be produced until the RSI progresses into better zone.

Standard Settings:
  • RSI Length
  • Number of Grids
  • RSI Type: Standard RSI or Jurik RSX (based on Everget’s formula)
  • Show All Grids

Experimental Features (Adjust in settings menu):

No Trade Zone: RSI Levels where no trades will be signaled. Adjust to prevent over-buying/selling in narrow markets. Default: 35-65:
No Trade Zone (40-60)


Aggression Level: Increase aggressiveness to stack buys/sells at extreme RSI levels:
Aggression = high

Aggression = low


Market Direction: If market is trending up, the bot will skip every other sell ( = more buys than sells). If down, will skip every other buy (more sells than buys). Default: neutral.
Market Direction: down


Market Direction: neutral
Release Notes:
  • Removed offsets for plots
  • Added buy and bell signals at upper and lower limits

USDT(TRC20):THb7BFnXP3FceQDSoLqG8DiE7KrfjZLJn7
USDT(ERC20):0xe5f4aab4dd0f297843146d51605010bf2c2f83e7
BTC:19VVs5MGYi9gWDoHZVwqpiXfqao3WpePRY
Link:0xe5f4aab4dd0f297843146d51605010bf2c2f83e7
ETH(ERC20): 0xe5f4aab4dd0f297843146d51605010bf2c2
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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