QuantNomad - RSI Strategy - LTCUSDT - 5m by QuantNomad

oscillator relativestrengthindex rsi_overbought rsi_oversold rsioversold ltc ltcusd ltsusdt litecoin

Really nice performance of Simple RSI Strategy for LTCUSDT ( Binance ) 5m chart.
Params: RSI Length: 3, RSI OverSold level: 47, RSI OverBought Level: 56
Performance: 391% profit, 2400 trades, 42% prof, 14.6% dd , 0.65 sharpe.

I think this strategy can be a really nice base for a pretty good strategy. We have quite a lot of trades here you can add additional filters that will improve strategy a bit.

And remember:
Past performance does not guarantee future results.

Release Notes:

Cleaning the code

My First Live Course: qntly.com/101
Pine Programming v5: qntly.com/pineprog
Adv.Pine Use-Cases: qntly.com/advpine

Hire Me: qntly.com/hirepine
Telegram: qntly.com/tel

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

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