This signal purely based on RSI happened only 7 times on the daily chart history of BTCUSD.
The formula is the following:
RSI is at the 50 days lowest and is rising for 3 bars, and is lower than the 160 days RSI with 5 (as RSI value) added and RSI is below 37.5
Signal history:
3 April 2014: 46% move up
18 August 2014: fail
16 June 2018: 30% move up
27 November 2018: +200% move up
22 May 2021: 80% move up
13 December 2021: fail
26 August 2023: 173% move up
Total Winners * 100 / Total Trades = 5 * 100 / 7 = 71.4% Winrate
Average winning trade: +105.8%
Important Note: The rarity of the signal (only 7 times) induces that a small amount of backtest data, and should not be used as sole indicator in your trading.
The formula is the following:
RSI is at the 50 days lowest and is rising for 3 bars, and is lower than the 160 days RSI with 5 (as RSI value) added and RSI is below 37.5
Signal history:
3 April 2014: 46% move up
18 August 2014: fail
16 June 2018: 30% move up
27 November 2018: +200% move up
22 May 2021: 80% move up
13 December 2021: fail
26 August 2023: 173% move up
Total Winners * 100 / Total Trades = 5 * 100 / 7 = 71.4% Winrate
Average winning trade: +105.8%
Important Note: The rarity of the signal (only 7 times) induces that a small amount of backtest data, and should not be used as sole indicator in your trading.
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Related publications
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.
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Related publications
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.