BBW RSI 60 Study

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Greeffer
// github.com/modster or modster.github.io
// 210.14% profit in backtesting. Trading BTCUSDT 60 minute time frame on Binance Spot Exchange
//@version=4

// S t u d y
study('BBW/RSI/60 Study', 'BBW/RSI/60 Study', overlay=true, precision=4)

// V a r i a b l e s
source = close
sell = input(title="Sell", defval=75, minval=0, maxval=100)
buy = input(title="Buy", defval=25, minval=0, maxval=100)
length = input(title="Length", defval=14, minval=1, maxval=500)

// R S I
myRsi = rsi(source, length)
plot(myRsi, title="myRsi", color=color.blue, display=display.none)
//hline(buy, title='buy', color=color.red, display=display.none) //linestyle=hline.style_dotted, linewidth=1)
//hline(sell, title='sell', color=color.red, display=display.none) //linestyle=hline.style_dotted, linewidth=1)

// B o l l i n g e r   B a n d s 
[middle, upper, lower] = bb(source, length, 2)
plot(middle, title="middle", color=color.red, linewidth=2, style=plot.style_line, transp=70)
plot(upper, title="upper", color=color.green, linewidth=2, style=plot.style_line, transp=70)
plot(lower, title="lower", color=color.green,  linewidth=2, style=plot.style_line, transp=70)

// B o l l i n g e r  B a n d  W i d t h 
bbW = bbw(source, length, 2)
plot(bbW, title="bbWidth", color=color.orange, display=display.none)

//  C o n d i t i o n s 
buyCondition = crossunder(bbW, 0.01)
sellCondition = cross(source, upper) and myRsi >= sell
stopCondition = crossunder(source, middle) and bbW>0.05

if(stopCondition)
    //strategy.close(id, when, comment, qty, qty_percent) 
    strategy.close("long", when=strategy.position_size > 0, comment="stop", qty_percent=100)

if(buyCondition)
    // strategy.entry(id, long, qty, limit, stop, oca_name, oca_type, comment, when)
    strategy.entry("long", strategy.long, qty=100, stop=lower, oca_name="long0", oca_type=strategy.oca.reduce, when=strategy.position_size <= 0)

if(sellCondition)
    // strategy.order(id, long, qty, limit, stop, oca_name, oca_type, comment, when)
    strategy.order("short", strategy.short, qty=10, stop=upper, oca_name="long0", oca_type=strategy.oca.reduce, when=myRsi>=95)
    strategy.order("short", strategy.short, qty=20, stop=upper, oca_name="long0", oca_type=strategy.oca.reduce, when=myRsi>=80)
    strategy.order("short", strategy.short, qty=10, stop=upper, oca_name="long0", oca_type=strategy.oca.reduce, when=strategy.position_size>40)

// B u y
alertcondition(buyCondition, title='Buy', message='{"direction":"buy","close":"{{close}}","time":"{{time}}"}')

// S e l l
alertcondition(sellCondition, title='Sell', message='{"direction":"sell","close":"{{close}}","time":"{{time}}"}')

// S t o p
alertcondition(stopCondition, title='Stop', message='{"direction":"stop","close":"{{close}}","time":"{{time}}"}')