MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
BTC Sentiment analysis RSI
This strategy plots the RSI of Bitfinex Bitcoin long and short interest in a separate pane and colors a zero line from changes in those series versus short exponential moving averages.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code37
Settings8inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
37 lines of Pine Script v4 from BTC Sentiment analysis RSI 2xEMA.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © exlux99
//@version=4
strategy("BTC Sentiment analysis RSI",initial_capital = 1000, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.03, pyramiding=1 )
longs = change(security("BITFINEX:BTCUSDLONGS", timeframe.period, close))
shorts = change(security("BITFINEX:BTCUSDSHORTS", timeframe.period, close))
l = input(48, title="RSI length")
rsilong = rsi(security("BITFINEX:BTCUSDLONGS", timeframe.period, close), l)
rsishort = rsi(security("BITFINEX:BTCUSDSHORTS", timeframe.period, close), l)
plot(rsilong, color=color.green, style=plot.style_line)
plot(rsishort, color=color.red, style=plot.style_line)
ema_input=input(10)
ema_1 = ema(longs, ema_input)
ema_2 = ema(shorts, ema_input)
ema_3 = ema(longs, ema_input)
ema_4 = ema(shorts, ema_input)
bcolor = longs > ema(longs, ema_input) and shorts > ema(shorts, ema_input) ? color.yellow :
longs > ema_1 and shorts < ema_2 ? color.lime :
longs < ema_3 and shorts > ema_4 ? color.red : color.gray
plot(0, color=bcolor, style=plot.style_cross, linewidth=3)
hline(0)
fromDay = input(defval = 1, title = "From Day", minval = 1, maxval = 31)
fromMonth = input(defval = 1, title = "From Month", minval = 1, maxval = 12)
fromYear = input(defval = 2000, title = "From Year", minval = 1970)
//monday and session
// To Date Inputs
toDay = input(defval = 31, title = "To Day", minval = 1, maxval = 31)
toMonth = input(defval = 12, title = "To Month", minval = 1, maxval = 12)
toYear = input(defval = 2021, title = "To Year", minval = 1970)
startDate = timestamp(fromYear, fromMonth, fromDay, 00, 00)
finishDate = timestamp(toYear, toMonth, toDay, 00, 00)
time_cond = time >= startDate and time <= finishDate
if(time_cond)
strategy.entry("long",1,when=crossover(rsilong,rsishort) and (longs > ema_1 and shorts < ema_2))
strategy.close('long',when=crossunder(rsilong,rsishort) and (longs < ema_3 and shorts > ema_4))
//strategy.entry('short',0,when=crossunder(rsilong,rsishort) and longs < ema_3 and shorts > ema_4)
Expand (45 lines)
Overview
BTC Sentiment analysis RSI opens a long when the long-interest RSI crosses above the short-interest RSI and long interest is above its average while short interest is below its average. It closes that long on the opposite cross with the opposite average relationship. RSI length, average length, and a date window are adjustable. There is no stop loss, and the short entry is disabled.
- Bitfinex BTC long and short RSI plots
- EMA filter on sentiment changes
- Zero-line color for sentiment state
- Date-range trading window
- Long entry and opposite-cross exit
Details
Published by
hasnocool on GitHub
Code credit
exlux99, as written in the script's header
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI length | int | 48 | l |
| ema_input | int | 10 | ema_input |
| From Day | int | 1 | fromDay |
| From Month | int | 1 | fromMonth |
| From Year | int | 2000 | fromYear |
| To Day | int | 31 | toDay |
| To Month | int | 12 | toMonth |
| To Year | int | 2021 | toYear |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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