This strategy enters long on an outside bar when the candle is bullish, the Klinger Volume Oscillator is positive, and price is above a Hull moving average. It enters short on an inside bar when the candle is bearish, the oscillator is negative, and price is b
Strategy · Pine Script v5 · On the chart
RSI2 Optimized STEPFUN
This strategy draws on the price chart and trades a two-period RSI.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code196
Settings14inputs
LicenceNone stated
Last update2 days ago28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
RSI2 Optimized STEPFUN enters long when RSI crosses above the oversold level and short when RSI crosses below the overbought level. An optional SMA trend filter, volume confirmation, and cooldown can block entries. The default exit mode is a trailing stop; other modes exit at a fixed RSI level or at percentage take-profit and stop-loss. Position size is a percentage of equity, and pyramiding is disabled.
- Two-period RSI cross entries
- Optional SMA trend filter
- Volume confirmation filter
- Trailing, fixed RSI, or percent exits
- Cooldown between entries
Details
Published by
eltonaguiar on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
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 | 2 | rsi_length |
| Oversold Level | int | 30 | oversold |
| Overbought Level | int | 70 | overbought |
| Use Trend Filter | bool | true | use_trend_filter |
| Trend Filter SMA Period | int | 200 | trend_filter_period |
| Volume Confirmation | bool | true | use_volume_confirm |
| Volume Multiplier | float | 1.5 | volume_multiplier |
| Exit Mode | string | Trailing | exit_mode |
| Trailing Offset % | float | 1.0 | trail_offset_pct |
| Take Profit % | float | 3.0 | tp_percent |
| Stop Loss % | float | 1.5 | sl_percent |
| Position Size % | float | 100.0 | position_size_pct |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use Cooldown Period | bool | true | use_cooldown |
| Cooldown Bars | int | 3 | cooldown_bars |
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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