SSE Index RSI Bounce Strategy: Free TradingView Strategy (Pine Script)

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

SSE Index RSI Bounce Strategy identifies long entries when daily or weekly RSI crosses up from oversold thresholds, or when price extends above a long-term EMA threshold. Exits execute upon RSI overbought crossovers or short-term EMA price drops reinforced by optional volume confirmation. Users can adjust RSI thresholds, EMA lengths, and distinct position sizing percentages for each signal type. Unshifted higher-timeframe data requests may update signals intra-week.

Multi-timeframe RSI oversold bounce triggers
EMA distance threshold entry logic
Volume-confirmed EMA crossover exits
Independent position sizing for signal types

Details

Published by

zhutoutoutousan on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Indices, Stocks

Timeframes

M15-H1, H4 and above

Risk Notes

Signals can change on the live bar or after it closes (repainting)
The strategy can add several entries in the same direction
The strategy enters trades without a stop loss

File

frontline/tradingview/SSEEMARSICocktail/main.pine

Repository

github.com/zhutoutoutousan/profitable-expert-advisor. See its other scripts in the library

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`	`17`	`rsi_length`
RSI Oversold Level	`int`	`27`	`rsi_oversold`
RSI Overbought Level	`int`	`86`	`rsi_overbought`
EMA Length	`int`	`177`	`ema_length`
Weekly Signal Position Size (%)	`float`	`14.0`	`weekly_position_size`
Daily Signal Position Size (%)	`float`	`11.0`	`daily_position_size`
Partial Exit Percentage on Daily RSI Overbought (%)	`float`	`41.0`	`partial_exit_percent`
EMA Distance Threshold (Pips)	`float`	`16.0`	`ema_distance_threshold`
EMA Distance Position Size (%)	`float`	`53`	`ema_distance_position_size`
EMA Exit Period	`int`	`34`	`ema_exit_period`
Require Volume Confirmation for EMA Exit	`bool`	`true`	`enable_volume_confirmation`

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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