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VDX Org

The document defines a trading strategy that calculates buy and sell signals based on RSI and price levels. When a buy signal occurs, it places labels on the chart at the entry, two take profit targets, and stop loss level. For sell signals, it similarly places labels at the exit, two take profit targets, and stop loss level.

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Vikas
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200 views2 pages

VDX Org

The document defines a trading strategy that calculates buy and sell signals based on RSI and price levels. When a buy signal occurs, it places labels on the chart at the entry, two take profit targets, and stop loss level. For sell signals, it similarly places labels at the exit, two take profit targets, and stop loss level.

Uploaded by

Vikas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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//@version=4

study(title = "VDX ", overlay = true,max_labels_count = 500)

sSL = highest(high, 60)

bSL = lowest(low, 60)

R = sSL-bSL

bEN = bSL + 0.11 * R

bT1 = bSL + 0.23 * R

bT2 = bSL + 0.38 * R

sEN = sSL - 0.11 * R

sT1 = sSL - 0.23 * R

sT2 = sSL - 0.38 * R

buy = crossover(rsi(close,14), 30) and close <= bT1 and hour <= 14

sell = crossunder(rsi(close,14), 70) and close >= sT1 and hour <= 14

if (buy)

label.new(bar_index,high, text = "B")

label.new(bar_index[4], bEN, text="———————————————————————— Buy: " +


tostring(bEN),style = label.style_label_left,textcolor = color.blue, color = color.new(color.black, 100))

label.new(bar_index[4], bT1, text="———————————————————————— TGT1: " +


tostring(bT1),style = label.style_label_left,textcolor = color.green, color = color.new(color.black, 100))

label.new(bar_index[4], bT2, text="———————————————————————— TGT2: " +


tostring(bT2),style = label.style_label_left,textcolor = color.green, color = color.new(color.yellow, 100))

label.new(bar_index[4], bSL, text="———————————————————————— SL: " +


tostring(bSL),style = label.style_label_left,textcolor = color.red, color = color.new(color.black, 100))

if (sell)

label.new(bar_index,high, text = "S")

label.new(bar_index[4], sEN, text="———————————————————————— Sell: " +


tostring(sEN),style = label.style_label_left,textcolor = color.blue, color = color.new(color.black, 100))
label.new(bar_index[4], sT1, text="———————————————————————— TGT1: " +
tostring(sT1),style = label.style_label_left,textcolor = color.green, color = color.new(color.black, 100))

label.new(bar_index[4], sT2, text="———————————————————————— TGT2: " +


tostring(sT2),style = label.style_label_left,textcolor = color.green, color = color.new(color.yellow, 100))

label.new(bar_index[4], sSL, text="———————————————————————— SL: " +


tostring(sSL),style = label.style_label_left,textcolor = color.red, color = color.new(color.black, 100))

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