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BTC Ema Crossover (Rsi+adx)

The document outlines a trading strategy for Bitcoin using a combination of technical indicators including RSI, ADX, and EMAs. It defines specific parameters for buy and sell signals, as well as stop-loss and target levels based on ATR. The strategy aims to achieve a high win rate by employing enhanced signal logic and plotting relevant indicators on a trading chart.

Uploaded by

Himank Sharma
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123 views2 pages

BTC Ema Crossover (Rsi+adx)

The document outlines a trading strategy for Bitcoin using a combination of technical indicators including RSI, ADX, and EMAs. It defines specific parameters for buy and sell signals, as well as stop-loss and target levels based on ATR. The strategy aims to achieve a high win rate by employing enhanced signal logic and plotting relevant indicators on a trading chart.

Uploaded by

Himank Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

strategy("Scalper's Edge BTC Strategy - High Win Rate", overlay=true)

// Inputs
rsiPeriod = input.int(7, "RSI Period", minval=1)
rsiOverbought = input.int(70, "RSI Overbought", minval=1)
rsiOversold = input.int(30, "RSI Oversold", minval=1)
adxPeriod = input.int(14, "ADX Period", minval=1)
adxThreshold = input.int(30, "ADX Threshold", minval=1) // Increased from 25 to 30
emaFastPeriod = input.int(5, "EMA Fast Period", minval=1)
emaSlowPeriod = input.int(21, "EMA Slow Period", minval=1)
emaTrendPeriod = input.int(50, "EMA Trend Period", minval=1) // Added trend EMA
atrPeriod = input.int(14, "ATR Period", minval=1)
targetMultiplier = input.float(1.5, "Target Multiplier (Risk:Reward)",
minval=1.0) // Reduced from 2.0 to 1.5

// Calculations
// RSI
rsi = ta.rsi(close, rsiPeriod)
rsiRising = rsi > rsi[1] // RSI increasing for buy confirmation
rsiFalling = rsi < rsi[1] // RSI decreasing for sell confirmation

// Manual ADX Calculation


tr = ta.tr(true)
plusDM = high - high[1] > low[1] - low ? math.max(high - high[1], 0) : 0
minusDM = low[1] - low > high - high[1] ? math.max(low[1] - low, 0) : 0
trSmooth = ta.rma(tr, adxPeriod)
plusDMSmooth = ta.rma(plusDM, adxPeriod)
minusDMSmooth = ta.rma(minusDM, adxPeriod)
plusDI = 100 * plusDMSmooth / trSmooth
minusDI = 100 * minusDMSmooth / trSmooth
dx = 100 * math.abs(plusDI - minusDI) / (plusDI + minusDI)
adx = ta.rma(dx, adxPeriod)

// EMAs
emaFast = ta.ema(close, emaFastPeriod)
emaSlow = ta.ema(close, emaSlowPeriod)
emaTrend = ta.ema(close, emaTrendPeriod) // Trend filter

// ATR for SL and Targets


atr = ta.atr(atrPeriod)

// Enhanced Signal Logic


buySignal = ta.crossover(emaFast, emaSlow) and rsi > rsiOversold and rsi <
rsiOverbought and adx > adxThreshold and close > emaTrend and rsiRising
sellSignal = ta.crossunder(emaFast, emaSlow) and rsi < rsiOverbought and rsi >
rsiOversold and adx > adxThreshold and close < emaTrend and rsiFalling

// Stop-Loss and Target Levels


var float buySL = na
var float buyTarget = na
var float sellSL = na
var float sellTarget = na

if buySignal
buySL := low - atr
buyTarget := close + (close - buySL) * targetMultiplier

if sellSignal
sellSL := high + atr
sellTarget := close - (sellSL - close) * targetMultiplier

// Strategy Execution (Non-repainting)


buyEntry = ta.crossover(emaFast[1], emaSlow[1]) and rsi[1] > rsiOversold and rsi[1]
< rsiOverbought and adx[1] > adxThreshold and close[1] > emaTrend[1] and
rsiRising[1]
sellEntry = ta.crossunder(emaFast[1], emaSlow[1]) and rsi[1] < rsiOverbought and
rsi[1] > rsiOversold and adx[1] > adxThreshold and close[1] < emaTrend[1] and
rsiFalling[1]

if buyEntry
strategy.entry("Long", strategy.long)
strategy.exit("Exit Long", "Long", stop=buySL, profit=buyTarget)

if sellEntry
strategy.entry("Short", strategy.short)
strategy.exit("Exit Short", "Short", stop=sellSL, profit=sellTarget)

// Plot Signals
plotshape(buySignal, title="Buy Signal", location=location.belowbar,
color=color.green, style=shape.triangleup, size=size.small)
plotshape(sellSignal, title="Sell Signal", location=location.abovebar,
color=color.red, style=shape.triangledown, size=size.small)

// Plot EMAs
plot(emaFast, "EMA Fast", color=color.green, linewidth=2)
plot(emaSlow, "EMA Slow", color=color.red, linewidth=2)
plot(emaTrend, "EMA Trend", color=color.blue, linewidth=1) // Added trend EMA plot

// Plot SL and Targets


plot(buySL, "Buy SL", color=color.red, style=plot.style_cross, linewidth=1,
trackprice=true)
plot(buyTarget, "Buy Target", color=color.green, style=plot.style_cross,
linewidth=1, trackprice=true)
plot(sellSL, "Sell SL", color=color.red, style=plot.style_cross, linewidth=1,
trackprice=true)
plot(sellTarget, "Sell Target", color=color.green, style=plot.style_cross,
linewidth=1, trackprice=true)

// Debug Plots (Optional)


// plot(rsi, "RSI", color=color.blue, display=display.bottom)
// plot(adx, "ADX", color=color.orange, display=display.bottom)

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