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Multi-Timeframe Trend & RSI Trading - Fahim
Explanation:
Calculate RSI: Calculates the Relative Strength Index (RSI) to identify overbought and oversold conditions.
Calculate Moving Averages: Calculates fast and slow moving averages to identify trend direction.
Calculate Higher Timeframe Moving Averages: Calculates moving averages on higher timeframes (e.g., 12 hours and 1 day) to confirm the overall trend.
Identify Trend Conditions: Determines if the current price is in an uptrend or downtrend based on the moving averages.
Identify Higher Timeframe Trends: Determines if the higher timeframes are also in an uptrend or downtrend.
Identify RSI Divergence: Checks for bullish and bearish divergences between price and RSI.
Generate Buy and Sell Signals: Generates buy signals when bullish divergence occurs and all timeframes are in an uptrend. Generates sell signals when bearish divergence occurs and all timeframes are in a downtrend.
Calculate Fibonacci Levels: Calculates Fibonacci retracement levels based on recent price swings.
Calculate Support/Resistance Levels: Calculates support and resistance levels based on price action.
Plot Signals: Plots buy and sell signals on the chart.
Calculate Take Profit Targets: Calculates take profit targets using Fibonacci levels and support/resistance levels.
Calculate Stop Loss: Calculates a fixed stop loss percentage (2% in this example).
Calculate RSI: Calculates the Relative Strength Index (RSI) to identify overbought and oversold conditions.
Calculate Moving Averages: Calculates fast and slow moving averages to identify trend direction.
Calculate Higher Timeframe Moving Averages: Calculates moving averages on higher timeframes (e.g., 12 hours and 1 day) to confirm the overall trend.
Identify Trend Conditions: Determines if the current price is in an uptrend or downtrend based on the moving averages.
Identify Higher Timeframe Trends: Determines if the higher timeframes are also in an uptrend or downtrend.
Identify RSI Divergence: Checks for bullish and bearish divergences between price and RSI.
Generate Buy and Sell Signals: Generates buy signals when bullish divergence occurs and all timeframes are in an uptrend. Generates sell signals when bearish divergence occurs and all timeframes are in a downtrend.
Calculate Fibonacci Levels: Calculates Fibonacci retracement levels based on recent price swings.
Calculate Support/Resistance Levels: Calculates support and resistance levels based on price action.
Plot Signals: Plots buy and sell signals on the chart.
Calculate Take Profit Targets: Calculates take profit targets using Fibonacci levels and support/resistance levels.
Calculate Stop Loss: Calculates a fixed stop loss percentage (2% in this example).
סקריפט קוד פתוח
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כתב ויתור
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