Description
This week, we decided to update our RSI-VWAP strategy for the 15-minute timeframe on ETH-Perpetual. The original idea was taken from XaviZI. We added partial take-profits, the Relative Volatility Index (RVI) to determine entry and exit points only when volatility begins to increase, and the Money Flow Index (MFI) as an additional point for entry.
You will find the strategy code here: RSI-VWAP.
IMPORTANT!
Input partial take profits in your WunderTrading bot settings
This is a trend strategy and works best in trending markets
A trend identifier was added using the interaction between the EMA and SMA
Take-profit and stop-loss levels were added
Inputs for period selection were added, allowing you to evaluate the strategy’s performance on a monthly basis
RVI was used for entry conditions
MFI was added for additional entries
Partial take-profits are supported
Settings
Applicable to FTX: ETH-PERP 15 min
Input | Value |
Period | 20 |
RVI Period | 100 |
RVI Benchmark | 20 |
MFI Length | 11 |
MFI Lower Level | 24 |
MFI Higher Level | 85 |
RSI-VWAP LENGTH LONG | 25 |
RSI-VWAP OVERSOLD LONG | 15 |
RSI-VWAP OVERBOUGHT LONG | 80 |
RSI-VWAP LENGTH SHORT | 25 |
RSI-VWAP OVERSOLD SHORT | 10 |
RSI-VWAP OVERBOUGHT SHORT | 70 |
Long Take Profit 1 (%) | 4 |
Long Take Profit 1 (Qty) | 15 |
Long Take Profit 2 (%) | 12 |
Long Take Profit 2 (Qty) | 100 |
Long Stop Loss (%) | 3.3 |
Short Take Profit 1 (%) | 3.2 |
Short Take Profit 1 (Qty) | 20 |
Short Take Profit 2 (%) | 5.5 |
Short Take Profit 2 (Qty) | 100 |
Short Stop Loss (%) | 3.2 |
TradingView Strategy Script Code
You can copy this code and paste it into your TradingView.