Trading View - Pine Code

Video preview
//@version=5 strategy("Custom RSI Momentum Strategy by Ali", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=1000, initial_capital=1000, commission_type=strategy.commission.percent, commission_value=0.002) // === SETTINGS === rsiLength = input.int(7, title="RSI Period") rsiEntry = input.int(55, title="RSI Entry Threshold") rsiExit = input.int(25, title="RSI Exit Threshold") // === CALCULATE RSI === rsi = ta.rsi(close, rsiLength) // === ENTRY & EXIT CONDITIONS === enterLong = ta.crossover(rsi, rsiEntry) exitLong = ta.crossunder(rsi, rsiExit) // === STRATEGY EXECUTION === if enterLong and strategy.position_size == 0 strategy.entry("Long", strategy.long, comment = "ENTER-LONG_BINANCE_BTCUSDT_BOT-NAME-WIvl9u_5M_d6e06cc1dda665e81cb8060d") if exitLong and strategy.position_size > 0 strategy.close("Long", comment = "EXIT-LONG_BINANCE_BTCUSDT_BOT-NAME-WIvl9u_5M_d6e06cc1dda665e81cb8060d") // === PLOTS === plot(rsi, title="RSI", color=color.purple) hline(rsiEntry, "Entry Level", color=color.green) hline(rsiExit, "Exit Level", color=color.red)