It is the popular RSI indicator with VWAP as a source instead of close.
What is the Volume Weighted Average Price (VWAP)?
VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded. That is, volume.
On the Backtest, trades are laddered to improve the average entrance price.
Good afternoon! And how can I test this indicator?
Kenneth_BullMkt
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Do you know if this works with Stocks/Futures as well? Or just Crypto primarily?
UnknownUnicorn2151907
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@Kenneth_BullMkt, try this with SP500 on OANDA at 30 minutes for example: (34, 20 , 80) and change the comission value to 0.2 USD per contract. You will see a profit factor >= 8 🤑
FranSkaf
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is there a possibility to use take profit and stop loss in your script to run the backtest?
eggman94
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Hey I really love your indicator! How can one edit the message to be compatible with a 3commas message?
RSI-VWAP INDICATOR (19, 19, 82):
order {{strategy.order.action}} @ < could I insert the 3commas message in here? and determine what it message it will trigger in the code?
{{strategy.order.contracts}} filled on {{ticker}}.
New strategy position is {{strategy.position_size}}
Hey mate, changed it up a bit. Configured it for binance settings (commission=0.1% trading fee that binance charges, added stop loss and take profit levels for risk management, Also added in security function to combat repainting. Works great on all timeframes, but Im trying to tweak it for lower timeframes. Might throw in a moving average not sure yet. Hope you like it :)