RSI-VWAP

RSI-VWAP - free crypto trading bot. TradingView Scripts.
Top FREE crypto trading bot for Tradingview! 
To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimise them and convert into alerts, so you can set it up as a bot on Wunderbit Trading platform.
Performance of RSI-VWAP - free TradingView bot strategy.
Note
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What we will provide
Open-strategy source
Strategy adjustment for particular exchange, pair and timeframe
Backtest
Video overview of RSI-VWAP - free TradingView bot strategy.
Description
This week we found a nice strategy for a 15 min time frame. The original idea was taken from: XaviZ​l. Originally. This is a simple strategy that is using the RSI indicator with VWAP as a source instead of the closing price. You will find the original strategy code here: RSI-VWAP​
IMPORTANT
This is a trend strategy and works better in the trending market 
We added the trend identifier using the EMA and SMA interaction
We Added Take profit and Stop Loss levels
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
Settings
Applicable to FTX: ETH-PERP 15 min
Input
Value
Period
14
RSI-VWAP LENGTH LONG
15
RSI-VWAP OVERSOLD LONG
15
RSI-VWAP OVERBOUGHT LONG
72
RSI-VWAP LENGTH SHORT
14
RSI-VWAP OVERSOLD SHORT
8
RSI-VWAP OVERBOUGHT SHORT
72
Long Take Profit %
NA (100)
Long Stop Loss%
3.3
Trailing Stop Long
NA (100)
Short Take Profit %
NA (100)
Short Stop Loss%
4
Trailing Stop Short
NA (100)
Revised strategy script code
You can copy this code and paste it into your TradingView
// © Wunderbit Trading
​
//@version=4
strategy("RSI-VWAP INDICATOR", overlay=false, initial_capital = 1000, currency = "USD", pyramiding = 3, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100)
​
/// TREND
ribbon_period = input(14, "Period", step=1)
​
leadLine1 = ema(close, ribbon_period)
leadLine2 = sma(close, ribbon_period)
​
p1 = plot(leadLine1, color= #53b987, title="EMA", transp = 50, linewidth = 1)
p2 = plot(leadLine2, color= #eb4d5c, title="SMA", transp = 50, linewidth = 1)
fill(p1, p2, transp = 60, color = leadLine1 > leadLine2 ? #53b987 : #eb4d5c)
​
// Initial inputs
Act_RSI_VWAP_long = input(true, "RSI VOLUME WEIGHTED AVERAGE PRICE LONG")
RSI_VWAP_length_long = input(15, "RSI-VWAP LENGTH LONG")
RSI_VWAP_overSold_long = input(15, "RSI-VWAP OVERSOLD LONG", type=input.float)
RSI_VWAP_overBought_long = input(72, "RSI-VWAP OVERBOUGHT LONG", type=input.float)
​
Act_RSI_VWAP_short = input(true, "RSI VOLUME WEIGHTED AVERAGE PRICE SHORT")
RSI_VWAP_length_short = input(14, "RSI-VWAP LENGTH SHORT")
RSI_VWAP_overSold_short = input(8, "RSI-VWAP OVERSOLD SHORT", type=input.float)
RSI_VWAP_overBought_short = input(72, "RSI-VWAP OVERBOUGHT SHORT", type=input.float)
​
// RSI with VWAP as source
RSI_VWAP_long = rsi(vwap(close), RSI_VWAP_length_long)
RSI_VWAP_short = rsi(vwap(close), RSI_VWAP_length_short)
​
// Plot Them Separately.
//Plotting LONG, Put overlay=false
r_long=plot(RSI_VWAP_long, color = RSI_VWAP_long > RSI_VWAP_overBought_long ? color.red : RSI_VWAP_long < RSI_VWAP_overSold_long ? color.lime : color.blue, title="rsi", linewidth=2, style=plot.style_line)
h1_long=plot(RSI_VWAP_overBought_long, color = color.gray, style=plot.style_stepline)
h2_long=plot(RSI_VWAP_overSold_long, color = color.gray, style=plot.style_stepline)
fill(r_long,h1_long, color = RSI_VWAP_long > RSI_VWAP_overBought_long ? color.red : na, transp = 60)
fill(r_long,h2_long, color = RSI_VWAP_long < RSI_VWAP_overSold_long ? color.lime : na, transp = 60)
​
// Plotting SHORT, Put overlay=false
r_short=plot(RSI_VWAP_short, color = RSI_VWAP_short > RSI_VWAP_overBought_short ? color.red : RSI_VWAP_short < RSI_VWAP_overSold_short ? color.lime : color.blue, title="rsi", linewidth=2, style=plot.style_line)
h1_short=plot(RSI_VWAP_overBought_short, color = color.gray, style=plot.style_stepline)
h2_short=plot(RSI_VWAP_overSold_short, color = color.gray, style=plot.style_stepline)
fill(r_short,h1_short, color = RSI_VWAP_short > RSI_VWAP_overBought_short ? color.red : na, transp = 60)
fill(r_short,h2_short, color = RSI_VWAP_short < RSI_VWAP_overSold_short ? color.lime : na, transp = 60)
​
​
///////  STRATEGY Take Profit / Stop Loss ////////
////// LONG //////
long_tp_inp = input(100, title='Long Take Profit %', step=0.1)/100
long_sl_inp = input(3.3, title='Long Stop Loss %', step=0.1)/100
long_trailing = input(100, title='Trailing Stop Long', step=0.1) / 100
​
long_take_level = strategy.position_avg_price * (1 + long_tp_inp)
long_stop_level = strategy.position_avg_price * (1 - long_sl_inp)
​
////// SHORT //////
short_tp_inp = input(100, title='Short Take Profit %', step=0.1)/100
short_sl_inp = input(4, title='Short Stop Loss %', step=0.1)/100
short_trailing = input(100, title='Trailing Stop short', step=0.1) / 100
​
short_take_level = strategy.position_avg_price * (1 - short_tp_inp)
short_stop_level = strategy.position_avg_price * (1 + short_sl_inp)
​
///Strategy_Conditions
/// LONG ///
entry_long =crossover(RSI_VWAP_long, RSI_VWAP_overSold_long) and leadLine2<leadLine1
entry_price_long=valuewhen(entry_long,close,0)
exit_long =crossunder(RSI_VWAP_long, RSI_VWAP_overBought_long)
​
/// SHORT ///
​
entry_short =crossunder(RSI_VWAP_short, RSI_VWAP_overBought_short) and leadLine2>leadLine1
entry_price_short=valuewhen(entry_short,close,0)
exit_short =crossover(RSI_VWAP_short, RSI_VWAP_overSold_short)
​
////// BACKTEST PERIOD ///////
testStartYear = input(2019, "Backtest Start Year")
testStartMonth = input(1, "Backtest Start Month")
testStartDay = input(1, "Backtest Start Day")
testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)
​
testStopYear = input(9999, "Backtest Stop Year")
testStopMonth = input(12, "Backtest Stop Month")
testStopDay = input(31, "Backtest Stop Day")
testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)
​
testPeriod() =>
    time >= testPeriodStart and time <= testPeriodStop ? true : false
​
if testPeriod()
    if strategy.position_size == 0 or strategy.position_size > 0
        strategy.entry("long", true, when = entry_long, comment="*** INSERT OPEN LONG COMMENT FROM WBT ***")
        strategy.exit("long", stop=long_stop_level, limit=long_take_level, trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick, comment="*** INSERT CLOSE LONG COMMENT FROM WBT ***")
        strategy.close("long", when=exit_long, comment = "*** INSERT CLOSE LONG COMMENT FROM WBT ***")
​
    if strategy.position_size == 0 or strategy.position_size < 0
        strategy.entry("short", false, when = entry_short, comment="*** INSERT OPEN SHORT COMMENT FROM WBT ***")
        strategy.exit("TP/SL/TRS_short","short", stop=short_stop_level, limit=short_take_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick, comment = "*** INSERT CLOSE SHORT COMMENT FROM WBT ***")
        strategy.close("short", when=exit_short, comment = "*** INSERT CLOSE SHORT COMMENT FROM WBT ***")
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Input	Value
Period	14
RSI-VWAP LENGTH LONG	15
RSI-VWAP OVERSOLD LONG	15
RSI-VWAP OVERBOUGHT LONG	72
RSI-VWAP LENGTH SHORT	14
RSI-VWAP OVERSOLD SHORT	8
RSI-VWAP OVERBOUGHT SHORT	72
Long Take Profit %	NA (100)
Long Stop Loss%	3.3
Trailing Stop Long	NA (100)
Short Take Profit %	NA (100)
Short Stop Loss%	4
Trailing Stop Short	NA (100)