BurtonM
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RSI KER Kaufman Efficiency Ratio Strategy for TradingView - Pine Script
This trading strategy comes from a video by Ali Casey at StatOasis on YouTube,Thank you Ali for sharing all your data analysis, and backtesting.
RSI Trading Strategy That PRINTS Money
(Tested & Proven)It is important you watch the video link above to understand this RSI with KER Strategy.
KER refers to the Kaufman Efficiency Ratio.
IMPORTANT: This Strategy developed and backtested on the S&P500 Daily timeframe.
MT4 EA files on this post. MT5 EA files on this post.
A txt file is attached below this post for easy downloading.
TradingView version:
Structure:
- Uses Pine Script v5 syntax
- Strategy settings are defined at the top with input parameters
- Includes visual elements like plots and shapes for better visualization
Features Added:
- Visual plotting of entry/exit points
- Information table showing current values
- Alert conditions for entries and exits
- Position tracking with bars held counter
Trading Logic:
- Core strategy (RSI + KER)
- Entry/exit conditions
- Stop loss implementation using strategy.exit
To use this in TradingView:
- Open TradingView Pine Editor
- Paste the code
- Click "Save" and give it a name
- Click "Add to Chart"
- Configure inputs in the Strategy Tester panel
- Use Strategy Tester to backtest
- Lot Size for position sizing
- Stop Loss distance
- RSI parameters (period, entry/exit levels)
- KER parameter
- Maximum bars to hold a position
The strategy will show:
- Green triangles for entry points
- Red triangles for exit points
- Information table with current values
- Optional alerts for entries and exits
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