RSI-Based Dynamic Grid
(Source and Entry by: Dexter M. Garcia, code: %H&S:RSI Dynamic Grid) The RSI-based Dynamic Grid Trading strategy is most effective when applied to spot grid trading. It is designed to generate buy and sell signals by leveraging the Relative Strength Index (RSI) alongside a default percentage interval of 0.8% for limit orders. Like conventional grid strategies, this approach generates multiple buy signals upon meeting specific conditions. However, unlike traditional grids, it strategically buys during market dips, thereby safeguarding limited capital. How It Works The strategy calculates the RSI for each candle using lengths 3 and 14. The percentage interval between limit orders uses 0.8% as default. A buy signal is generated when the 3-period RSI is between 5 and 30, and the 14-period RSI is between 45 and 50. This combination aims to iden...