BCH Short Strategy Fading Heikin-Ashi Bullish Streaks with RSI

Summary

This short-only BCH strategy seeks to fade an extended run of bullish Heikin-Ashi candles when an RSI filter also passes. The configurable conditions include the RSI timeframe, lookback and threshold, the direction and length of the candle streak, and a date window. Defaults are described as calibrated for a BCH perpetual market on a 15-minute chart. Entry sizing uses a single base order with no averaging, and the script can send alerts for entries and closes.

Once in a short position, the strategy places a fixed take-profit limit and stop-loss based on percentages of average entry price; it does not trail the exit. The source includes chart labels and a status panel, but provides no backtest performance evidence or evaluation of the default settings. Results would depend on market, timeframe, costs, slippage, and fill behavior, while Heikin-Ashi values and the RSI filter may not establish that a bullish streak is about to reverse.

Key ideas

• The strategy opens short positions after a configurable bullish Heikin-Ashi streak and RSI condition coincide.
• It uses one base order and does not add averaging or DCA entries.
• Profit-taking and loss-limiting orders are set at fixed percentage distances from average entry price.
• The script supports date filtering and entry or close alerts for automation workflows.
• Its stated market and timeframe calibration is not accompanied by performance results or validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.