Dual RSI DCA Long Strategy with a Five-Order Averaging Ladder

Summary

This Pine Script describes a long-only dollar-cost-averaging strategy calibrated in its comments for INJ perpetual futures on a three-minute chart. A lower-timeframe RSI crossing upward through a configurable level arms the base entry. A separate RSI crossing downward through an upper level can trigger an exit, provided the position meets a minimum profit threshold. The default inputs specify five averaging orders, with configurable price deviations and increasing order sizes, alongside optional limit entry and chart displays.

The document describes bounded exposure through the base order and averaging ladder, but it does not provide a complete backtest, performance results, or the rest of the implementation. Its comments state there is no stop loss and give an estimated maximum allocation under default settings; that cap does not prevent losses if price keeps falling or the position cannot exit as intended. The RSI values and sizing are configurable, so the defaults alone do not establish suitability across markets or time periods.

Key ideas

• A lower-timeframe RSI upward cross arms the long base order.
• A separate RSI downward cross can signal profit taking once the minimum profit condition is met.
• The strategy uses a configurable ladder of up to five default averaging orders with increasing size.
• The script describes no stop loss, so bounded planned capital deployment does not eliminate downside risk.
• The excerpt provides settings and comments, but no backtest evidence or complete strategy implementation.

Tags

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