RSI-Triggered ARB Short with a Fixed Averaging Ladder

Summary

This TradingView strategy describes a short-only approach for ARB perpetuals. It opens after a higher-timeframe RSI crosses down through its configured threshold, then can add up to two short orders at price levels above the base entry. Add sizes grow by a multiplier, and the position closes when price reaches a fixed profit target below its average entry. Inputs also control order type, costs, date window, and chart alerts.

The script supplies implementation details, not evidence of trading performance: it gives no backtest results or out-of-sample evaluation. There is no stop loss. Although the number of adds is limited, losses are not thereby capped if price keeps rising. There is also an inconsistency in the comments: they refer to a crossing below 78, while the configurable default in the code is 74. Actual fills and webhook execution may also differ from the chart simulation.

Key ideas

• The base short is triggered by a higher-timeframe RSI crossing down through a configurable level.
• Averaging orders are placed above the base entry at cumulative price deviations.
• Each successive averaging order can be larger than the prior order.
• The exit is a fixed profit target based on average entry, with no stop loss.
• The script provides configurable alerts and a backtest window but no performance evidence.

Tags

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