CHATGPT RSI DD Strategy

//@version=4
strategy("RSI Strategy", overlay=true)

// Input for RSI periods
rsiLongPeriod = input(14, title="RSI Long Period", minval=1)
rsiShortPeriod = input(5, title="RSI Short Period", minval=1)

// Calculate RSI values
rsiLong = rsi(close, rsiLongPeriod)
rsiShort = rsi(close, rsiShortPeriod)

// Long Entry Condition
longEntry = crossover(rsiLong, 50) and crossover(rsiShort, 70)

// Long Exit Condition
longExit = crossunder(rsiShort, 55)

// Short Entry Condition
shortEntry = crossunder(rsiLong, 50) and crossunder(rsiShort, 30)

// Short Exit Condition
shortExit = crossover(rsiShort, 35)

// Execute trades
strategy.entry("Long", strategy.long, when=longEntry)
strategy.close("Long", when=longExit)
strategy.entry("Short", strategy.short, when=shortEntry)
strategy.close("Short", when=shortExit)

// Plot RSI values and levels - Comment below code if you want to hide the RSI Plotting in Tradingview
plot(rsiLong, title="RSI Long", color=color.blue)
hline(50, "Long Level", color=color.green)
plot(rsiShort, title="RSI Short", color=color.red)
hline(70, "Long Entry", color=color.green)
hline(55, "Long Exit", color=color.red)
hline(30, "Short Entry", color=color.red)
hline(35, "Short Exit", color=color.green)