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Triple RSI Trading Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=74703
Forum: 31 · Topic 74703 · 1 post(s)
Triple RSI Trading Strategy
Apprentice · Sat Mar 16, 2024 4:06 pm
Based on post https://twitter.com/QuantifiedStrat/sta … 35379?s=20 We backtest the following modified trading rules:
- The 5-day RSI is below 30, and
- The 5-day RSI reading is down for the third day in a row, and
- The 5-day RSI reading was below 60 three trading days ago, and
- The close is higher than the 200-day moving average, and
- If 1-4 are true, then buy at the close.
- Sell at the close when the 5-day RSI crosses above 50.
(Short side was added)