CM-RSI

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CM-RSI

Postby Apprentice » Fri Oct 19, 2018 6:12 am

USOil D1 (10-19-2018 1112).png

Based on Larry Connors’ RSI-2 system.
It is a short-term trading strategy.
The average length of time in a trade is just over 2 days.
The RSI-2 Strategy is designed to use on Daily Bars
CM RSI.lua
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Re: CM-RSI

Postby papynou34 » Fri Nov 23, 2018 5:47 am

Hello,
Is there a stratégy based upon this indicators?

Thanks
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Re: CM-RSI

Postby Apprentice » Sat Nov 24, 2018 6:14 am

Sure. Can you provide Long/Short/Exit rules?

Or can I use this.

Have found this on the net.
https://stockcharts.com/school/doku.php ... egies:rsi2

Traders should look for buying opportunities when above the 200-day SMA and short-selling opportunities when below the 200-day SMA.

Connors found that returns were higher when buying on an RSI dip below 5 than on an RSI dip below 10.

For short positions, the returns were higher when selling-short on an RSI surge above 95 than on a surge above 90.


Waiting for the open gives traders more flexibility and can improve the entry level.

Exiting long positions on a move above the 5-day SMA and short positions on a move below the 5-day SMA.

Chartists should also consider setting a trailing stop or employing the Parabolic SAR.
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Re: CM-RSI

Postby papynou34 » Mon Nov 26, 2018 2:05 pm

Hello,
Sorry for the delay in answering.
Yes please use the rules you provide in the link. Thanks a lot in advance
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Re: CM-RSI

Postby Apprentice » Tue Nov 27, 2018 6:34 am

Try this version.
viewtopic.php?f=31&t=67012&p=122375#p122375
If you will come up with any other rules, you will be happy to write it for you.
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