ChrisMoody

CM RSI-2 Strategy Lower Indicator

RSI-2 Strategy

***At the bottom of the page is a link where you can download the PDF of the Backtesting Results.

This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work as far as back testing.

I came across the RSI-2 system that Larry Connors developed. Larry has become famous for his technical indicators, but his RSI-2 system is what actually put him “On The Map” per se. At first glance I didn’t think it would work well, but I decided to code it and ran backtests on the S&P 100 In Down Trending Markets, Up Trending Markets, and both combined. I was shocked by the results. So I thought I would provide them for you. I also ran a test on the Major forex Pairs (12) for the last 5 years, and All Forex Pairs (80) from 11/28/2007 - 6/09/2014, impressive results also.

The RSI-2 Strategy is designed to use on Daily Bars, however it is a short term trading strategy. The average length of time in a trade is just over 2 days. But the results CRUSH the general market averages.

Detailed Description of Indicators, Rules Below:

Link For PDF of Detailed Trade Results
http://d.pr/f/Q885

Original Post
从常用的脚本中删除 添加到常用的脚本
//Created by ChrisMoody
//Based on Larry Connors RSI-2 Strategy - Lower RSI
study(title="_CM_RSI_2_Strat_Low", shorttitle="_CM_RSI_2_Strategy_Lower", overlay=false)
src = close, 

//RSI CODE
up = rma(max(change(src), 0), 2)
down = rma(-min(change(src), 0), 2)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
//Criteria for Moving Avg rules
ma5 = sma(close,5)
ma200= sma(close, 200)

//Rule for RSI Color
col = close > ma200 and close < ma5 and rsi < 10 ? lime : close < ma200 and close > ma5 and rsi > 90 ? red : silver

plot(rsi, title="RSI", style=line, linewidth=4,color=col)
plot(100, title="Upper Line 100",style=line, linewidth=3, color=aqua)
plot(0, title="Lower Line 0",style=line, linewidth=3, color=aqua)

band1 = plot(90, title="Upper Line 90",style=line, linewidth=3, color=aqua)
band0 = plot(10, title="Lower Line 10",style=line, linewidth=3, color=aqua)
fill(band1, band0, color=silver, transp=90)
Can you please comment on this line. down = rma(-min(change(src), 0), 2). why there is ' - ' sign in this line. Please elaborate. Thanks.
回复
fosserjosh fosserjosh
@fosserjosh, I am trying to convert this into python script. So need little help to understand this script.
回复
Why there are so many no. of trades for S&P in the backtest pdf???
回复
I follow your scripts with great interest. Great source for learning. This script works also for crypto markets. I set my own alerts and made over 200 profitable microtransactions in one day for 15 pairs, bull and bear conditions. Works great, thank you.
+10 回复
Hi @akulus,

did you changed the settings or did you used the initial settings? Which time frame do you use?

BR Semih
+11 回复
akulus Blackbeard87
@Blackbeard87, hi, initial settings as i remember. 1 or 5 minutes, not sure.
回复
@akulus, hi can elaborate ....what kind of alerts and how do u set them....please share....thanks in advance....
回复
@akulus, how did you use this please can you explain
回复
akulus killerboyrb
@killerboyrb, hi, i set up an alert to notify a trading bot. when the rsi indicator "crosses up" the bottom line, it triggered a buy alert and when the rsi indicator "crosses down" the top line, it triggered a sell alert. i only used this for a short period of time. nowadays i am not a fan of scalping or too many transactions.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 发送反馈 已发表观点 粉丝 正在关注 私人消息 聊天 退出