OPEN-SOURCE SCRIPT

Hobbiecode - RSI + Close previous day

By hobbiecode
This is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules:

1. If RSI(2) is less than 15, then enter at the close.
2. Exit on close if today’s close is higher than yesterday’s high.

If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe.

Please share any comment or idea below.

Have a good trading,
Ramón.
algotradealgotraderalgotradingautomatedtradingCandlestick analysisChart patternspinescriptpinescripterspinescriptv5Relative Strength Index (RSI)strategysystem
hobbiecode
Sígueme en mis redes sociales:

Instagram: instagram.com/hobbiecode/
Youtube: youtube.com/c/hobbiecode
Twitch: twitch.tv/hobbiecode

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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.

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