HYE Mean Reversion SMA [Strategy]

An RSI filtered version of PJ Sutherland's Jaws Mean Reversion algorithm.

"Long" on the close when;

1-) 2 period simple moving average closes 3% or more below the 5 period simple moving average,
2-) 5 period exponential average of the 2 period RSI is below 30.

"Exit Long" on the close when;

1-) 2 period simple moving average closes above the 5 period moving average.

"Short" on the close when;

1-) 2 period simple moving average closes 3% or more above the 5 period simple moving average,
2-) 5 period exponential average of the 2 period RSI is above 70.

"Exit Short" on the close when;

1-) 2 period simple moving average closes below the 5 period moving average.

*** You can change the needed percentage for long and short trades, periods of simple moving averages and RSI levels.
*** You can select the trend direction: "Long Only" , "Short Only" or "Both". Default is "Long Only".

Versionsinformation:

Plot feature has been added to follow the sma lines on the graph.