Hey guys. Today I will present an operation strategia taken from larry connors' book High Probability ETF Trading.
Operation of the strategy:
1 - Prices should be running above the 200-period arithmetic moving average;
2 - The minimum of the current candle has to be less than the minimum of the previous candle and the minimum of the previous candle has to be less than the minimum of the candle preceding it;
3 - The closing of the current candle has to be less than the rsi value 10 in period 2.
If we have these three conditions, then a buy position is executed.
We will leave this operation when the 2-period RSI is above the value 70.
See that with this strategy you make short and fast operations. However, the results are great.
The action analyzed in this post is Microsoft's role in the 2-hour period.
Did you like the strategy? leave your opinion. :)
Good operation to all!!
Remembering that this post has educational characteristic.
Operation of the strategy:
1 - Prices should be running above the 200-period arithmetic moving average;
2 - The minimum of the current candle has to be less than the minimum of the previous candle and the minimum of the previous candle has to be less than the minimum of the candle preceding it;
3 - The closing of the current candle has to be less than the rsi value 10 in period 2.
If we have these three conditions, then a buy position is executed.
We will leave this operation when the 2-period RSI is above the value 70.
See that with this strategy you make short and fast operations. However, the results are great.
The action analyzed in this post is Microsoft's role in the 2-hour period.
Did you like the strategy? leave your opinion. :)
Good operation to all!!
Remembering that this post has educational characteristic.
//@version=5
strategy('RSI2_R3_strategy', overlay=false, process_orders_on_close=true)
acima_da_media = close > ta.sma(close, 200)
sinal_de_compra = ta.falling(ta.rsi(close, 2), 3) and ta.rsi(close, 2) < 60 and ta.rsi(close, 2) < 10
sinal_de_saida = ta.rsi(close, 2) > 70
if strategy.position_size == 0
if sinal_de_compra and acima_da_media
strategy.entry('COMPRA', strategy.long)
if strategy.position_size > 0
if sinal_de_saida
strategy.order('SAÍDA', strategy.short)
plot(ta.rsi(close, 2))
plot(60, color=color.new(color.yellow, 0))
plot(10, color=color.new(color.lime, 0))
plot(70, color=color.new(color.red, 0))