ChrisMoody作成のCM RSI-2 Strategy Lower Indicator

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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

Original Post

Larry Connors RSI-2 Trading System!!! Surprising Win Rate!!!

//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)

hello sir i am traying to create an alert for rsi 2 lower but failed every time plz help me to create an alert for this

//Created by ChrisMoody
//Based on Larry Connors RSI-2 Strategy - Lower RSI
study(title="_CM_RSI_2_Strat_Low new", shorttitle="_CM_RSI_2_Strategy_Lower new", 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
alert_alert = close > ma200 and close < ma5 and rsi < 10 ? lime : close < ma200 and close > ma5 and rsi > 90 ? 1 : 0

//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)

plot(alert_alert, title="alertisgood", style=line, linewidth=1,color=yellow)

//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)

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Hi, excellent work, I can tell you, that you are a phenomenon. A question, can you put an arrow in this indicator? When it hits the 90 or the 100 and the 10 the 0? I'm doing very well with this indicator, it was what I was looking for, I use it for 1 minute, look I'm very happy, thank you very much, it's that GOD BLESS YOU.

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isaiasdobrasil

@isaiasdobrasil, Hi! after one year, still sounds good? do you use it always 1minute t.f.? and on what? crypto, forex, indices...thank you

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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.

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akulus

Hi @akulus,

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

BR Semih

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Blackbeard87

@Blackbeard87, hi, initial settings as i remember. 1 or 5 minutes, not sure.

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akulus

@akulus, hi can elaborate ....what kind of alerts and how do u set them....please share....thanks in advance....

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akulus

@akulus, how did you use this please can you explain

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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.

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I tried to repeat the backtests in amibroker .
I used for backtests 3,000 shares traded on the Nyse from 2000 to 2014.
The result was not impressed...
Initial capital 100000.00
Ending capital 95114.73
Net Profit % -4.89 %
Exposure % 0.39 %
Net Risk Adjusted Return % -1266.84 %
Annual Return % -0.34 %
Risk Adjusted Return % -87.50 %
All trades 1719
Avg. Profit/Loss -2.84
Avg. Profit/Loss % -2.84 %
Winners 347 (20.19 %)
Losers 1372 (79.81 %)

Errors in my formulas, I could not find.
Somebody tried to repeat the backtests ? What results were obtained?

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CM RSI-2 Strategy Lower Indicator

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