ninjatrader/strategies/ibs-rsi/README.md

# IBS + RSI

This is a mean reversion strategy based on the [IBS (Internal Bar Strength)](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/internal-bar-strength) and RSI (Relative Strength Index) indicators.

The strategy was inspired by the following:

[![IBS + RSI Rules](https://static.moshington.com/images/strategies/ibs-rsi/strategy-rules.png)](https://x.com/QuantifiedStrat/status/1708949863084535856)

## Rules

1. The asset's (e.g., SPY) IBS must be < 0.25.
2. If the 21-period RSI is < 45, enter a long trade.
3. Exit the trade when the current day's close is higher than the previous day's close.

## Parameters

**RSI Period**: The period used in the RSI calculation. (Default: 21)

**IBS Threshold**: The IBS value below which a long trade can be entered. (Default: 0.25)

**RSI Threshold**: The RSI value below which a long trade can be entered. (Default: 45.0)

## Backtest Results

### SPY

![SPY Analysis](https://static.moshington.com/images/strategies/ibs-rsi/spy-analysis.png)

![SPY Summary](https://static.moshington.com/images/strategies/ibs-rsi/spy-summary.png)

### QQQ

![QQQ Analysis](https://static.moshington.com/images/strategies/ibs-rsi/qqq-analysis.png)

![QQQ Summary](https://static.moshington.com/images/strategies/ibs-rsi/qqq-summary.png)

### DIA

![DIA Analysis](https://static.moshington.com/images/strategies/ibs-rsi/dia-analysis.png)

![DIA Summary](https://static.moshington.com/images/strategies/ibs-rsi/dia-summary.png)

### IWM

![IWM Analysis](https://static.moshington.com/images/strategies/ibs-rsi/iwm-analysis.png)

![IWM Summary](https://static.moshington.com/images/strategies/ibs-rsi/iwm-summary.png)

### Sector ETFs

This backtest is an aggregation of the results of the following sector ETFs:

XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY

![Sector ETFs](https://static.moshington.com/images/strategies/ibs-rsi/sector-etfs.png)

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