ninjatrader/strategies/rsi-power-zones/README.md

# RSI PowerZones

This strategy was taken from chapter 2 of [*Buy the Fear, Sell the Greed*](https://moshferatu.dev/moshferatu/buy-the-fear-sell-the-greed) (2018) by Larry Connors.

## Rules

1. The ETF (e.g., SPY) is trading above its 200-day simple moving average.
2. If the 4-period RSI closes < 30, enter a long trade.
3. Enter a second long trade if the 4-period RSI closes < 25.
4. Exit the trade when the 4-period RSI closes > 55.

## Parameters

**RSI Period**: The period used in the RSI calculation. (Default: 4)

**RSI Smoothing**: The smoothing used in the RSI calculation. (Default: 1)

**First Entry Threshold**: The RSI value below which the first trade is entered. (Default: 30)

**Second Entry Threshold**: The RSI value below which the second trade is entered. (Default: 25)

**Exit Threshold**: The RSI value above which any trades are exited. (Default: 55)

**Long-Term Trend Period**: The period of the long-term trend as measured using a simple moving average. (Default: 200)

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