ninjatrader/strategies/2-period-rsi/README.md

# 2-Period RSI

This strategy was taken from chapter 9 of *[Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work)* (2008) by Larry Connors.

## Rules

The original long-only rules from the book:

1. The asset (e.g., SPY) is above its 200-day moving average.
2. The 2-period RSI closes below 5.
3. Enter a long position at the close (or the following open in this case).
4. Exit the position when the asset closes above its 5-period moving average.

For taking short positions, invert the above conditions and use a 2-period RSI reading of > 95 as the entry threshold.

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Initial commit of 2-Period RSI strategy README 2024-09-09 13:34:33 +00:00			`# 2-Period RSI`

Add description to 2-Period RSI strategy documentation 2024-09-09 13:38:53 +00:00			`This strategy was taken from chapter 9 of [Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.`

Add rules to 2-Period RSI strategy documentation 2024-09-09 13:58:14 +00:00			`## Rules`

Add short trade rules to the 2-Period RSI strategy documentation 2024-09-09 14:54:49 +00:00			`The original long-only rules from the book:`

Add rules to 2-Period RSI strategy documentation 2024-09-09 13:58:14 +00:00			`1. The asset (e.g., SPY) is above its 200-day moving average.`
			`2. The 2-period RSI closes below 5.`
			`3. Enter a long position at the close (or the following open in this case).`
			`4. Exit the position when the asset closes above its 5-period moving average.`

Add short trade rules to the 2-Period RSI strategy documentation 2024-09-09 14:54:49 +00:00			`For taking short positions, invert the above conditions and use a 2-period RSI reading of > 95 as the entry threshold.`

Initial commit of 2-Period RSI strategy README 2024-09-09 13:34:33 +00:00			`---`