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Add rules for long trades to RSI 10-6 / 90-94 strategy

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moshferatu 2024-09-29 05:52:01 -07:00
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strategies/rsi-10-6-90-94/README.md
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This strategy was taken from chapter 7 of [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors. This strategy was taken from chapter 7 of [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.
## Rules
**10-6** (Long)
1. The ETF (e.g., SPY) is trading above its 200-day moving average.
2. When the 2-period RSI closes below 10, enter a long trade.
3. Enter a second long if the 2-period RSI closes below 6.
4. Exit the trade(s) when price closes above the 5-period moving average.
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