From 5d5426e014c46a5b2bfd583646b95d63d4f1450f Mon Sep 17 00:00:00 2001 From: moshferatu Date: Tue, 19 Nov 2024 06:33:29 -0800 Subject: [PATCH] Add rules to New 52-Week Highs and Lows strategy documentation --- strategies/new-52-week-highs-and-lows/README.md | 14 ++++++++++++++ 1 file changed, 14 insertions(+) diff --git a/strategies/new-52-week-highs-and-lows/README.md b/strategies/new-52-week-highs-and-lows/README.md index d7f7e71..3b810de 100644 --- a/strategies/new-52-week-highs-and-lows/README.md +++ b/strategies/new-52-week-highs-and-lows/README.md @@ -6,6 +6,20 @@ As with most of the strategies from this book, they are meant to illustrate cert The strategies are based on the [HILO Index indicator](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/hilo-index) which calculates the difference between the **New 52-Week Highs** and **New 52-Week Lows**. +## Rules + +### HILO Index Highs + +1. The asset (e.g., SPY) must be above its 200-day moving average. +2. If the HILO Index closes at its highest value in 5 days, enter a long trade. +3. Exit the trade 5 trading days (~1 week) later. + +### HILO Index Lows + +1. The asset (e.g., SPY) must be above its 200-day moving average. +2. If the HILO Index closes at its lowest value in 5 days, enter a long trade. +3. Exit the trade 5 trading days (~1 week) later. + ## Parameters **High / Low Period**: The number of days over which to check for highs / lows. (Default: 5)