From a8f5755162865b8016ed48901f111de80d742050 Mon Sep 17 00:00:00 2001 From: moshferatu Date: Sun, 17 Nov 2024 00:59:52 -0800 Subject: [PATCH] Add rules to Trading New Highs strategy documentation --- strategies/trading-new-highs/README.md | 6 ++++++ 1 file changed, 6 insertions(+) diff --git a/strategies/trading-new-highs/README.md b/strategies/trading-new-highs/README.md index f4b244f..3e31a71 100644 --- a/strategies/trading-new-highs/README.md +++ b/strategies/trading-new-highs/README.md @@ -2,4 +2,10 @@ This strategy was taken from chapter 7 of [*Buy the Fear, Sell the Greed*](https://moshferatu.dev/moshferatu/buy-the-fear-sell-the-greed) (2018) by Larry Connors. +## Rules + +1. The asset (e.g., SPY) must have made a 52-week high within the past 20 days. +2. If the value of the [ConnorsRSI indicator](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/connors-rsi) is < 15, enter a long trade. +3. Exit the trade when the value of the ConnorsRSI is > 70. + --- \ No newline at end of file