# 5-Period RSI

This strategy was inspired by the following:

[![5-Period RSI Rules](https://static.moshington.com/images/strategies/5-period-rsi/strategy-rules.png)](https://x.com/QuantifiedStrat/status/1864591983798571278)

Refer also to the [2-Period RSI](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/2-period-rsi) strategy which is closely related to this one.

## Rules

1. Enter a long trade when the 5-Day RSI is < 35.
2. Exit the trade when the current day's close is > the previous day's high.

## Parameters

**RSI Period**: The period to use in the RSI calculation. (Default: 5)

**Entry Threshold**: The RSI value below which to enter a long trade. (Default: 35)

## Backtest Results

### SPY

![SPY Analysis](https://static.moshington.com/images/strategies/5-period-rsi/spy-analysis.png)

![SPY Summary](https://static.moshington.com/images/strategies/5-period-rsi/spy-summary.png)

### QQQ

![QQQ Analysis](https://static.moshington.com/images/strategies/5-period-rsi/qqq-analysis.png)

![QQQ Summary](https://static.moshington.com/images/strategies/5-period-rsi/qqq-summary.png)

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