moshferatu/ninjatrader

History

moshferatu bfeb87990b Add default value for exit threshold property to RSI divergence strategy documentation		2024-09-01 05:48:06 -07:00
..
backtest-results	Add /NQ backtest results for RSI divergence strategy	2024-08-31 06:48:01 -07:00
README.md	Add default value for exit threshold property to RSI divergence strategy documentation	2024-09-01 05:48:06 -07:00
RSIDivergenceBot.cs	Prevent trades in the RSI divergence strategy only until there are at least divergence period bars available	2024-08-31 06:25:59 -07:00
strategy_rules.png

README.md

RSI Divergence Bot

This strategy was inspired by the following post on X:

Rules

On the hourly SPY chart, enter a long when the RSI is > than it was 5 bars ago but price is lower.
Exit the position when the RSI is > 70.

Parameters

RSI Period: The period to use in the RSI calculation. (Default: 14)

RSI Smoothing: The smoothing period to use in the RSI calculation. (Default: 3)

Divergence Period: The number of bars over which to check for divergence in the price and RSI value. (Default: 5)

Exit Threshold: The RSI value over which to exit the position. (Default: 70)

Backtest Results

ETFs

SPY

QQQ

Futures

/ES

/NQ