ninjatrader/strategies/ibs-rsi

IBS + RSI

This is a mean reversion strategy based on the IBS (Internal Bar Strength) and RSI (Relative Strength Index) indicators.

The strategy was inspired by the following:

Rules

1. The asset's (e.g., SPY) IBS must be < 0.25.
2. If the 21-period RSI is < 45, enter a long trade.
3. Exit the trade when the current day's close is higher than the previous day's close.

Parameters

RSI Period: The period used in the RSI calculation. (Default: 21)

IBS Threshold: The IBS value below which a long trade can be entered. (Default: 0.25)

RSI Threshold: The RSI value below which a long trade can be entered. (Default: 45.0)

Backtest Results

SPY

QQQ

DIA

IWM

---