ninjatrader/strategies/triple-rsi-drop/README.md

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# Triple RSI Drop
This strategy was inspired by the following:
[![Triple RSI Drop Rules](https://static.moshington.com/images/strategies/triple-rsi-drop/strategy-rules.png)](https://x.com/QuantifiedStrat/status/1702712880334786783)
It is similar to the [R3 strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/r3) from [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.
## Rules
1. The asset (e.g., SPY) must be above its 200-day moving average.
2. The 5-period RSI must have been below 60 3 days ago.
3. The 5-period RSI has dropped for 3 days in a row.
4. If the 5-period RSI closes below 30, enter a long trade.
4. Exit the trade when the 5-period RSI closes above 50.
## Parameters
**Long-Term Trend Period**: The period of the long-term trend as measured using a simple moving average. (Default: 200)
**RSI Period**: The period to use in the RSI calculation. (Default: 5)
**Consecutive Days**: The number of consecutive days that RSI has to drop before entering a trade. (Default: 3)
**First Day RSI**: The RSI value that the first day must be below in order to enter a trade. (Default: 60.0)
**RSI Entry**: The RSI value below which to enter a trade. (Default: 30.0)
**RSI Exit**: The RSI value above which to exit a trade. (Default: 50.0)
## Backtest Results
### SPY
![SPY Analysis](https://static.moshington.com/images/strategies/triple-rsi-drop/spy-analysis.png)
![SPY Summary](https://static.moshington.com/images/strategies/triple-rsi-drop/spy-summary.png)
### QQQ
![QQQ Analysis](https://static.moshington.com/images/strategies/triple-rsi-drop/qqq-analysis.png)
![QQQ Summary](https://static.moshington.com/images/strategies/triple-rsi-drop/qqq-summary.png)
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