ninjatrader/strategies/2-period-rsi

2-Period RSI

This strategy was taken from chapter 9 of Short Term Trading Strategies That Work (2008) by Larry Connors.

Rules

The original long-only rules from the book:

1. The asset (e.g., SPY) is above its 200-day moving average.
2. The 2-period RSI closes below 5.
3. Enter a long position at the close (or the following open in this case).
4. Exit the position when the asset closes above its 5-period moving average.

For taking short positions, invert the above conditions and use a 2-period RSI reading of > 95 as the entry threshold.

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