ninjatrader/strategies/rsi-power-zones/README.md

RSI PowerZones

This strategy was taken from chapter 2 of Buy the Fear, Sell the Greed (2018) by Larry Connors.

Rules

1. The ETF (e.g., SPY) is trading above its 200-day simple moving average.
2. If the 4-period RSI closes < 30, enter a long trade.
3. Enter a second long trade if the 4-period RSI closes < 25.
4. Exit the trade when the 4-period RSI closes > 55.

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