21 lines
765 B
Markdown
21 lines
765 B
Markdown
# RSI 10-6 / 90-94
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This strategy was taken from chapter 7 of [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.
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## Rules
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**10-6** (Long)
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1. The ETF (e.g., SPY) is trading above its 200-day moving average.
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2. When the 2-period RSI closes below 10, enter a long trade.
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3. Enter a second long if the 2-period RSI closes below 6.
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4. Exit the trade(s) when price closes above the 5-period moving average.
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**90-94** (Short)
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1. The ETF (e.g., SPY) is trading below its 200-day moving average.
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2. When the 2-period RSI closes above 90, enter a short trade.
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3. Enter a second short if the 2-period RSI closes above 94.
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4. Exit the trade(s) when price closes below the 5-period moving average.
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