15 lines
542 B
Markdown
15 lines
542 B
Markdown
# Triple RSI Drop
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This strategy was inspired by the following:
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[](https://x.com/QuantifiedStrat/status/1702712880334786783)
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## Rules
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1. The asset (e.g., SPY) must be above its 200-day moving average.
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2. The 5-period RSI must have been below 60 3 days ago.
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3. The 5-period RSI has dropped for 3 days in a row.
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4. If the 5-period RSI closes below 30, enter a long trade.
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4. Exit the trade when the 5-period RSI closes above 50.
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