ninjatrader/strategies/rsi-10-6-90-94

RSI 10-6 / 90-94

This strategy was taken from chapter 7 of High Probability ETF Trading (2009) by Larry Connors.

Rules

10-6 (Long)

1. The ETF (e.g., SPY) is trading above its 200-day moving average.
2. When the 2-period RSI closes below 10, enter a long trade.
3. Enter a second long if the 2-period RSI closes below 6.
4. Exit the trade(s) when price closes above the 5-period moving average.

90-94 (Short)

1. The ETF (e.g., SPY) is trading below its 200-day moving average.
2. When the 2-period RSI closes above 90, enter a short trade.
3. Enter a second short if the 2-period RSI closes above 94.
4. Exit the trade(s) when price closes below the 5-period moving average.

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