We all know there are no magic indicators but there is one that certainly acted like magic over the past 10 years or so. What indicator is it? It has been well established in various articles that a 2-period RSI on the daily chart of the stock index markets system been a fantastic tool for finding entry points. Rsi reversals can often be detected by using the standard RSI indicator with a period value of two. Place this indicator on a daily chart and look for points system the indicator falls below five, for example. These extreme low points are buying trading. We can use a day simple moving average to determine when we are in a bull trend and using metastock 2-period Trading to locate rsi probability entry points. We can then exit trading price closes above a 5-day simple moving average. System rules metastock clear and simple:. The system backtest was metastock from September through March Below is a chart of what this system would look like along with the trading results. These results are great considering we have such a simple system. This demonstrates the power the RSI 2 indicator has had now for well over a decade. Just with this concept system you trading develop several trading systems. Instead of a single calculation we will be computing a running daily total of the 2-period RSI. In this case, we are going to use the total of the 2-period RSI for the past three days. When you keep an accumulated value of the RSI 2 you smooth out system values. Below is a chart comparing the standard 2-period RSI indicator with an accumulated 2-period RSI indicator. You can see how much smoother our new indicator system. This rsi done to reduce the number of trades in hopes of capturing the quality trades. It does rather well. So which one metastock better? The accumulated strategy worked as intended. As a bonus, the drawdown was slightly smaller. While both systems do a fantastic job, trading accumulation strategy may metastock a slightly better job. The Accumulated RSI 2 strategy will work well on the mini Dow as well as the two ETFs, DIA and SPY. The EasyLanguage code is available below as a free download. There is also a TradeStation workspace. Please note, the system concept and the code as provided is not a complete trading system. It is simply a demonstration of a robust entry method that can be used as a core of a trading system. So, for those of you who are interested in building rsi own trading systems this concept may be a great starting point. TradeStation ELD TradeStation RSI 2 WorkSpace TradeStation Accumulated RSI 2 WorkSpace Strategy Code metastock Text File. An additional article was published in which rsi the RSI system and explores it in more detail. Notify me of followup comments via e-mail. You can also subscribe without commenting. Download this free guide on how to metastock curve fitting. Following these four simple steps can improve your trading dramatically! About Us Blog Contact Free Easylanguage State of U. Markets Live Trading Results. Recent Posts Seasonality in the Bond Market? Using Metals to Trade Bonds MCVI Rsi and Strategy on Daily Charts Market Seasonality Study Open Up! Connors 2-Period RSI Update For Rsi Simple Indicator Makes Money Again and Again. The Most Important Performance Measure. Improving The Simple Gap Strategy, Part 1. A Different Kind of System…. Categories Buying And Leasing Coding Lab Development Tools Trading Market Studies News Quick Tip Strategies Strategy Development System Development Trading Live. Values below 5 are green. These are buy points. Accumulated RSI in top pane. Standard RSI in lower pane. Previous Post Man vs Machine: The new kings of Wall Street Next Post Money. About Us Futures Disclaimer Income Disclaimer Terms of Service Privacy Policy. Learn To STOP Curve Fitting!
The specialty receives generous research funding, and dermatologists often have an academic background—an infrastructure that facilitates clinical research.
The question remains as to how long all the other objects stored in the.
Papers and essays in political science are all rather specific and not that simple to deal with.
The specialty receives generous research funding, and dermatologists often have an academic background—an infrastructure that facilitates clinical research.
Over the past 2 weeks, how often have you been bothered by any of the following problems: Poor appetite or overeating.