Daily Effects In Long-Term Treasuries (TLT) (Amibroker And Tradestation Code)

The strategy in plain English:

 

1. Today is Thursday and the five-day RSI is below 60.
2. Buy on close.
3. Sell when the close is higher than yesterday’s high.

 

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Amibroker code:

 

setOption(“holdminbars”,1);

Buy=DayOfWeek()==4 AND RSI(5)<60 ;

buyPrice= Close;

Sell= C>ref(H,-1) ;

sellPrice= Close ;

 

Tradestation code:

 

If dayofweek(date)=4 and rsi(c,5)<60
then buy this bar at close;
If c>h[1] then sell this bar at close;

 

 

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinions – they are not suggestions to buy or sell any securities.