RSI(2) On The S&P 500 (Amibroker And Tradestation Code)

The strategy in plain English:

1. The two-day RSI must be lower than 15.
2. If one is true, then enter at the close.
3. Exit at the close when the close is higher than yesterday’s high.

Amibroker code:

Buy=rsi(2)<15 ;
buyPrice=C;
Sell= C>Ref(H,-1) ;
sellPrice=Close ;

Tradestation code:

{
RSI(2) On The S&P 500 (Strategy 61)
The two-day RSI must be lower than 15.
If one is true, then enter at the close.
Exit at the close when the close is higher than yesterday's high.
}

Inputs:
	RsiLookback(2),
	RsiTreshold(15);
	
if RSI(Close, RsiLookback) < RsiTreshold Then
	Buy this bar on close;
	
if Barssinceentry(0) >= 1 and Close > High[1] Then
	Sell this bar on 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.