Sell The Rip Strategy (Amibroker And Tradestation Code)

You find the original article here.

The strategy in plain English:

• When the 3-day RSI is below 30, we go long at the close.
• When today’s close is higher than yesterday’s high, we sell at the close.

Amibroker code:

Buy= RSI(3)<30 ;

buyprice=Close;

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

sellPrice=Close;

Tradestation code:

{
Sell the rip (no 137):
When the 3-day RSI is below 30, we go long at the close.
When today’s close is higher than yesterday’s high, we sell at the close.
}

Inputs:
	treshold(30),
	lookback(3);

if (Marketposition = 0) and (RSI(Close, lookback) < treshold) then
	Buy this bar at close;
	
if (Close > High[1]) then
	Sell this bar at close;