The Relative Strength Index indicator is popular, for a reason, but in this article, I backtested the default settings of the RSI indicator, and made it better. Investments and trading is a wonderful world where large companies and small investors can participate from the comfort of their homes. You only need a device with internet…
Connors RSI including backtest Often referred to as CRSI, the Connors RSI indicator is a momentum-based oscillator that tries to improve on the original 14-period RSI indicator developed by Welles Wilder. Unlike the original 14-period RSI indicator, the CRSI uses 2 periods as its lookback input parameter and combines the momentum measurement of RSI with…
Python is the most popular programming language to backtest trading strategies. However, most people are afraid of it or don’t know where to start, while others think it’s difficult to learn. Today we will show you how to backtest an RSI trading strategy with a few lines of code, step by step, for beginners. As…
High Probability ETF Trading, published in 2009 and written by Larry Connors and Cesar Alvarez, contains some interesting strategies. They are all mean revertive and tested on the most popular ETFs at the time of writing, which was the end of 2008, in the middle of the GFC. Do the strategies covered in the book…
Let’s see how to build a trading strategy based on the popular RSI indicator using TradingView (step by step) in the crypto market, from building the layout to implementing its native Pine Script language. Our RSI-based trading strategy will seek reversals in the overbought and oversold zones. We will use DOT on a m5 timeframe…
