PROTECTED SOURCE SCRIPT
(ง ͠° ͟ل͜ ͡°)ง Larry Connors RSI-2 Scalping Strategy
Updated
More info here:
stockcharts.com/school/doku.php?id=chart_school:trading_strategies:rsi2
and here:
systemtradersuccess.com/connors-2-period-rsi-update-2015/
Very interesting and simple scalping strategy with unbelievable results.
I added 4 versions that combines only the RSI OB/OS thresholds.
Also the single variable that you can change is the RSI, sometimes RSI 3 or RSI 4 works better then the original.
Also his exit point is not quite good in these days, so I added TP and SL to adjust it according to the market conditions.
Added re-entries.
It works in any time frame, so play with the TF, RSI and with all 4 variants until it fits to your needs.
Enjoy!
Zekis
stockcharts.com/school/doku.php?id=chart_school:trading_strategies:rsi2
and here:
systemtradersuccess.com/connors-2-period-rsi-update-2015/
Very interesting and simple scalping strategy with unbelievable results.
I added 4 versions that combines only the RSI OB/OS thresholds.
Also the single variable that you can change is the RSI, sometimes RSI 3 or RSI 4 works better then the original.
Also his exit point is not quite good in these days, so I added TP and SL to adjust it according to the market conditions.
Added re-entries.
It works in any time frame, so play with the TF, RSI and with all 4 variants until it fits to your needs.
Enjoy!
Zekis
Release Notes
Ability to modifiy the fast and slow moving averagesDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.