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RSI Mean Reversion
This is classic Mean Reversion Strategy. I use this on commodities.
This strategy trades mean reversion signals based on the Relative Strength Index (RSI). It is designed for volatile, mean-reverting instruments where price tends to snap back after reaching extreme levels.
How it works:
The strategy enters a long position when RSI crosses back above the oversold level, signalling that the selling pressure is fading and price is beginning to recover. It enters a short position when RSI crosses back below the overbought level, signalling that buying pressure is weakening and price is starting to pull back. Positions are reversed — a long is closed when a short signal fires and vice versa.
Key feature: Signals trigger when RSI re-enters the normal channel from an extreme zone, not when it first enters the extreme zone. This provides confirmation that the reversal has begun rather than catching a falling knife.
Recommended usage: This strategy works best on volatile instruments that exhibit mean-reverting behaviour, such as Natural Gas futures on the 4-hour timeframe. A short RSI period (3-5) with oversold levels around 30-40 and overbought levels around 70-80 is a good starting point. Optimise the parameters for your specific instrument using backtesting.
Settings: RSI period, oversold level, overbought level, trade direction (Long Only / Short Only / Both), and bar confirmation toggle are all configurable from the settings panel. Alerts are built in for both buy and sell signals.
This strategy trades mean reversion signals based on the Relative Strength Index (RSI). It is designed for volatile, mean-reverting instruments where price tends to snap back after reaching extreme levels.
How it works:
The strategy enters a long position when RSI crosses back above the oversold level, signalling that the selling pressure is fading and price is beginning to recover. It enters a short position when RSI crosses back below the overbought level, signalling that buying pressure is weakening and price is starting to pull back. Positions are reversed — a long is closed when a short signal fires and vice versa.
Key feature: Signals trigger when RSI re-enters the normal channel from an extreme zone, not when it first enters the extreme zone. This provides confirmation that the reversal has begun rather than catching a falling knife.
Recommended usage: This strategy works best on volatile instruments that exhibit mean-reverting behaviour, such as Natural Gas futures on the 4-hour timeframe. A short RSI period (3-5) with oversold levels around 30-40 and overbought levels around 70-80 is a good starting point. Optimise the parameters for your specific instrument using backtesting.
Settings: RSI period, oversold level, overbought level, trade direction (Long Only / Short Only / Both), and bar confirmation toggle are all configurable from the settings panel. Alerts are built in for both buy and sell signals.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.