Simple RSI Strategy - Rule Based Higher Timeframe Trading

HOW IT WORKS
With the default settings, the strategy buys when RSI reaches 30 and closes when RSI reaches 40.

That’s it.

A simple, rule-based mean reversion strategy designed for higher timeframes, where market noise is lower and trading becomes easier to manage.

Core logic:

Long when RSI moves into oversold territory
Exit when RSI mean-reverts upward
Optional short trades from overbought levels
One position at a time (no pyramiding)

No filters.
No discretion.
Just clear, testable rules.

MARKETS & TIMEFRAMES
This strategy is intended for:

Indices (Nasdaq, S&P 500, DAX, etc.)
Liquid futures and CFDs
Higher timeframes: 2H, 4H and Daily

The published example is Nasdaq (NDX) on the 2-hour timeframe.
Higher timeframes are strongly recommended.

HOW TO USE IT

Apply the strategy on a higher timeframe
Adjust RSI levels per market if needed
Use TradingView alerts to avoid constant screen-watching
Focus on execution, risk control, and consistency

This strategy is meant to be a building block, not a complete trading business on its own.
For long-term consistency, it works best when combined with other uncorrelated, rule-based systems.

IMPORTANT

This is not financial advice
All results are historical and not indicative of future performance
Always forward-test and apply proper risk management

For additional notes, setups and related systems, visit my TradingView profile page.

Информация о релизе

Added optional stop loss and take profit settings based on ATR.

Информация о релизе

Added optional stop loss and take profit settings based on ATR.

Скрипт с открытым кодом

В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.

EdgeLab

Rule-based trading strategies for higher timeframes.
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Отказ от ответственности

Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.

Скрипт с открытым кодом

EdgeLab

Rule-based trading strategies for higher timeframes.
Free newsletter with strategies & research 👇

subscribepage.io/edgelab-news

Мои профили: