RSI (Any Source) Strategy by AJSwogger
By AJSwogger
Performance Metrics
- Author: AJSwogger
- Symbol: NASDAQ:PYPL
- Timeframe: 1 minute
- Net P&L: +19.36 USD (+0.00%)
- Win Rate: 49.1%
- Profit Factor: 1.363
- Max Drawdown: 7.17 USD (0.00%)
- Total Trades: 381
Description
This is a simple RSI crossover/crossunder strategy. It calculates RSI on a user-selected Source (default close) using the chosen Length (default 14). It enters a long when RSI crosses up through the Oversold level (default 30), and enters a short when RSI crosses down through the Overbought level (default 70). It does not include explicit exits—each new signal effectively flips/replaces the position via a new entry.