The 2 period rsi pullback trading strategy free download
September 18, by Joshua Glasgall. We covered the history and the basics behind the 2-period RSI in the first installment of this series, and we hope you now have a sense of how powerful this indicator can be and why we choose to base so many of our trading strategies around it. As the 2-period RSI level reaches 90 and higher, the more overbought.
Click here to learn exactly how you apply the single best swing trading indicator to your trading with The 2-Period RSI Pullback Trading Strategy.
A short-term time frame in conjunction with the 2-period RSI has proven to yield the highest returns when trading pullbacks. The Long Pullbacks Strategy. We require exact rules and high-performing quantified test results to trade on a strategy, including strong test results on the majority of parameters of testing.
Everyone has a unique trading style and philosophy, but utilizing the 2-period RSI with the proper strategy can be easily adapted to accommodate your own goals.
Larry Connors 2-Period RSI Update For
Below is an example of a trade identified, placed, and exited using The Long Pullbacks Strategy: Our test results have shown that buying a stock trading above its day MA with a 2-period RSI reading below 10 with greater edges existing at 5, 2, and 1 has statistically shown a reversion from a pullback in the short-term.
Even larger edges occur with further pullbacks that occur intraday as people scramble to exit their positions out of self-preservation. These are the trades you want to take advantage of, using the 2-period RSI as a key component of determining when conditions are right. To learn dozens of high-performing trading strategies based around the 2-Period RSI — including the exact trading rules and quantified test results — click here and order your copy of The 2-Period RSI Pullback Trading Strategy today.
Commentary , Education , Recent Tagged With: ConnorsRSI is the first Quantified Momentum Indicator -- the next-generation improvement to traditional RSI indicators.
At Connors Research, we are using it as an overlay to many of our best strategies to make them even better -- now you can, too. Enter your email address to get your FREE download of our Introduction to ConnorsRSI - 2nd Edition - Trading Strategy Guidebook with newly updated historical results.
Testing The RSI 2 Trading Strategy
Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in , Joshua worked in online advertising, market research, and financial journalism. The Connors Group, Inc. About Careers Contact Us Testimonials Link To Us. TradingMarkets PowerRatings Connors Research. ConnorsRSI Learn More About ConnorsRSI Recent Articles Store Books Free First Chapters Free Newsletters PowerRatings Buy the PowerRatings Algorithm Recent Articles.
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RSI2 [ChartSchool]
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