What is the RSI indicator?

Larry Connors RSI-2 Trading System!!! Surprising Win Rate!!!

Testing The RSI 2 Trading Strategy.

Aug 01,  · Forex Factory. Home Forums Trades News Calendar Market Brokers Login; This is a trading strategy based only on RSI indicator. RSI reaches 20 or less I enter long. A better signal is when 2 or more timeframes have the same low RSI reading. A more powerful signal would be a divergence on the chart that suggest our position from that entry. RSI and two EMA is atrading system based on the RSI and 2 EMA indicators. RSI and 2 EMA Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast Free Forex Strategies, Forex indicators, forex resources and free forex forecast.

The main difference between the MACD and the RSI is that while the MACD is used to time the trade, the RSI is used to time the momentum. Because, when momentum picks up in a trend, chances are that prices will continue pushing higher over a short period of time.

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Furthermore, Connors and Alvarez found that the lower the RSI 2, the greater the subsequent performance.

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I'd like to get this trategy ported to Quantopian - anyone want to team up on it, I'm down. These same people 'want' to learn without putting in the demo time, reading books, watching videos, etc.

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