RSI 60/40 strategy: no need for insanely complex indicators pt 3
Trend trading strategy.
Long when daily RSI 14 goes over 60. Close when daily rsi goes under 40 . Simple yet powerfully accurate in the past. Just gave a signal to go long in btc after closing position near 60k .
See previous 60/ 40 post for full description of implementation and concept of the RSI 60/ 40 strategy.
Other helpful indicator on this chart:
-Reverse RSI (BLUE lines) are a great free indicator here on TradingView that calculates the closing price needed to reach a specific reading on the RSI . Since I am interested in 60/ 40 then the white lines represent 60/ 40 readings on the RSI .
Long when daily RSI 14 goes over 60. Close when daily rsi goes under 40 . Simple yet powerfully accurate in the past. Just gave a signal to go long in btc after closing position near 60k .
See previous 60/ 40 post for full description of implementation and concept of the RSI 60/ 40 strategy.
Other helpful indicator on this chart:
-Reverse RSI (BLUE lines) are a great free indicator here on TradingView that calculates the closing price needed to reach a specific reading on the RSI . Since I am interested in 60/ 40 then the white lines represent 60/ 40 readings on the RSI .
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