RSI2 with alerts by Mr.TuanDoan for Binary Option

Idea was developed from Larry Connors RSI2.
The 2-period RSI strategy is a fairly simple mean-reversion trading strategy designed to buy or sell securities after a corrective period.

You should look for buying opportunities when 2-period RSI moves below Lower Band (5), which is considered deeply oversold. Conversely, you can look for short-selling opportunities when 2-period RSI moves above Upper Band (95).

This is a rather aggressive short-term strategy for Binary Option.

Best use with Stoch RSI x 2.
The settings for Stoch RSI are
- Slow: 3 3 14 14
- Fast: 3 3 5 5

Only consider a PUT/CALL when both Stoch RSI are in the same state (overbought/oversold).

When arrow appears on the candle, it likely reverse the current trend.

  • This is not a holy-grail.
  • Please follow your risk management
  • Confirmations must be met before entering a trade
  • It's for Binary Option

I'm happy to help you improve your trading.
Telegram: @MrTuanDoan
Open-source script

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