AK_RSI 2 Strategy ( based on Chris Moody RSI(2) indicator ) by Algokid

Good Morning,

Republishing this in the script section to make the code visible to everyone. This strategy is based on Chris Moody's RSi(2) indicator. Good success rate on SPY. Again, this is for educational purposes only .

cheers

Algo

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

//@version=2
// Algokid code v. 1.00 
strategy("AK_RSI 2 Strategy", overlay=true)

RS = rsi(close,2)

ma5 = sma(close,5)
ma200 = sma(close,200)


longCondition = close > ma200 and close < ma5 and RS < 5


if (longCondition)
    strategy.entry("My Long Entry Id", strategy.long)
strategy.close_all(when = close > ma5)

shortCondition = close < ma200 and close > ma5 and RS > 90
if (shortCondition)
    strategy.entry("My Short Entry Id", strategy.short)
strategy.close_all(when = close < ma5)