here's an example of what that RSI 40 system looks for: The RSI
14 spiking below 40% for one bar then spiking back up -forming a
V-formation, and has to occur on a strong reversal candle
there's a lot more to it than that such as other indicators have
to match certain conditions, but this is one of the main things,
just showing an example of what one of these look for.
and how did I come up with this? Many years ago Steve and I
noted the RSI 40 % area tended to be important for the 14 length
RSI and I spent time scouring charts and noticed this V-action
spike below 40% and back up, which tended to market decent lows
The system statistics page on the website only shows RSI
Oversold, but nothing for the RSI 40 system. I see it got
sent in a note, but would it be possible to have all the system
statistics updated/listed on that statistics page?
Thanks!
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here's an example of what
FYI Mean Reversion RSI 40 went long on SPY on Friday!
Posted by matt on 3rd of Mar 2025 at 09:09 am
here's an example of what that RSI 40 system looks for: The RSI 14 spiking below 40% for one bar then spiking back up -forming a V-formation, and has to occur on a strong reversal candle
there's a lot more to it than that such as other indicators have to match certain conditions, but this is one of the main things, just showing an example of what one of these look for.
and how did I come up with this? Many years ago Steve and I noted the RSI 40 % area tended to be important for the 14 length RSI and I spent time scouring charts and noticed this V-action spike below 40% and back up, which tended to market decent lows
The system statistics page on
Posted by blayden on 3rd of Mar 2025 at 10:23 am
The system statistics page on the website only shows RSI Oversold, but nothing for the RSI 40 system. I see it got sent in a note, but would it be possible to have all the system statistics updated/listed on that statistics page? Thanks!