Overview
Simple overbought-oversold momentum play using NEXT RSI, which blends volume analysis with momentum. Volume weighing of the algo reduces the lag and improves accuracy over vanilla RSI as volume often precedes price action. This is a contra-trend (momentum exhaustion) scalping strategy - use order management (TP, SL, trailing stops) and do not trade signal to signal (e.g. long-short-long).
Strategy Rules:
-
NQ Futures, 45min chart
- Long Entry when NEXT RSI crosses over 35
- Short Entry when NEXT RSI crosses under 65
Order Management:
- Take profit @ +$50
- Stop Loss @ -$50
Prerequisites and set-up:
- NEXT RSI configured to 21,3,65,50,35
- NEXT Strategy Visualizer configured to Signal Source: NEXT RSI, LE @ 35, SE @ 65
Simple overbought-oversold momentum play using NEXT RSI, which blends volume analysis with momentum. Volume weighing of the algo reduces the lag and improves accuracy over vanilla RSI as volume often precedes price action. This is a contra-trend (momentum exhaustion) scalping strategy - use order management (TP, SL, trailing stops) and do not trade signal to signal (e.g. long-short-long).
Strategy Rules:
-
NQ Futures, 45min chart- Long Entry when NEXT RSI crosses over 35
- Short Entry when NEXT RSI crosses under 65
Order Management:
- Take profit @ +$50
- Stop Loss @ -$50
Prerequisites and set-up:
- NEXT RSI configured to 21,3,65,50,35
- NEXT Strategy Visualizer configured to Signal Source: NEXT RSI, LE @ 35, SE @ 65
ChartVPS Technologies | chartvps.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
ChartVPS Technologies | chartvps.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.