Triple RSI Trading Strategy: Elevate Your Win Rate to 90% — Advanced Insights

Today, we unveil a fresh perspective on RSI with the Triple RSI Trading Strategy. This innovative approach harnesses the power of RSI in a new and modified form, boasting an impressive 90% win rate.

We backtest the following trading rules:

1. The 5-day RSI is below 30, and

2. The 5-day RSI reading is down for the third day in a row, and

3. The 5-day RSI reading was below 60 three trading days ago, and

4. The close is higher than the 200-day moving average, and

5. If 1–4 are true, then buy at the close.

6. Sell at the close when the 5-day RSI crosses above 50.

We backtest SPY — the ETF that tracks S&P 500. When we put the trading rules above into Amibroker, we get the following equity curve (Shown below)

You can find more info about this trading strategy here:
https://www.quantifiedstrategies.com/triple-rsi-trading-strategy/