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Combining RSI With RSI

The article by Peter Konner in this issue, ďCombining RSI With RSIĒ, describes how to combine two RSI indicators to trade long-term uptrends and short-term corrections, all in one strategy.

Using Tradecisionís Strategy Builder, one needs to create the RSI with RSI Strategy:

Long Rule:

return RSI(C,17) >= 60 and C > SMA(C,40)
or RSI(C,5) >= 60 and C > SMA(C,10) and RSI(C,17) 
< 60;

Short Rule:

return RSI(C,17) <= 40 and C < SMA(C,40)
or RSI(C,5) <= 40 and C > SMA(C,10);

Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
Combining RSI With RSI
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