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:
return RSI(C,17) >= 60 and C > SMA(C,40)
or RSI(C,5) >= 60 and C > SMA(C,10) and RSI(C,17)
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:
The indicator will be added to the Custom Indicators list.
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.