ActiveTrader 2009-07 | Adaptive RSI 2.0 by Eugene

ActiveTrader 2009-07 | Adaptive RSI 2.0

To determine the variable look-back period:

  1. Determine the initial number of swing points to use in the calculation (six by default).
  2. Count the number of price bars it takes for the n swing points to form.
  3. Divide step 2 by step 1 and round the result.

Strategy rules
 

  1. Go long on tomorrow’s open when the closing price is above the 150-day SMA and the adaptive RSI crosses above its dynamic oversold threshold.
  2. Go short on tomorrow’s open when the closing price is below the 150-day SMA and the adaptive RSI crosses below its dynamic overbought threshold.
  3. Exit at the market after 15 days.

Overbought-oversold level calculation:
The adaptive RSI’s dynamic thresholds defined by Bollinger Bands with upper and lower boundaries placed two standard deviations above and below a 100-day SMA.

 

Author: Eugene
Category: Dip Buyers
Creation Date: 11/8/2009
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"