Centered RSI Cross Entries with ATR Stops and Optional Trailing Exits

Summary

This script centers RSI around its midpoint by shifting and scaling the usual RSI reading, then opens a long position when the transformed value crosses its negative threshold and a short position when it crosses its positive threshold. It uses a fixed contract quantity and sets stop distance from ATR multiplied by a user-selected factor. Exits also include a point-based profit target, with an optional trailing stop controlled by start and distance settings. The script emits alert messages for entries and position closures.

The source exposes settings for RSI and ATR lengths, stop multiplier, quantity, target distance, and trailing behavior. The document supplies no backtest configuration, performance statistics, or evidence that the thresholds are profitable. The fixed quantity does not adapt to account equity or changing volatility, and the practical meaning of point-based exits depends on the instrument. The signals and alert behavior should therefore be evaluated in the intended market and execution setup before use; the page’s promotional claim about returns is not supported by results in the supplied material.

Key ideas

• The script transforms RSI into a centered scale and trades threshold crossovers.
• ATR multiplied by a configurable factor determines the stop distance.
• A fixed point target is paired with an optional trailing stop.
• Position quantity is set as a fixed contract count rather than risk-based sizing.
• The document provides no backtest results to substantiate performance claims.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.