Centered RSI Threshold Crosses with ATR Stops and Optional Trailing Exits

Summary

This strategy centers RSI around zero by shifting its midpoint and doubling the result, then enters long when the transformed value crosses upward through a lower threshold and short when it crosses downward through an upper threshold. It uses ATR multiplied by a configurable factor for stop distance, a configurable point target, and an optional trailing stop. Position quantity and indicator lengths are adjustable.

The script also sends alerts on entries and on transitions from an open position to flat, with opposite sides used for closing alerts. The document provides no backtest results, market selection, or performance evidence; its promotional description of potential profitability is unsupported by analysis. Fixed point targets and ATR stops may behave differently across instruments and timeframes, and no separate risk-sizing or execution assumptions are discussed.

Key ideas

• The strategy triggers entries from threshold crosses in a centered and rescaled RSI series.
• It derives stop distance from ATR and allows a configurable take-profit target.
• A trailing stop can be enabled alongside the target and stop settings.
• Entry and position-closing events generate alerts with symbol, side, and quantity fields.
• The document supplies no quantified evidence that the strategy is profitable.

Tags

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