Intraday RSI, CCI, and Hull Average Formation Break Strategy

Summary

This intraday strategy combines RSI and CCI thresholds with an ordered stack of smoothed exponential and Hull moving averages to identify a price formation. It tracks the formation’s high and low, then uses a close below its recorded low as a short trigger during the specified trading window. The script calculates a stop from recent highs and sets a profit target as a configurable multiple of the stop distance; it can also reject setups when the stop distance exceeds a percentage cap.

The document provides indicator rules and partial Pine Script, but no performance results or full strategy implementation. Its labeling and comments are inconsistent: the described captured-high break does not match the shown short signal below the captured low, and the visible code does not show the corresponding long-entry logic. The stated entry is submitted on the signal bar, despite a comment referring to the next candle’s open. These details limit how confidently the intended method can be reconstructed or evaluated.

Key ideas

• The short setup requires an ordered EMA and HMA arrangement plus elevated RSI and CCI readings.
• A formation’s high and low are tracked while qualifying candles appear during the trading session.
• A close below the tracked low triggers the visible short-entry logic.
• The stop and target are based on recent highs and a configurable risk-to-reward multiple.
• The excerpt does not provide results and contains mismatches between comments and executable conditions.

Tags

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