RsiReached
Concept
The Relative Strength Index (RSI) measures how quickly and strongly prices move, producing values between 0 and 100. Readings above 70 indicate overbought conditions, while values below 30 indicate oversold markets.
Idea
This strategy triggers a long signal when RSI crosses upward above the oversold threshold (30) and a short signal when it crosses downward below the overbought threshold (70).
Genetic Algorithm Parameters
- RSI period length
- Upper and lower threshold values
- Price type used for calculation
Best suited for
Effective in volatile markets prone to overreactions
Less reliable in strong, steady trends where RSI can remain extreme for long periods