RSI -- 200SMA Strategy For ThinkOrSwim

JE $$

Member
I'm trying to convert this to a ToS strategy:

Buy SPY when:
RSI("length" = 2)."RSI" is less than 10 and RSI("length" = 2)."RSI" is less than RSI("length" = 2)."RSI" from 1 bars ago and RSI("length" = 2)."RSI" from 1 bars ago is less than RSI("length" = 2)."RSI" from 2 bars ago and RSI("length" = 2)."RSI" from 2 bars ago is less than 60 and close is greater than SimpleMovingAvg("length" = 200)."SMA"

Sell when the RSI(2) gets to 75

Can anyone help with this?

the above is the code i've worked out but in English its this:
I. Buy SPY when
1)above its 200SMA
2)Today’s 2-day RSI is below 10
3)2-day RSI falls 3 days in a row
4)The 2-day RSI, 3 days ago, is below 60

II. Sell when the 2-day RSI closes above 75
 
Last edited by a moderator:
RSI -- 200SMA Strategy

@JE $$
This should get you started.
Ruby:
def RSI = reference RSI.RSI;
def Var1 = RSI(2);

def Cond_1 = Var1<10;
def Cond_2 = Var1<Var1[1];
def Cond_3 = Var1[1]<Var1[2];
def Cond_4 = Var1[2]<60;
def Cond_5 = close[1]>SimpleMovingAvg(close,200);

def Cond_6 = Var1>=75;

AddOrder(OrderType.Buy_TO_OPEN, condition = Cond_1 and Cond_2 and Cond_3 and Cond_4 and Cond_5, price = open[-1], tradeSize = 1, tickcolor = Color.WHITE, arrowcolor = Color.WHITE,"");

AddOrder(OrderType.SELL_TO_CLOSE, condition = Cond_6, price = close, tradeSize = 1, tickcolor = Color.WHITE, arrowcolor = Color.WHITE,"");
 
Last edited by a moderator:

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