RSIofAggregateHighs

This strategy is based on aggregate of highs of specified length. Then this value is input to RSI 14 period.

Take long when the curve crossing up 23.6 , 32.8 , 50 , 61.8 and 72 ... These are Fib numbers ... ( you could use simple oversold level 20 or 30 , simple overbought level 70 or 80. )

Better results found when crossing up 50 line. Closing the LONG trade also use the same setting but when crossing down.

It best works for one hour / 4 hours chart.

Tested for SPY , QQQ and AAPL symbols.

Stop Loss set to 8%

I have also added SHORT parameter , however SHORT trade results are NOT good on any time frame.

Warning
for the use of educational purposes only