Cumulative RSI Strategy

I suppose nothing drives a point home like a 10+ year backtest! A couple of weeks ago I published a custom indicator called the Cumulative RSI . This indicator was straight out of chapter 9 of "Short Term Trading Strategies That Work." Today I am publishing a basic sample strategy in that uses the Cumulative RSI as its only entry and exit signals on a Nasdaq 100 leveraged index ETF ( TQQQ ). In this example, the indicator is being used as a longer term strategy with just 10% leverage over the account equity and a $25k start balance.

If I had it 10 years ago I would probably be retired! I'm sharing because I've found that it can provide an edge when determining exit/take profit points for trades. Many traders wait for a price reversal / trailing-stop to exit a trade when it starts losing. I've found that, using tools like the Cumulative RSI , you can achieve better exit points over the long term. Disclaimer: Even though this example significantly beats buy and hold, I wouldn't advise using it as a stand-alone strategy without significant additions/modifications to strategy and risk management functions.

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Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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