Bullish RSI Divergence

34.10% strategy
performance

26.20% buy&hold
performance

73% percentage
of winning trades

0.78 reward to
risk ratio

0.83% average
position return

-19.70% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at Deep (7,000 candles) of SPY, 1 hour.

You can import this strategy into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the strategy.

Chart type the strategy tested at: Candles. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # "Bravo"
  60min Relative Strength Index (14, 70, 30, close) > 60min Relative Strength Index (14, 70, 30, close) (5 candles ago)
  60min Chart(close) < 60min Chart(close) (5 candles ago)

Exit Conditions

All of the following: # Sierra
  60min Relative Strength Index (14, 70, 30, close) > 70