Signal library · Mean reversion
RSI(2) below 10 in an up-trend
Larry Connors' RSI-2: a two-bar RSI under 10 while price is above its 200-bar average.
- What it is for
- Buy short, sharp dips in a long-term up-trend; quick trades, small targets.
- Rule
- Buy (long) on 1h bars when (rsi2 crosses below 10) and (close above s200). Stop: 2.5 × ATR(14) from the entry. Target: 1 × the risk (stop distance). Exit after 5 bars at the latest.
- Side
- ▲ Long (buy)
- Timeframes
- 1h, 1d
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample · after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 1h | information only | — | — | — | — |
| United States | 1d | information only | — | — | — | — |
| India | 1h | information only | — | — | — | — |
| India | 1d | information only | — | — | — | — |
| United Kingdom | 1h | information only | — | — | — | — |
| United Kingdom | 1d | information only | — | — | — | — |
| Europe | 1h | information only | — | — | — | — |
| Europe | 1d | information only | — | — | — | — |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
Investing involves risk, including loss of principal. AlgoNexus does not guarantee returns. Past or simulated performance does not guarantee future results.
Start on paper. Go live only when you’re ready.
Set a goal, see whether it’s realistic, and watch AlgoNexus work with simulated money first. No card needed for the 14-day trial.