R3 Strategy

This is an old strategy from the famous larry... just used on H4 instead D1!
A buy signal is given when: The market price is above the 200-day moving average. The 2-period RSI is falling for three days in a row. On the first candle of the three-candle decline, the RSI value is already below 60. Actual 2-period RSI is closing below 10.
A short sell signal is given when: The market price is below the 200-day moving average. The 2-period RSI is rising for three candle in a row. On the first candle of the three-candle rise, the RSI value is already above 40. Actual 2-period RSI is closing above 90.

I know it s only for daily charts... but I want to get some signals so I choose a TF one step lower!

Original source:
https://www.whselfinvest.de/de-de/tr...-larry-connors
Best pairs here:

Very interesting, just came upon your Account on this Forum!

Keep it up, although not trying to get lost with the shiny object syndrom lol

It is difficult to find three candles in sequence in H4 especially in usual market sessions. It happens rarely. Maybe if we can have a dashboard which can show a sequence of three candles for each cross, it can be more easy to detect.