cumulative rsi

This strategy comes straight out of Larry Connors’ & Cesar Alvarez’s book called “Short Term Trading Strategies that Work“. I’ve really been enjoying programming and testing some of the ideas presented in their book — a lot of which seem to have some merit — so I wanted to go ahead and share some of the work I’ve been doing with my readers. On page 104 of their book, Connors and Alvarez state that this strategy was 79.49% accurate on the SPY when tested, earning 779.51 S&P points with an average holding period of under 5 trading days.