Strategy combining Keltner Channels and RSI indicators. Looks for mean reversion opportunities when price touches channel boundaries and RSI confirms oversold/overbought conditions.
Keltner Channels map recent volatility while RSI measures momentum extremes. Entries occur when RSI supports a move beyond the channel.
Great for bounce traders around volatility envelopes. Stops rely on an ATR multiplier.
Entry Criteria:
Long: Close < LowerBand && RSI < RsiOversoldLevel
Short: Close > UpperBand && RSI > RsiOverboughtLevel
[]Long/Short: Both
[]Exit Criteria:
Price returns to EMA
[]Stops: Percent-based using StopLossPercent
[]Default Values:
EmaPeriod = 20
AtrPeriod = 14
AtrMultiplier = 2.0m
RsiPeriod = 14
RsiOverboughtLevel = 70m
RsiOversoldLevel = 30m
StopLossPercent = 2.0m
CandleType = TimeSpan.FromMinutes(5).TimeFrame()
[*]Filters:
Category: Mean reversion
Direction: Both
Indicators: Keltner Channel, RSI
Stops: Yes
Complexity: Intermediate
Timeframe: Mid-term
Seasonality: No
Neural Networks: No
Divergence: No
Risk Level: Medium