The MultiRSI strategy is a trading strategy designed to generate buy and sell signals based on the Relative Strength Index (RSI) indicator and moving averages. The strategy calculates two RSI values: a shorter-term RSI using a time period of 14 and a longer-term RSI using a resampled timeframe. It also calculates two moving averages: a 5-period simple moving average (SMA) and a 200-period SMA.
The buy signal is generated when the following conditions are met:
The 5-period SMA is greater than or equal to the 200-period SMA.
The RSI value is less than the longer-term RSI minus 20.
The sell signal is generated when the following conditions are met:
The RSI value is greater than both the shorter-term and longer-term resampled RSI values. The strategy uses a minimal return on investment (ROI) of 0.01 and a stop-loss of -0.05. Overall, the strategy aims to identify bullish trends when the shorter-term SMA crosses above the longer-term SMA and the RSI is below a certain threshold. It aims to capture profits by selling when the RSI is above the resampled RSI values.