This post continues my objective of examining the period settings of RSI to determine which periods offer predictive qualities. The previous study looked at the SPY. This study examines the QQQQ.
Parameters:
All short-sells and buys-to-cover were executed on the open of the day following the buy/sell criteria being met. For example, if RSI(?) closed at 71, [...]
Un-scientific observations noted here piqued my curiosity as to what RSI period setting is the most predictive. Over the next week I will be running some tests in order to determine which RSI settings are predictive and which ones might be discarded as useless.
First I will look at using RSI as an overbought indicator.
As 70, [...]
