42.RSI Crossover with ADX Filter

RSI Crossover with ADX Filter


 is based upon momentum signals from the Relative Strength Index to identify overbought and oversold conditions. When there are overbought conditions it trades short if the ADX confirms that we are in a trending market which is defined as ADX>25. And when there are oversold conditions it trades long if the ADX confirms this. We use the ADX as a filter to make sure we don't enter trades when there are range bound and choppy market conditions. There are adjustable stops and limits that you may set to control your exits.