RSI TrueLevel Strategy

Script from: TradingViewSwingMomentumVolatilityReversalDivergence

The RSI TrueLevel Strategy combines the RSI indicator and TrueLevel envelopes to generate trade signals. It uses user-defined input parameters for 14 TrueLevel bands, emphasizing the 12th band to reduce noise. Long signals occur when RSI crosses above 40 or price rises above the lower band; short signals occur when RSI drops below 65 or price falls below the upper band. Trade size and band colors are customizable.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

2,217backtests3 markets

30robust scoreranked median 52

0.48p-valueranked median 0.24

0/52pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.98 (p = 0.48), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 52 backtests with more than 15 trades passes our quality gate.

Robust score

30/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.98

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,217 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
UnitedHealth Group Incorporated NYSE:UNH	4H	+9,221%	4.93	149	66%
Starbucks Corporation NASDAQ:SBUX	2H	+4,810%	2.22	243	54%
Expedia Group, Inc. NASDAQ:EXPE	2H	+1,230%	1.59	251	80%
Affirm Holdings, Inc. NASDAQ:AFRM	1H	+695%	1.46	113	81%
ZIM Integrated Shipping Services Ltd. NYSE:ZIM	1H	+683%	1.86	111	72%

⚠Selected after the fact: these are the best 5 of 2,217 runs, not what to expect from this strategy.

Is RSI TrueLevel Strategy profitable?

Not reliably, based on our tests. Across 2,217 backtests, 0 of 52 with more than 15 trades pass our quality gate. The best result is +9,221% on UnitedHealth Group Incorporated (4H, 149 trades). On average, its results are statistically indistinguishable from chance (p = 0.48).

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