RSITrendStrategy

Script from: TradingViewSwingTrend followingMomentumOptions

The RSITrendStrategy capitalizes on RSI crossover signals, employing RSI(5) and RSI(11) to pinpoint entry points, and RSI(6) to identify market extremes. Applied to Nifty 50 & Nifty bank indices, it suggests buying call options around a 300 premium with a 50 point stoploss on candle close. Targets float until a short signal emerges while occasionally using pivot points to set targets and trail positions.

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.

1,915backtests3 markets

13robust scoreranked median 52

0.25p-valueranked median 0.24

1/87pass 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 1.51 (p = 0.25), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

1 of 87 backtests with more than 15 trades pass our quality gate.

Robust score

13/100, 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.

1.51

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,915 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
General Motors Company NYSE:GM	2H	+19,953%	1.15	311	73%
Huntington Bancshares Incorporated NASDAQ:HBAN	2H	+10,612%	1.23	447	92%
KeyCorp NYSE:KEY	2H	+3,473%	1.35	482	72%
Urban Outfitters, Inc. NASDAQ:URBN	1H	+3,369%	1.80	411	86%
Rivian Automotive, Inc. NASDAQ:RIVN	1H	+1,154%	1.58	165	57%

⚠Selected after the fact: these are the best 5 of 1,915 runs, not what to expect from this strategy.

Is RSITrendStrategy profitable?

Not reliably, based on our tests. Across 1,915 backtests, 1 of 87 with more than 15 trades pass our quality gate. The best result is +19,953% on General Motors Company (2H, 311 trades). On average, its results are statistically indistinguishable from chance (p = 0.25).

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