RSI Mean Reversion Strategy

Script from: TradingViewIntradayScalpingTrend followingMean reversion

The RSI Mean Reversion Strategy for crypto scalping uses the 100 period EMA to gauge trend direction. Go long when the RSI dips below 40 while price is above the 100 EMA; short when RSI rises above 60 with price below the EMA. Adjust settings via newly added inputs and ensure alerts with "{{strategy.order.alert_message}}".

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.

2,247backtests3 markets

23robust scoreranked median 52

0.51p-valueranked median 0.24

3/113pass 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 0.78 (p = 0.51), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

3 of 113 backtests with more than 15 trades pass our quality gate.

Robust score

23/100, 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.

0.78

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,247 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Elevation Oncology, Inc. NASDAQ:ELEV	4H	+201%	6.04	15	9%
Plug Power, Inc. NASDAQ:PLUG	2H	+134%	1.30	231	34%
Connexa Sports Technologies Inc. NASDAQ:CNXA	2H	+124%	56.96	11	6%
Palantir Technologies Inc. NASDAQ:PLTR	1D	+116%	9.73	24	8%
Connexa Sports Technologies Inc. NASDAQ:CNXA	1D	+106%	2.98	18	79%

⚠Selected after the fact: these are the best 5 of 2,247 runs, not what to expect from this strategy. Most have fewer than 60 trades, too few to separate skill from luck.

Is RSI Mean Reversion Strategy profitable?

Not reliably, based on our tests. Across 2,247 backtests, 3 of 113 with more than 15 trades pass our quality gate. The best result is +201% on Elevation Oncology, Inc. (4H, 15 trades). On average, its results are statistically indistinguishable from chance (p = 0.51).

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