2-Period RSI Strategy

Originally developed by Larry Connors, the 2-period RSI strategy is a straightforward mean-reversion approach that aims to buy or sell after short corrective moves in the market. Traders look for buying opportunities when the 2-period RSI drops below 10, signaling a deeply oversold condition. On the flip side, short-selling opportunities arise when the RSI exceeds 90, indicating the market is overbought.