Strategy review
RSI > 70 = Continuation (Jyoti Budhia)
Reviewed video: “RSI above 70 momentum continuation strategy”
★☆☆☆☆
1.0/5
The claim
When daily RSI crosses above 70 it signals momentum continuation, so go long and exit when RSI drops below 50. Add weekly and monthly RSI for stronger confirmation.
How we tested it
Nifty-50 daily, 2 years, single-timeframe plus multi-timeframe (weekly, monthly) confirmation variants.
The data
| Metric | Value |
|---|---|
| Single TF | -0.15R |
| All-3 TF confirm | -0.29R |
| Dip-buy variant | -0.42R |
Our verdict
At least it tests a specific, falsifiable claim — that RSI above 70 predicts continuation rather than exhaustion.
It doesn't. −0.15R per trade, and stacking weekly + monthly RSI confirmation made it steadily worse (−0.29R, then −0.43R for the dip-buy variant). RSI>70 carries no continuation edge on Indian equities — the core thesis is simply false.
Bottom line
★☆☆☆☆ 1.0/5