RSI MACD
Created on 6/17/2014 12:25:00 AM
The strategy uses RSI as a trend filter with a 50/50 cutoff. RSI > 50 only long trades will be opened, RSI < 50 only short trades will be opened.
The trigger is MACD, I was using 21,55, and 9 as the default settings. If bullish MACD cross takes place while RSI > 50, long position will be opened. If Bearish MACD cross takes place while RSI < 50, short position will be opened.
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
MACD
MACD Main
Fast EMA period:21 Slow EMA period:55 Signal period:9 Applied to:Close
Crosses from Bottom to Top
MACD Signal
Fast EMA period:21 Slow EMA period:55 Signal period:9 Applied to:Close
RSI Above 50
Relative Strength Index (RSI) 14 Close
Is Above
Constant (Horizontal line) Value: 50
Sell Signals
MACD Sell
MACD Main
Fast EMA period:21 Slow EMA period:55 Signal period:9 Applied to:Close
Crosses from Top to Bottom
MACD Signal
Fast EMA period:21 Slow EMA period:55 Signal period:9 Applied to:Close
RSI Below 50
Relative Strength Index (RSI) 14 Close
Is Below
Constant (Horizontal line) Value: 50
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.