STOCH RSI MACD
Created on 6/17/2014 1:10:37 AM
Using the Power Crossover Method, the goal is to wait until all three indicators confirm a directional move. This is accomplished by using MACD to determine the direction of the market, then waiting for RSI and Stochastic to cross the 50 value. Using additional indicators to confirm the trend will help filter out some of the whipsaws that might be experienced when relying on MACD alone.
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
RSI> 50
Relative Strength Index (RSI) 7 Close
Is Above
Constant (Horizontal line) Value: 50
MACD Main Above 0
MACD Main
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Above
Constant (Horizontal line) Value: 0
MACD Signal Below 0
MACD Signal
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Below
Constant (Horizontal line) Value: 0
STOCH > 50
Stochastic Main
%K:14 %D:14 Slowing:3 MA Method:Simple Price Field:Low/High
Is Above
Constant (Horizontal line) Value: 50
Sell Signals
RSI < 0
Relative Strength Index (RSI) 7 Close
Is Below
Constant (Horizontal line) Value: 0
MACD Main Below 0
MACD Main
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Below
Constant (Horizontal line) Value: 0
MACD Signal Above 0
MACD Signal
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Above
Constant (Horizontal line) Value: 0
STOCH < 50
Stochastic Signal
%K:14 %D:14 Slowing:3 MA Method:Simple Price Field:Low/High
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.