The indicator accepts three arguments: Start bar - from which bar to start calculating Size of the dot on the chart (in font size) Distance from the top/bot Note: the indicator works on the time frame you are currently on This indicator is very simple, does not distract you The MACD and RSI trading strategy works on the premise that the RSI indicator is used to gauge the market momentum while the MACD oscillator’s histogram is used as a timing indicator. When the two indicators line up, long and short positions can be taken accordingly Forex Indicator Volcano A new masterpiece for Forex currency traders from Altredo developers. New Signal Indicator and Forex (Currencies) Trend Direction Predictor Forex Volcano Indicator. Forex Indicator predicts trend reversal points (trend reversals),
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For traders who prefer to make use of a rather simple rule based trading strategy without the complexity, the RSI and MACD Strategy is very ideal. This particular Forex trading strategy makes it easy for even beginners to trade with and works regardless of the market trends. Because the MACD and the RSI oscillators are two widely available trading indicators, they can be used on any trading platform which is bound to have these two default trading oscillators.
When the two indicators line up, long and short positions can be taken accordingly. RSI and MACD Strategy — Chart Set up. RSI and MACD Strategy — Buy Setup. In the first chart above, we have a long signal that was triggered first by the RSI 7 which crossed above the 50 level. A few sessions later, the MACD histogram also turns above the 0-line where the long position is taken. After quite a while, the RSI 7 dips back below the 50 level followed by the MACD histogram which also crosses down the 0-line.
This is where the long positions are exited. RSI and MACD Strategy — Sell Setup. In the next chart above, we can see how a sell signal was triggered using the MACD and the RSI trading strategy.
Here, after the RSI first turned below 50, the MACD followed suit few sessions later. On the trigger candle, short positions were entered with a relatively tight stop loss. Prices continued to fall steadily and eventually on the next buy signal, the trade was exited with a very favorable profit.
As you might notice, in the above forex super arrow signal indicator free download buy and sell signal examples using the MACD and the RSI trading strategy there were two failed subsequent signals. This is something which traders need to get accustomed to. Due to the fact that the trading strategy yields strong profits with relatively tight stop losses in comparison, traders should be able to re-enter a trade especially if a second signal with the same bias comes up.
The relatively tight stops can often get hit, but however the profit potential remains far wide open, making the RSI and MACD Strategy a really simple forex trading strategy that is also easy to trade. If you like to learn how to anticipate market movements and stop using lagging indicatorsthen you will absolutely LOVE our Sniper Trading System. Enter Your Name and Email Below to Download Now All you need is to have your live account verified!
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