This is a kind of trend indicators.
Signal to buy/sell comes when adx surpasses +5/-5 and RSI comes to buy/sell area.
Filtering with distance from ema55 (far above or far below position blocks entries) and with RSI overbought/oversold areas.
Needs to be adjusted for specific timeframes.
Default settings for 4H.
Signal to buy/sell comes when adx surpasses +5/-5 and RSI comes to buy/sell area.
Filtering with distance from ema55 (far above or far below position blocks entries) and with RSI overbought/oversold areas.
Needs to be adjusted for specific timeframes.
Default settings for 4H.