REMS Synergy Overlay

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This 3rd generation REMS indicator builds upon the foundations assessing the relationships between RSI, EMAs, MACDs, and Stochastic RSI across multiple timeframes. Designed to help traders identify less frequent, but high probability entries across 2 time frames. Uses 3 levels of confluence indicators for both long and short moves.

Confluence Level 1 (Highest Conviction):
Evaluates selected criteria across both timeframes. All selected criteria must be in confluence to trigger signal.

Confluence Level 2 (Moderate Conviction):
Selected criteria can be selected by each timeframe individually. All selected criteria must be in confluence to trigger signal.

Confluence Level 3 (Lower/supportive confluence):
Of the selected criteria, this level can evaluate a set number of conditions that must be met. Number of conditions is user-defined.

Includes VWAP and 4 EMAs as optional visual representations.
Includes 'Enhanced Candles' than can colour code candlesticks for better visual identification. (off by default)

Originally designed with 5 minute and 2 minute timeframes in mind, and pairs well with REMS First Strike and/or REMS Snap Shot indicators.

Values coded below:

RSI
-Primary: Length = 14, Smoothing = 20 (via SMA)
-Secondary: Length = 7, Smoothing = 20 (via SMA)

Stochastic RSI
Primary:
-RSI Length = 14
-Stochastic Length = 8
-%K = 3, %D = 3

Secondary:
-RSI Length = 7
-Stochastic Length = 7
-%K = 3, %D = 2

MACD - applied to both timeframes
-Fast = 12, Slow = 26, Signal = 9

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Phát hành các Ghi chú

+ Added MACD Histogram Filter to identifying earlier signals

- adjustments to Stochastic RSI range filters