TTMW STR : Triple EMA + Stochastic RSI #a001

8 thg 1, 2022

Authored by Kuntanut - To The Milky Way

Triple EMA + Stochastic RSI :
The Indicator purpose is to indicate the entry signal of my strategy using the combination of the 3 EMA and Stochastic RSI

The EMA are used as the filter for the strategy, the fast and slow EMA parameters determine the small bullish or bearish state of the symbol. The filter EMA filters the fast and slow EMA to be in the same bigger trend.

Long Condition (Green Background) :

1. Filter 
- The Fast EMA (12) is above the Slow EMA (26)
- The Fast and Slow EMA are related with the Filter EMA (200)

2. Signal 
- The Stochastic RSI parameter K crossover the D in the oversold area.

3. Entry 
- Next Candle after the bar of entry condition 
- Place the StopLoss at the lowest low of the 3 bars including the signal bar (ATR can be used to calculate the extension of the StopLoss).

Short Condition (Red Background) :

1. Filter - The Fast EMA (12) is under the Slow EMA (26)
- The Fast and Slow EMA are related with the Filter EMA (200)

2. Signal 
- The Stochastic RSI parameter K crossunder the D in the oversold area.

3. Entry - Next Candle after the bar of entry condition 
- Place the StopLoss at the lowest low of the 3 bars including the signal bar (ATR can be used to calculate the extension of the StopLoss).

14 thg 1, 2022

Phát hành các Ghi chú

Add the student version features to the indicator (Except the Alert Condition).