This indicator allows you to trade RSI and MFI oversold and overbought zones with MACD confirmation. It is also possible to take an early trade by checking the "delta" (difference between the fast MACD line and the signal line) (histogram) value of the MACD.
Buy Condition
Sell Condition
Inputs
Feel free to ask any questions you have.
Please report any bugs you found, with a screenshot of the chart. You can leave a comment or send me a DM.
Buy Condition
- Both RSI and MFI must be in the oversold area
- After that, wait for a MACD crossover
Sell Condition
- Both RSI and MFI must be in the overbought area
- After that, wait for a MACD cross-under
Inputs
- MFI Length: Length of the Money Flow Index
- RSI Length: Length of the RSI
- MACD Length: Length of the MACD
- MACD Fast Length: Fast Length of the MACD
- MACD Slow Length: Slow Length of the MACD
- RSI Overbought: Overbought boundary of the RSI
- RSI Oversold: Oversold boundary of the RSI
- MFI Overbought: Overbought boundary of the MFI
- MFI Oversold: Oversold boundary of the MFI
- Use delta to trade early?: Use this if you want to take a trade early by checking the MACD histogram
- Delta: Absolute value of the MACD histogram. Whenever the "MACD Histogram" is less than the given "delta", a trade will be triggered if possible
Feel free to ask any questions you have.
Please report any bugs you found, with a screenshot of the chart. You can leave a comment or send me a DM.