Rsioma HA TS
Very simple T S that uses:
LONG ENTRY:
RSI crossing over its EMA 9;
Last HA candle is green and closes above EMA 5 (best signals when this candle has ONLY upper long shadow and no lower shadow -> STRONG TREND STARTING)
SHORT ENTRY:
RSI crossing under its EMA 9;
Last HA candle is red and closes under EMA 5 (best signal when this candle has ONLY lower long shadow and no upper shadow -> STRONG TREND STARTING)
When do I exit a trade?
Safe exit: when last HA candle is a doji or it's red (green if short)
Normal exit: when RSI crosses under (over if short) its EMA 9
Better TF: Daily (it can be used also on 1hr and 4hr TF)
Credits to Forex Factory community.
- RSIOMA ( Relative Strength Index of Moving Average) ( RSI 7, EMA 9);
- EMA 5 offset 2;
- HEIKIN ASHI Candles.
LONG ENTRY:
RSI crossing over its EMA 9;
Last HA candle is green and closes above EMA 5 (best signals when this candle has ONLY upper long shadow and no lower shadow -> STRONG TREND STARTING)
SHORT ENTRY:
RSI crossing under its EMA 9;
Last HA candle is red and closes under EMA 5 (best signal when this candle has ONLY lower long shadow and no upper shadow -> STRONG TREND STARTING)
When do I exit a trade?
Safe exit: when last HA candle is a doji or it's red (green if short)
Normal exit: when RSI crosses under (over if short) its EMA 9
Better TF: Daily (it can be used also on 1hr and 4hr TF)
Credits to Forex Factory community.
