RSI = Blue, EMA of RSI = Red.
RSI 14, EMA 45
Long Rules:
1) RSI > EMA RSI = look for long setups
2) Resistance is broken ( a new high )
3) Price rejects (pulls away) from the previous resistance
4) RSI > EMA RSI >> 50
Short Rules:
1) RSI < EMA RSI = look for short setups
2) Support is broken ( a new low)
3) Price rejects (pulls away) from the previous...
Chart TF: 4H
Indicators: 14 EMA, 40 EMA, Vortex Indicator 30, RSI 22, TRIX 10
I have been tweaking this simple, yet profitable, system for a few weeks and wanted to share it with the public to receive feedback/opinions.
This post will go over the long entry conditions, look at my profile for the short conditions (they are simply flipped).
Long Conditions:
1) 14...
Chart TF: 4H
Indicators: 14 EMA, 40 EMA, Vortex Indicator 30, RSI 22, TRIX 10
I have been tweaking this simple, yet profitable, system for a few weeks and wanted to share it with the public to receive feedback/opinions.
Short Entry Conditions:
1) 40 EMA > 14 EMA.
2) A bearish candle must break below a support level.
3) The price must be under both EMAs.
4) VI(-)...
