Stochastic and RSI2 entries

26 Nis

Stochastic and RSI2 entries, v1.0

This indicator combines Stochastic and RSI to facilitate "RSI2" entry signals. Buy signals will be shown at the bottom.

The default configuration uses non-standard settings for the underlying indicators to tailor it for this type of entry strategy.

This is an entry strategy that tries to find entries close to "the dip".

A combination of Stochastic crossovers, VWAP, daily SMA50 and daily SMA200 are used to verify buy signals.

This indicator is written for bullish signals and aims to find the start of short trends or cheap entries for longer positions.

Like with any strategy, some signals will be false, and the user is advised to do some own research before using the buy signals for actual entries.

Happy trading!

26 Nis

Sürüm Notları

Stochastic and RSI2 entries, v2
Added support for MACD verification of buy signals. Default is Linda Raschke's MACD settings.
This can help remove some false signals but can also take away some good signals.

9 May

Sürüm Notları

v3 - Lookback length from Stochastic crossing to RSI less than 10 can now be set to two days, which is the new default. This should give more signals, hopefully more good than bad, but that is up to the user to verify.