Weighted Rsi Cci Stoch oscillator mp
- Indicators
- DMITRII GRIDASOV
- Version: 1.5
- Activations: 10
Forex Indicator "Weighted Rsi Cci Stoch Oscillator" for MT4 , No Repaint
- This unique indicator combines 3 in 1: RSI, CCI and Stochastic for calculation!
- Precise momentum trading opportunities with this software - see examples on pictures
- Indicator consist of 3 lines :
- Weighted Rsi Cci Stoch Oscillator itself (Blue color);
- Fast MA of oscillator (Yellow color);
- Slow MA of oscillator (Red color);
- Zone above 50 - overbought zone (Do not BUY there).
- Zone below -50 - oversold zone (Do not SELL there).
- Oscillator (Blue line) - generates entry trade signals
HOW TO USE (Example for LONG, see pictures):
- Current candle is just closed
- Fast MA (yellow) is above Slow MA (red) and oscillator blue line is over both of them
- Oscillator blue line value is below 50 level (not in overbought zone)
- Blue line just formed Rebound Upward Hook: hook means that blue line went closely to yellow one and then bounced up forming visible angle.
- If steps 1-4 are done - open LONG trade
- Close long trade in profit once oscillator line is in overbought zone
- Vice versa for SHORT trades.
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