Hi experts
Here is a simple trading system.
It seems to work in intraday conditions like 30min or hourly.
It is based on RSI and smoothing by 5.(fast and slow)
The chart is shown below.
It has smoothed RSI blue line,a reference line in yellow and a 50 line.
rules are like
BUY = when blue line and yellow line are below 50 and blue cross above yellow
line.
SELL = When blue line and yellow line are both above 50 line and blue line cross below yellow line
The kind of smoothing used for RSI and slow line in yellow is not clear.
Can somebody help get similar pattern blue and yellow lines in afl code please
I suspect the yellow line is a displaced moving average following RSI smoothed blue line.
Regards
ford
Here is a simple trading system.
It seems to work in intraday conditions like 30min or hourly.
It is based on RSI and smoothing by 5.(fast and slow)
The chart is shown below.
It has smoothed RSI blue line,a reference line in yellow and a 50 line.
rules are like
BUY = when blue line and yellow line are below 50 and blue cross above yellow
line.
SELL = When blue line and yellow line are both above 50 line and blue line cross below yellow line
The kind of smoothing used for RSI and slow line in yellow is not clear.
Can somebody help get similar pattern blue and yellow lines in afl code please
I suspect the yellow line is a displaced moving average following RSI smoothed blue line.
Regards
ford