Hi everyone,
I am using the below strategy using MACD and RSI for buying scrips in the short term. But how we can identify the false signals generated.
Enter Strategy:
I am using the below strategy using MACD and RSI for buying scrips in the short term. But how we can identify the false signals generated.
Enter Strategy:
- When RSI(25) crosses over 30 (And)
- When MACD(7,13,9) is greater than MACD-Signal(7,13,9)
- When RSI(25) crosses below 70 (Or)
- When +DI(25) crosses below -DI(25) (And) ADX(25) greater than 25
- ADX indicator to determine the strength. But this was not helpful. ADX was low both in true positive and false positive cases.
- Aroon indicator to determine the strength. This also didn’t help.