It is a simple indicator that provides buy or sell signals based on the intersection of two EMAs and a simple moving average (SMA). once the Relative Strength Index has confirmed it. For greater accuracy, add additional indicators like stochastic RSI, MACD, etc. Use only for intraday trading, Not for Positional Trading
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Minor Bug Fixed
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How You to go with Signals: Whenever signal appears on chart mark high / low respective the signal i.e. Long for High and Short for Sell. Never hurry to take trade
Some minor changes
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Some minor changes please use additional indicator for better accuracy
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Customize RSI from Setting Panel
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Minor Bug Fixed
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Lines Removed
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If a long signal appears on the chart, wait for the candle to close above the line marked with the stop loss candle's low. If a sell signal appears, do the opposite.
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Simple SR cloud help you to understand the market trend , it is just Smoothen Moving average Helps you too identify right trend
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Settings changed
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Stoploss / Trailing Stoploss added SR cloud replaced with simple moving average period of 50
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New Buy Sell Signals with the help of Relative strength index. Strategy : When the RSI is above 60 in day TF then the indicator generates a long signal in 15 min, the entry will be the bar high and sl will be the bar low, minimum target will be 1:2 Risk to reward ratio, vice versa for the short side.
Please back test before entering into the trade.
Hope you like this , if any query please write down i will try my best to resolve it.
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Minor Bug Fixed**
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Minor Changes in RSI Signals
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Minor bug fixed with StopLoss line
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Minor changes
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Minor bug fixed
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Customized Moving average period from setting Use Indicator in 15 Min timeframe for Intraday for better Profits
Could you please explain more about the RSI on day TF and the 15 min thing. It's not clear to me. Thanks
TradingTail
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@munomoni, The strategy is when Previous day RSI crosses 60 level then only wait for 15 min candle RSI settle above 60 then go for Buy and vice versa for sell side but that strategy is removed from the indicator