REDWOOD MTF MacD Stochastic RSI

One of out most premium indicators is this MTF MacD Stochastic RSI combo.

This is calculated with specific conditions to give the best signals for market reversals or continued trends.

=======
For a detailed description of how the REDWOOD MacD works, see profile (links of personal indicators arent posting for some reason)

For a detailed description of how the REDWOOD Stochastic RSI works, see profile
=======


These are both powerful indicators alone, but together they work very well together to confirm positions or see new entries or exits.

Without giving too much away on how it is made, this takes trades when the MacD is weak, with a confirming signal from the Stoch RSI
just the other way, it takes trades when the MacD is strong, and the Stoch RSI confirms trend.


This was made to reduce clutter of watching multiple indicators, while still giving you a chance to see what both indicators are doing and how they are flowing together.


Custom alerts are set so you never miss a trade opportunity! Get alerted on all reversals, strong signals, or even signals from the MacD or Stochastic RSI crosses!




This is a Multi Timeframe indicator so you can see what is happening on a long term time frame while trading short time frame bars, getting a better position in the market.


Best trades are when the alert or indicator is signaling, and the close of the MacD is about to happen on the MTF time frame set. All timeframes for both MacD and Stoch can be customized, and they do come with default settings.

Best MTF Time frames are longer timeframes (1hr, 4hr, D) but it can work well with current timeframe and lower timeframes (15min, 30min)



All settings for the MacD and Stoch are the same as the original, you can remove the MacD or histogram, remove or see crosses, and even color in pivot points in the MacD

~~~
Added feature is this indicator by default shows the MacD to tell you the overall trend, but you can uncheck the Show MacD setting to remove the MacD and check the Show Stoch RSI to have the indicator show you the Stoch RSI all in the same indicator! This is extremely useful to see where the Stoch RSI is at when the MacD is turning or pivoting. If the stoch is turning as well and overbought or oversold, it is a good time to enter or exit a position.

Dark Green is showing buy signals, and dark maroon is showing sell signals.

The coloring in the background (red, lime) is showing the trend we are riding and when the color goes away it is an indication of a possible trend reversal or dip coming. These are mostly used to confirm positions.
~~~

The timeframes I recommend would be the 4hr on both, althought it has proven to work well (if you want more signals) to have either the MacD or Stoch RSI on a higher timeframe and the opposite on a lower timeframe.
All plots and inputs can be customized to your own liking, and there is the option to color the bars with the Stoch RSI being overbought or oversold.

Best Trading Strategy : Enter positions according to the colors being alerted (green = buy, red = sell) when the FIRST is alerted. This is the ideal and best entry.
For safer trading you can wait for a second to confirm and enter there.

Trades can be taken on the shading colors too, trading on trend waves, although this is risky as some waves end abruptly. Best signals are as stated above.
This indicator works very well on its own but can work well along side our other indicators listed here :
Bishop MA's or MA Cloud with Fill


This can be a very useful indicator, and I'm sure some may find settings that work even better
than the default or recommended settings.

This indicator works on all markets, forex, cryptocurrency, and stocks.

For access to this and all indicators available, please DM me here or See profile.
We are here to help each other succeed! The more one succeeds the more we all succeed! We are all in this
together and every person deserves to be financially independent and confident when taking trades
and investing.