© 2021 - Dan Chetrit - BUY/SELL"
Product Description:
The Indicator combines the Relative Strength Index, Moving Average Convergence Divergence as well as Volume and Stochastic.
The idea is to cross multiple data and signals from these indicators in order to trigger buy when crossing above and sell when crossing below the signal line.
The idea was also to find a mathematical function that will trade the convergence of these lines trying to predict the market.
This indicator works better on a daily chart.
The indicator works long and short but is better for long positions.
The script also includes an EMA 50 line as well as an overbought/oversold RSI background.
The indicator can be used on every type of market: indices, stocks, cryptocurrencies, currencies, and others but, according to backtesting, it works better for the US stock market.
This study is not a guaranteed profit. You should backtest or trade virtual money before using this study on your real portfolio, as it is intended to be a tool. Do your research and learn about the company you are investing in.
Disclaimer:
Trading and investing in the financial markets involves substantial risk of loss and is not suitable for every investor.
All trading strategies are used at your own risk.
Please send me a private message or comment on TradingView to gain access to the script.