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Stochastics and RSI Reversals
Name
Stochastics/RSI Reversals
Submitted
by
Steven Kessler / traderbambu
Periodicity
1, 2, 3, and 5 minute
SLOWD: Stochastics Slow D
RSI: Relative Strength Index
Explanation
I use the swing signals suggested here by
traderbambu sometime back, but you have to use them in combination with
something else because there are a lot of false signals. Note that I've written the code to not post the signal until the signal bar is complete. That way signals don't appear and then disappear while the bar is forming.
I use these on 1", 2", 3", and 5" charts.
Buy
Signal
SLOWD.2<20 and SLOWD.1>SLOWD.2 and
RSI.2<30 and RSI.1>RSI.2
Sell
Signal
SLOWD.2>80 and SLOWD.1<SLOWD.2 and RSI.2>70 and RSI.1<RSI.2
SLOWD: 15, 5, 2, Simple MA
RSI: 9, 3, Exp, Close, 5, Morris modified