This is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- BUY when it detects a significant MA cross and the right stoch RSI conditions OR when the SELL signal hits a Stop Loss (adjustable in settings)
- SELL when it detects a significant MA cross and the right stoch RSI conditions OR when the BUY signal hits a Stop Loss (adjustable in settings)
In testing it it performed best on daily chart with a 14 days Lookback window.
NOTE that a signal is only definitive once the trigger candle has closed.
I offer a full featured version which prints STOPS and trade CLOSE. Contact me on Twitter for details on how to gain access.
To setup an alert with GoombX Light, follow these steps:
- Set up GoombX Light on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (BUY or SELL)
- Under Options, choose "Once per bar close"
- Create