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th3web

Parabolic Dany

th3web  
Exponential Moving Average (EMA) Relative Strength Index (RSI) Parabolic Stop and Reverse (PSAR) trendfollowing
60
12
ema relativestrengthindex parabolicsar trendfollowing
This script is based on a strategy that includes the following indicators:
  • EMA at 100 periods;
  • RSI at 14 periods;
  • Parabolic SAR;

For the signals to occur the requirements are:
  • The price must cut the exponential moving average to 100 periods and close over;
  • The next spark plug must be of the same direction as the one that cut the moving average;
  • You must break the support or resistance generated by a swing within 20 previous spark plugs;
  • The Parabolic SAR must be in favor of operation;

The strategy is that you enter the market at the opening of the candle after the signal with a STOP LOSS of 25 pips and a Risk / Yield of 1 or 1.5 and maybe follow the Trailing Stop operation.

Good trading at all.
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