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I'm not a programmer or coder type so I request help. Could somebody develop an indicator based on Dr Schaap's 50/50 trading strategy. http://www.traderdoc.com/InvestwithSuccess.html, or www.5050strategy.com
Basically, it's the 50 day EMA and RSI in tandem on any time frame. If the price goes above the 50 day MA AND above 50 RSI, it's long signal(green signal/arrow up). If the price goes below the 50 day EMA AND below 50 on the RSI, it's a sell signal(red signal dn). Both MA and RSI must be below or above together for this system to work. If you could plot the signal on RSI 50 line and also at price above on chart when firing off that would be helpful.
It's an effective system I've been eyeballing, and it works. It just needs to automated as a custom indicator for esignal.
Please let me know if you can build this. I can't figure out EFS.
Maybe customizing current .efs 50 EMA and RSI indicators will work.
let me know.
Ruben [email protected]
Basically, it's the 50 day EMA and RSI in tandem on any time frame. If the price goes above the 50 day MA AND above 50 RSI, it's long signal(green signal/arrow up). If the price goes below the 50 day EMA AND below 50 on the RSI, it's a sell signal(red signal dn). Both MA and RSI must be below or above together for this system to work. If you could plot the signal on RSI 50 line and also at price above on chart when firing off that would be helpful.
It's an effective system I've been eyeballing, and it works. It just needs to automated as a custom indicator for esignal.
Please let me know if you can build this. I can't figure out EFS.
Maybe customizing current .efs 50 EMA and RSI indicators will work.
let me know.
Ruben [email protected]