Posts Tagged ‘rsi’
MT4 indicators and template attached – Updated to version 1.3
This is an easy to use system that I’m working on. I’m using EURJPY/15 minutes only for now. Please try it out and help me improve it!
EURJPY 15 minutes
Heiken Ashi default (usually comes with MT4)
Laguerre Gamma 0.75, Levels 0.75 and 0.25
Heiken Ashi is similar to the candlestick chart but smoother, you don’t have to use it but I consider it a component of the system. In the template provided it replaces the bar/candlestick/line chart. Note that the longer that wick is on the bottom of the candlestick, the stronger the downtrend and longer it is above the candlestick the stronger the uptrend. The wicks generally show the same highs and lows as a candlestick.
SSL is the faster indicator and like the Parabolic SAR in that it sits above the chart in a downtrend or below in a uptrend.
Laguerre shows the overall trend and a long cross is up through 0.25 and should usually stay above 0.75 throughout the long trend. A short cross is down through 0.75 heading towards 0.45 and should usually stay below 0.15 throughout the short trend. Sometimes it will break below its long of 0.75/above short of 0.25 and quickly come back.