jigneshjc

Jigga - All Together

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11
Hi All,

We know that one single indicator does not help to take decision. We need combination of indicator to make it work.
I have just added below indicator together
1) MACD
2) RSI
3) Moving average cross over
4) ADX
5) William %R

I have decided few condition as below.
Indicator: MACD , Positive : MACD > Signal Line , Negative : MACD < Signal line
Indicator: RSI , Positive: RSI > Upper band , Negative: RSI < Lower band
Indicator: EMA Cross over , Positive: Fast MA > Slow MA , Negative: Fast MA < Slow MA
Indicator: ADX , Positive: ADX increasing , Negative: ADX decreasing
Indicator: William%R , Positive: %R > Upper band , Negative: %R < Lower band


Calculation:
Indicator value = +1 if it satisfy positive condition and -1 if satisfy negative condition. Final output line will be sum of all indicator values.

I have also added higher time frame lines to have more visibility.

NOTE: This study will be used to see trend momentum and can not be used to trade using this. Please consider reversal candle pattern also.

My Trading style :
Step 1) Wait for indicator to go red for few days.
Step 2) Buy when line turns to green or touches 0 line.
Step 3) Keep stop loss at last swing low
Step 4) Keep trailing stop loss until you get reversal candle pattern.
Release Notes: Update Note-
Added Supertrend and ChainkinMF.
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