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Updated parabolic sar with ema and rsi
, this strategy includes 3 free trading view indicators, with HIGH ken ashee candles , now lets go ahead and add them to our chart ,
the 1st indicator is parabolic saarr and the 2nd indicator is E M A , and the final one is R S I , and we have to change some settings , change this E M A length from 9 to 200 ,
and change some settings on R S I indicator , so lets remove all options except for , the R S I , and the R S I middle band , and parabolic saarr on default sittings , now our strategy is ready , lets go into trading rules .
for a long signal to be valid , the price must be above 200 E M A ,with NEW buy signal from parabolic saarr, if , R S I above the middle 50 line
for a short signal to be valid , the price must be below 200 E M A , with NEW SELL signal from parabolic saarr ,if ,R S I BELOW 50 line
now we can go ahead and take a SHORT position
our stoploss must be above the recent higher high
and the risk to reward ratio will be 2
the 1st indicator is parabolic saarr and the 2nd indicator is E M A , and the final one is R S I , and we have to change some settings , change this E M A length from 9 to 200 ,
and change some settings on R S I indicator , so lets remove all options except for , the R S I , and the R S I middle band , and parabolic saarr on default sittings , now our strategy is ready , lets go into trading rules .
for a long signal to be valid , the price must be above 200 E M A ,with NEW buy signal from parabolic saarr, if , R S I above the middle 50 line
for a short signal to be valid , the price must be below 200 E M A , with NEW SELL signal from parabolic saarr ,if ,R S I BELOW 50 line
now we can go ahead and take a SHORT position
our stoploss must be above the recent higher high
and the risk to reward ratio will be 2
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.