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Forex Discussions
Trading Systems and Strategies
Relative Strength Index with Moving Average
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[QUOTE="Ckart 1, post: 152879, member: 56221"] Hello, I am working on what could be a profitable trading system. I have a couple of issues however with the RSI recalculating. Perhaps there is a way to improve this system so that the signals are more reliable. Chart set up: RSI 8 Moving Average on the RSI (first indicator's data) of 21 LWMA Shift 13 Trading Rules: Long trade: When the RSI passes over the 21 LWMA and is above 50 level Short trade: When the RSI passes under the 21 LWMA and below 50 level Exit long: When RSI passes under the 21 LWMA Exit Short: When the RSI passes over the 21 LWMA I use a 90 LWMA to determine the trend and it would seem best to use it on the H4 time frame. The problem however is, that the RSI might change from passing over/under a few bars later. I am wondering if there is a solution to this problem and if so, this might be able to produce good trades. Here is an example of what I am talking about: [URL]https://ibb.co/jO18Re[/URL] Also, I uploaded a template. [/QUOTE]
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