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Price channel MACD RSI Forex indicator Download

MACD price channel A Forex trading system called RSI provides simple buy/sell signals. Scaling and intraday trading, as well as binary options High/Low, benefit from this setup. Along with other methods, it makes use of Bollinger Bands, EMA, MACD, and Price channel oscillator.

To help traders from the beginning of each market entry through to the end, Price Channel with MACD RSI has been established. To identify prospective trade opportunities with a higher chance of success for its customers, this system continuously monitors price-action changes and market momentums.

It is a flexible trend-following forex trading strategy that works with charts of all different timeframes and can be used to trade a wide range of foreign exchange currency pairings.

It performs admirably for scaling on the M1 or M5 periods. But it can be used to any. A 1-Minute chart is preferable for binary options with 4-6 minute expirations, and a 5-Minute chart is preferable for options with 20–30 minute expirations.

You can use the MACD RSI indicator system to generate trade signals that you can use as-is or further filter with further chart research, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.

Any Forex currency pair as well as other assets like equities, commodities, cryptocurrencies, precious metals, oil, gas, etc. can be used with the MACD RSI indicator. Additionally, you may use it on any time frame that works best for you, from 1-minute charts to 1-hour charts. On the M1 or M5 timescales, it performs best.

  • Bollinger Bands are a very well-liked indicator among traders for spotting overbought/oversold market circumstances. The market’s top band is regarded as the overbought area, while the lower band represents the oversold area.
  • The 3-day Exponential Moving Average, or 3 EMA, is used to determine the short-term market trends. When the trend is bullish, price maintains a position above it; when the trend is bearish, price moves below it.
  • An established momentum oscillator that excels in spotting market momentums is the MACD. When market momentum is bullish, the MACD value is positive; when market momentum is bearish, it is negative.
  • MACD RSI Arrow – This indicator alerts traders to trade entries by combining the MACD and RSI indicators. When the MACD becomes positive and the RSI value shows the market is oversold, it plots an upward arrow beneath the price bar to signify the long entry. On the other hand, when MACD becomes negative and RSI simultaneously suggests the market is overbought, a downward arrow is generated above the price bar to indicate the short entry.
  • In order to filter the trade signals printed by other indicators of the system, the Price Channel OSC (Price Channel Oscillator) plots the crossing trend signal. Its red slope crosses over its blue slope to signify a bullish crossover of the market trend, and its blue slope crosses over its red slope to signify a bearish crossover.

No Minimum Deposit

ECN Acount

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Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500

This Forex indicator Trading rules

London and New York are the time zones for intraday trading and scalping. On M5 period, it performs admirably. But it can be used to any. When entering trades, we also advise keeping an eye out for support and resistance.

Buy signal

  • Price is close to or has passed through the lower Bollinger Bands.
  • Overlooking the Yellow EMA, a bullish bar closes.
  • The downward-pointing MACD RSI Buy Arrow is placed above the price bar.
  • The lower channel of the Price Channel has been crossed upward by the Price Channel.

Sell signal 

  • The higher Bollinger Bands have been approached or crossed by the price.
  • Lower below the Yellow EMA, a Berish bar closes.
  • The upward-pointing MACD RSI Sell Arrow is shown above the price bar.
  • The upper channel of the Price Channel has been crossed downward by the Price Channel.

Exit position

Depending on the time frame, you can exit at the opposite arrow, the upper or lower bands, the middle band, or with a predetermined profit target. Any of these techniques, or even all of them, can be used to end deals.

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