EMA Cut | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Well, after much persuasion, I finally decided to put this simple but efficient strategy on threads... I've been avoiding this because it involves keeping a thread... I hope someone's life will be better for using this... Mine...
On the 5 minute chart, insert the following indicator with these settings
1. Exponential Moving Average [EMA]
Island EMA 200...applied to close...shift 0
ii EMA 55...Apply to CLOSE... Shift 0
iii EMA 25...applied to closing...transition 0
iv EMA 8....Apply to OPEN... Shift 0
v EMA 5........applied to off...shifted by 0
2. Relative Strength Index [RSI]
Period 13..applies to closing price....levels 20 and 80
Your chart should look like this
On the 5 minute chart, insert the following indicator with these settings
1. Exponential Moving Average [EMA]
Island EMA 200...applied to close...shift 0
ii EMA 55...Apply to CLOSE... Shift 0
iii EMA 25...applied to closing...transition 0
iv EMA 8....Apply to OPEN... Shift 0
v EMA 5........applied to off...shifted by 0
2. Relative Strength Index [RSI]
Period 13..applies to closing price....levels 20 and 80
Your chart should look like this
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