Okay with this strategy RSI and Moving
averages are used to help us get signals for
trend reversals
The reason they used RSI is to get the
overbought and oversold momentum of the
markert, so the strategy has 90 (strongly
sell) 50 (wait) and 10 (strongly buy)
So the moving averages will measure the
markets momentum, so when all moving
averages meet up and bend at level 90
we sell@ provided we they all bend at
strongly sell coz thts where the market is
overbought
We buy@when all moving averages meet
up at level 10 and they all bend,so thts
where the market loses it's sell momentum
and is oversold, so at this point we
buy,provided they bend on strong buy. ...
The MA200 is used as support as
resistance for when the market is at level
50 (wait) so you can either sell or buy as
the other moving averages bounce off on y
MA200| know it's a bit lengthy but | hope you guys
will understand, just apply the setup and
look through your charts ,everything will be
clear
SETTINGS OF PAYAPA:
1. MA 5 EXPONENTIAL your own colour.
2. MA 8 EXPONENTIAL your own colour.
3. MA 200 EXPONENTIAL your own colour.
4. MA 13 EXPONENTIAL your own colour.
5. MA 21 EXPONENTIAL your own colour.
RSI SETTINGS:
PERIOD - 1
LEVELS - 10 - 50-90.
Please practice in demo account first, good
luck.
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