MACD RSI combines momentum from the Moving Average Convergence Divergence with overbought/oversold readings from RSI.
When both indicators align, the probability of a sustained move increases.
The strategy enters long when MACD crosses up and RSI rises from oversold, or sells short when MACD crosses down with RSI falling from overbought.
Stops based on a percentage of price help contain losses if the indicators diverge after entry.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Trend following
Direction: Both
Indicators: MACD, RSI
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium