160# EMA Cloud With StochRSI

Submit Alexander

EMA Cloud With StochRSI is a classic win strategy based on ema cloud and StochRSI indicators. The signals generated by the stochastic RSI are taken only in trend, i.e. in the direction of the trend defined by the cloud ema.

The strategy is built with custom indicators for TradingView.

Setup Strategy

Time frame 5 minutes or higher.

Currency pairs: any, Indices, Gold,Oil, Shares. This strategy is great for 5 minute time frame scalping on major shares.

Platform: Trading View

Indicator

21/ 55 EMA Cloud default setting. Lines are turned off by default leaving only a filled in area between the 21 and 55 bar averages. The filled in area is green when the 21 bar average is greater than the 55 and red otherwis EMA ribbon e. Additionally, the 9, 100, and 200 exponential moving averages are available for reference.

StochasticRSI default setting.

Trading rules EMA Cloud With StochRSI

Trades only in the direction of the trend. The direction of the trend is defined by the EMa Cloud. If the price is lower than the red band, the trend is down.
If the price is higher than the green band, the trend is up.

Buy

The price bar is above the green band.
StocRSI buy signal.

Sell

The price bar is below the red band.
StocRSI sell signal.

Exit position

Place initial stop loss at the previous swing high/low.

Profit Target ratio stop loss 1.1.5 , on support resistance leveles or athe opposite signal.

In the pictures examples of trades.