715# Strength of Momentum
RSI TC NEW filter
Submit by Nico 09/11/2011
Strength of momentum this trading system do not repaint. This strategy fx is based on RSI advanced indicators and CCI advanced. The combination of these indicators represent a complex but efficient system of filters for trend or trend momentum arrows. This is potenza FX.
Time frame 15 min or higher
Financial markets any.
Metatrader indicators for this template, that i share for your gain:
Asc trend, the use of this indicator is only as an example, you can use other indicators of trends or momentum trend.
Buy-Sell (price action support and resistance only for visual),
CCI NRP advanced alert MTF ( CCI period 14, price 5, OS 100, OB -100, this indicator is based on CCI Stochastic.
RSI smoothed advanced (period 14, level up 10, level down -10, smooth 5,
RSI TC NEW (21, buy level 50, sell level 50, this indicator is also used in many strategies for binary options high/low).
Trading rules Strength of Momentum
Asctrend buy arrow
Buy-Sell alerts blue dots.
CCI NRP advanced alert MTF aqua line.
RSI smoothed advanced aqua line.
RSI TC New green line.
Asctrend sell arrow
Buy-Sell alerts red dots.
CCI NRP advanced alert MTF red line.
RSI smoothed advanced red line.
RSI TC New red line.
Exit positio with ratio 1.18-1.3 stop loss.
Place initial stop loss on the previouis swing.
In the pictures Strength of Momentum