To The Moon's Apollo 11 program Stochastic RSI for leverage trading, scalping, or even trend trading with proper knowledge and settings.
Basic idea:
The indicator's histogram is the "K" Stochastic RSI signal from a higher time frame you define (1hr default) for overall trend indication. The Current time frame's K & D signals are shown as the solid lines. When the current time frame's K & D cross or lift off from the highest or lowest threshold, enter or exit a position; if leverage trading you can pyramid, or reverse your position. It may take a bit of time to get a feel for the proper entry & exit signals and is not a crystal ball, but this can help keep your trades in a trend longer for greater profits.
Basic idea:
The indicator's histogram is the "K" Stochastic RSI signal from a higher time frame you define (1hr default) for overall trend indication. The Current time frame's K & D signals are shown as the solid lines. When the current time frame's K & D cross or lift off from the highest or lowest threshold, enter or exit a position; if leverage trading you can pyramid, or reverse your position. It may take a bit of time to get a feel for the proper entry & exit signals and is not a crystal ball, but this can help keep your trades in a trend longer for greater profits.
Notes de version:
- Error found in MTF output and corrected
Default values changed