This is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- LONG EXIT when certain stoch RSI conditions are met
- LONG STOP when price moves x% below entry (default 10%)
- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- SHORT EXIT when certain stoch RSI conditions are met
- SHORT STOP when price moves x% above entry (default 10%)
In testing it it performed best on daily chart with a 14 days Lookback window and 10% stop loss
NOTE that a signal is only definitive once the trigger candle has closed
To setup an alert with GoombX, follow these steps:
- Set up GoombX on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (LONG ENTRY, LONG STOP,....)
- Under Options, choose "Once per bar close"
- Create