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- 29315
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- Published:
- 2011.12.06 06:49
- Updated:
- 2016.11.22 07:32
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Based on MACD.
Image:

In my opinion, Welles Wilder RSI (Relative Strength Index) is a great momentum oscillator that works fine for small periods values (from 2 to 20). So I did some changes to it performe as good for greater periods, like 120, introducing a gain variable.

This EA implements a trailing stop buy and a trailing stop sell. It places an order above the price and below the price. The sell stop order will fall with the price, the stop sell order will rise.

Opens sell, buy or both orders at a specified time.

The indicator is similar to Bollinger Bands (this same idea), but it uses GruchaAvarage instead of MA for counting.