There is no magic in moving averages but they can be used to form the basis of a simple trading strategy that works.
For some reason, Forex traders especially enjoy these types of strategies. You can develop many trading systems using averages but remember that complex trading strategies are not always best.
As I mentioned, the 3 EMA’s will have different lengths and they will be:
The 55 EMA will be considered the longer term trend direction indicator:
The 21 EMA is considered a medium term trend indicator:
The 9 period will be seen crossing over and under the 21 period more times than crossing the 55:
Draws Pivot Points Level Lines for formula's Floor,Fibonacci,Camarilla,WoodieStoch RSI MT5
The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions.
Reflex and Trendflex was created by John Ehlers ("Stocks & Commodities Feb. 2020 (6-8)").strategy - behavioral design pattern
define a family of algorithms, encapsulate each one, and make them interchangeable. strategy lets the algorithm vary independently from clients that use it