NewTrend Oscillator vs RSI-14

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Hercs
2957
Hercs  

Attached is an Hourly chart of yesterday's trade comparing the entries generated by Igorad's "NewTrend" (excellent imho) and the RSI-14 with overlays as in my previous post.

Note the early indication that the direction is LONG when the 2 MVAs crossed.

Here is the BULL-market profile and notice that the RSI hit the O/B level @ 80%. Also, note the EXIT.

NewTrend gave an earlier EXIT.

The WHITE-line is a 25-EMA (close) based on Nina's strategy where he uses a 50-EMA on the 30-m chart. Note how the 25-EMA keeps you in when it matters most. (13th March 05:00 White candle) Since then it was LONG all the way.

fred
321
fred  

Hi

Where do you get this NewTrend Oscillator?

Hercs
2957
Hercs  

NewTrend.mq4

fred:
Hi Where do you get this NewTrend Oscillator?

Right here, Fred.

Files:
newtrend.mq4 4 kb
fred
321
fred  

Thanks Valio.

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