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Hello to everyone.
I would like a custom indicator based on 2 indicators; Stochastic & RSI, where eight (8) conditions need to be met in strict sequence in order for the trade signal to show on the chart. The system relies on three time frames; M10, M5, M2 (if possible).
Conditions 1 to 4 (M10 Time frame) - See image below showing example
- RSI falls below 20% oversold and candle closes.
- Stochastic negative line (%D) falls below 25% oversold level and candle closes.
- Stochastic positive line (%K) then crosses over the negative line (%D)
- Stochastic positive line (%K) closes above the 25% oversold line and closes above it.
Conditions 5 to 8 (M5 & M2 Time frames) - Remaining details will be provided to chosen applicant
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