RSI and Moving Average indicator.

Each of the indicators for technical analysis has its own strengths and weaknesses; you always want to combine everything useful into one analysis tool.

An attempt to do this is a script called “Stalin”, it combines two such well-known indicators as Moving Average and RSI .

The “Stalin” indicator is a signal indicator, that is, it gives signals to open positions, and does this in several ways - with arrows on the chart, an email, or a sound signal.

Download the Moving Average and RSI indicator

It is difficult to assess the effectiveness of the presented tool, but as can be seen from the history of its work, in 70-80 percent it quite accurately determines the Forex trend on short- and medium-term time frames.

The indicator works according to a fairly simple scheme: Moving Average finds the most suitable entry points into the market, and the RSI indicator checks their accuracy.

Settings.

MAMethod – degree of smoothing of the moving average.
MAShift – average deviation.
sliding Fast – period of fast MA
Slow – period of slow MA
RSI – value of the period
Confirm – indicator of the confirmation coefficient.
SoundAlert – sound signal
EmailAlert – sending email messages to your email.

The trading strategy according to Stalin is quite simple, we open long positions with the up arrows, short positions with the down arrows. It is advisable not to hold the position for more than 1-2 hours.