Topic: Please Anyone Help.
Is there anyone who could please program for me a custom indicator so that the fast line is above the slow line for stochastics?
I want to put together the following system, but the stochastics indicator does not have that option.
Anyway, for everones interest, my final system will be as follows:
[5 minute chart]
• 10 period WMA (Weighted Moving Average)
• 20 period SMA (Simple Moving Average)
• Slow Stochastic (10,6,6 (exponential))
• RSI (28)
• MACD (24/52/18 (exponential))
To signal a long trade "BUY" : MA1 > MA2, RSI > 50, MACD Fast > MACD Signal and Stochastic is signaling up (fast line above the slow line).
To signal a short trade "SELL" : MA1 < MA2, RSI < 50, MACD Fast < MACD Signal and Stochastic is signaling down (fast line below slow line).