Good Day traders,
It's funny enough, but sometimes, we can use something that old as Stochastic.
Not always, but works in certain conditions.
When a Fast MA is higher than Slow MA (KAMA presented), we are looking for buying opportunities, and vice-versa.
In this case, the entry points are made by Stochastic, the "K" line. Overbought - Selling point (if MA Confirms) and Oversold - Buying opportunity.
Play with properties, and you will be surprised :)
Not a VSA, but easy to program as well.
Take profit - it can be a cross of MA's, or support/resistant lines.
It's funny enough, but sometimes, we can use something that old as Stochastic.
Not always, but works in certain conditions.
When a Fast MA is higher than Slow MA (KAMA presented), we are looking for buying opportunities, and vice-versa.
In this case, the entry points are made by Stochastic, the "K" line. Overbought - Selling point (if MA Confirms) and Oversold - Buying opportunity.
Play with properties, and you will be surprised :)
Not a VSA, but easy to program as well.
Take profit - it can be a cross of MA's, or support/resistant lines.
