_MadroGoldenFilter - Indicator for MetaTrader 4

This indicator was developed based on two popular technical analysis tools RSI and EMA (exponential moving averages). The default periods EMA: 5, 9, 5, and 30.

When working with indicator MadroGoldenFilter to search for trading signals, you can use one of four strategies:

1. Broken trends - trading signals provide the following conditions:

Buy:

• downtrend;
• ЕМА30 crosses ЕМА9 from the bottom;
• the indicator is above the level of 100.

Sell:

• uptrend;
• ЕМА30 crosses ЕМА9 from the top;
• The indicator is below the level of 100.

2. Golden trend

Buy:

• downtrend;
• ЕМА5 crosses SMMA15 from the bottom;
• DeMarker > 0,5;
• Index is above

Sell:

• uptrend;
• ЕМА5 crosses SMMA15 from the top;
• DeMarker < 0,5;
• Index is below 0.

3. Golden Cross

Buy:

• ЕМА5 crosses ЕМА15 from the bottom;
• RSI > 50.

Sell:

• ЕМА5 crosses ЕМА15 from the top;
• RSI < 50.

4. Golden lines

A signal to buy or sell is generated when the indicator line crosses significant levels of support or resistance. A trader has to enter the market after obtaining 3 consecutive signals.