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_MadroGoldenFilter - Indicator for MetaTrader 4

_MadroGoldenFilter
TypeIndicators PlatformMT4 Version10 Date created14 August 2015 Date updated18 August 2017
Formatmq4 Size6.1Kb Downloads271 Rating
3.6 of 5
based on 72 rates

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.
  1. 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.
  1. Golden Cross

Buy:

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

Sell:

  • ЕМА5 crosses ЕМА15 from the top;
  • RSI < 50.
  1. 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.

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