50EMA + 52RSI Day Trade
Based on the great day trading video by @TrueCrypto28 (https://www.youtube.com/watch?v=DCJgFooI2s4), this indicator is perfect for trading on Binance. Have tweaked it so it is based on the 50EMA instead of SuperTrend.
Default settings
Long signal will be given when RSI is above 52 on the hourly chart to confirm a higher timeframe bullish bias as well as price closing above the 50EMA on the 5 minute chart. High + Low + Close / 3 has been used to smooth signals.
Trade will be closed when price either closes below the 50EMA on the 5 minute or RSI drops above 52 on the hourly.
Colour coded candles included for ease of trading. Green = all signals met to buy. Red = sell.
Can change inputs to suite your style.
Default settings
Long signal will be given when RSI is above 52 on the hourly chart to confirm a higher timeframe bullish bias as well as price closing above the 50EMA on the 5 minute chart. High + Low + Close / 3 has been used to smooth signals.
Trade will be closed when price either closes below the 50EMA on the 5 minute or RSI drops above 52 on the hourly.
Colour coded candles included for ease of trading. Green = all signals met to buy. Red = sell.
Can change inputs to suite your style.