Friday, December 25, 2009

Marketiva Indicator #2 (BB + RSI)

JAN29

 
Indicator Setup:
1. Bollinger Bands (Simple MA, Period 20, Multiple 2.0)
2. Relative Strength Index (RSI)

Buy Signal :
1. White Candlestick ABOVE Blue Bollinger Bands line AND the candlestick is moving up
2. RSI index ABOVE 50

Sell Signal :
1. Black Candlestick BELOW Blue Bollinger Bands line AND the candlestick moving down
2. RSI index BELOW 50

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