SuperEmaColorRSI

22/10/2025
Desktop
Sejak 30/09/2024
Jualan
35

This is a super indicator that integrates the RSI indicator with a dual moving average system. RSI intensity is represented by four colors: red (>70) > orange (>50) > yellow (>30) > green. The dual moving averages use EMA with default parameters set at 48/144, which can be customized according to your needs.
How to use:
When used in conjunction with multiple time frames (e.g., 4H→15M; 1H→5M, illustrated here using 4H→15M as an example):
- Trend identification via dual EMAs (4H timeframe):
- Upward trend: 48EMA above 144EMA.
- Downward trend: 48EMA below 144EMA.
- Range-bound consolidation: The two EMAs are entangled.
- Entry/exit points on 15M timeframe:
- Buy setup (uptrend):
- Price retraces to the 48EMA on the 4H chart.
- Switch to 15M: Enter when price breaks above the 15M consolidation range.
- Stop loss: Set at the recent swing high +10 pips .
- Sell setup (downtrend):
- Price retraces to the 48EMA on the 4H chart.
- Switch to 15M: Enter when price breaks below the 15M consolidation range.
- Stop loss: Set at the recent swing low –10 pips .
- Price divergence signals:
- Bearish divergence (top):
- Price makes a new high (on pullback), but the RSI color shifts from red (RSI >70) to orange (RSI >50) .
- Bullish divergence (bottom):
- Price makes a new low (on pullback), but the RSI color shifts from green (RSI ≤30) to yellow (RSI ≤50) .
Risk Warning:
No indicator suits all market conditions. Test this strategy thoroughly in a demo environment before applying it to live trading. Improper use may lead to significant losses.
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