Welcome back, fellow traders! Today, we're diving into an incredibly useful tool for enhancing our trading strategies—the MadroGoldenFilter. This indicator provides four distinct signals to help us filter through our trades effectively. Let’s break it down!
1. **Broken Trend**
- Buy Signals:
- 1. Breaking the Downtrend.
- 2. EMA9 crosses above EMA30.
- 3. Momentum value is greater than 100.
- Sell Signals:
- 1. Breaking the Uptrend.
- 2. EMA9 crosses below EMA30.
- 3. Momentum value is less than 100.
The lower part of this indicator shows momentum, and the arrows indicate the crossing of two moving averages.
2. **Golden Trend**
- Buy Signals:
- 1. Breaking the Downtrend.
- 2. EMA5 crosses above SMMA15 (Smooth Moving Average).
- 3. DeMarker value is greater than 0.5 and Force Index is greater than 0.
- Sell Signals:
- 1. Breaking the Uptrend.
- 2. EMA5 crosses below SMMA15.
- 3. DeMarker value is less than 0.5 and Force Index is less than 0.
The middle section of the indicator gives us the critical signal, with arrows showing the crossing of the two moving averages.
3. **Golden Cross**
- Buy Signals:
- 1. EMA5 crosses above EMA15.
- 2. RSI value is greater than 50, with MACD crossing up and ADX crossing up.
- Sell Signals:
- 1. EMA5 crosses below EMA15.
- 2. RSI value is less than 50, with MACD crossing down and ADX crossing down.
This section provides crucial signals, with arrows pointing to the moving average crossings.
4. **Golden Lines**
When the price breaks through a strong support or resistance level, we can get a solid confirming signal for a Buy or Sell by analyzing the three signals from the indicator.
In conclusion, the MadroGoldenFilter is a powerful ally in your trading toolkit. By using these signals effectively, you can improve your decision-making and potentially boost your trading success. Happy trading!
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