RSI Trend Lines Trading

RSI Trend Lines Trading is a trend momentum strategy based on RSI, MACD, Trend line on RSI and MA.

Time Frame 15 min or higher.

Currency pairs; majors.

Forex Indicators:

13 EMA, close,

21 EMA, close,

55 EMAA close,

MACD histogram (8, 21, 8),

RSI 21 period witj 50 level.

Trading Rules

Buy

Candle close above Mas,

MACD bar above zero line

RSI line above RSI Trend Line.

Exit when the RSI line breaks the Trend Line downward.

Sell

Candle close below Mas,

MACD bar below zero line

RSI line below RSI Trend Line.

Exit when the RSI line breaks the Trend Line upwardward.

How to Draw the RSI trend line

Connect at least two turn points of RSI value line .

Trades examples.