Ok been gone a few days
RSI works well to a degree but try this approach..its nothing new
use your 5min chart as normal but ignore RSI ( stop crying your grown men lols)
Open a 15min chart with same template,if you want remove the price bars...we want the inds
We get a normal short signal on the 5min..take a look at the 15min stoch was it over sold is it now going down..in my case was it green is it now heading down from OS
2 charts 1 is all the signals today so far..the 2nd is an example 5 and 15min time stamped at 9.30pm..the white +figures are the nornal 10 pip tp..the yellow is closing the 5min signal when the 15min stoch goes OS for the short OB for the long
In my futures trading software I could easily write a scan to look at the 15min whilst on the 5 min..it would give me a green bar on the bottom of my chart..if green go with 5min sig if red leave easy peasy lemon squeezy
Paulus
RSI works well to a degree but try this approach..its nothing new
use your 5min chart as normal but ignore RSI ( stop crying your grown men lols)
Open a 15min chart with same template,if you want remove the price bars...we want the inds
We get a normal short signal on the 5min..take a look at the 15min stoch was it over sold is it now going down..in my case was it green is it now heading down from OS
2 charts 1 is all the signals today so far..the 2nd is an example 5 and 15min time stamped at 9.30pm..the white +figures are the nornal 10 pip tp..the yellow is closing the 5min signal when the 15min stoch goes OS for the short OB for the long
In my futures trading software I could easily write a scan to look at the 15min whilst on the 5 min..it would give me a green bar on the bottom of my chart..if green go with 5min sig if red leave easy peasy lemon squeezy
Paulus