RSI over MACD...

Can an EA be written to monitor when the RSI line crosses the MACD? I overlaid the RSI and the MACD and found that it gives an early indicator of a reversal and a nice early buy/sell indicator (used in conjunction with other indicators). But I would like to be able to create an alert or an automated buy/sell on this crossing, but can it be done?

it wont work because there is no fixed maximum or minimum on the MACD but there is on the RSI. the MACD 0 line can travel up or down in the window but the RSI 50 line stays exactly in the window. plus, MACD values are calculated in thousandths while RSI is calculated in percentages. if your looking at the previous hisory and seeing that it works well, it doesnt. it's just a coincidence. try it live and see how well it works.

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try it live and see how well it works.

Actually, I have been using this live for a little over a month now with very positive returns! But, like I said I use other indicators as well… this is simply an early reversal indicator. I just wanted to automate some of the process.

Usually, if you get the RSI (9) crossing over the MACD Line (not the Signal line or histogram) look at the Stochastic… usually it will be crossing (at least those are the ones we are interested in)!