SETTINGS OF PAYAPA: 1. MA 5 EXPONENTIAL your own colour.
2. MA 8 EXPONENTIAL your own colour.
3. MA 200 EXPONENTIAL your own colour.
4. MA 13 EXPONENTIAL your own colour.
5. MA 21 EXPONENTIAL your own colour.
RSI SETTINGS:
PERIOD - 1
LEVELS - 10 - 50 - 90.
Please practice in demo account first, good luck.
Okay when you get any strategy or setup you must understand the combination and how it detects market trend reversals.....
Okay with this strategy RSI and Moving averages are used to help us get signals for trend reversals
The reason they used RSI is to get the overbought and oversold momentum of the markert, so the strategy has 90 (strongly sell) ,50 (wait) and 10 (strongly buy)
So the moving averages will measure the markets momentum, so when all moving averages meet up and bend at level 90 we sell🛑provided we they all bend at strongly sell coz thts where the market is overbought
We buy🔵when all moving averages meet up at level 10 and they all bend,so thts whereh the market loses it's sell momentum and is oversold, so at this point we buy,provided they bend on strong buy. ...
The MA200 is used as support as resistance for when the market is at level 50 (wait) so you can either sell or buy as the other moving averages bounce off on MA200
I know it's a bit lengthy but I hope you guys will understand, just apply the setup and look through your charts ,everything will be clear. It has to look like this when set correctly
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