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Double CCI and RSIOMA – RSIOMA Forex System

RSIOMA Trading Strategy

RSIOMA is the abbreviation for Relative Strength index (RSI) of moving averages (MA). This custom built indicator is based on calculating the relative strength of two moving averages and the smoothes out the RSI using a moving average. Combined, the RSIOMA oscillator depicts trend changes in prices relative to the time frame. The RSIOMA can be used as a signal generator by itself. In the chart below, the RSIOMA is applied with the default settings. The thick blue line is the RSI of the moving averages, while the thin line is the moving average of the RSI.

Characteristics of RSIOMA Trading Strategy

Platform: Metatrader4
Currency pairs: EUR/USD, Aud/USD, GBP/USD
Trading Time: Round the Clock
Timeframe: 1M and 5M.
Recommended broker: Liteforex

Rules of trade by RSIOMA Trading Strategy

BUY :

  1. The arrow is given a buy signal
  2. cci green
  3. heiken ashi green
  4. rsioma higher than 65

SELL :

  1. The arrow is given a sell signal
  2. cci red
  3. heiken ashi red
  4. rsioma less than 45

 

In the archive RSIOMA_Trading_Strategy.zip:

  • Double cci & rsioma.tpl
  • #SpudFibo.ex4
  • 2MA Crossover.mq4
  • DoublecciWoody.mq4
  • Heiken_Ashi_Exit.ex4
  • RSIOMA_v2.mq4

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