Screen 01: Identify the weekly trend using the trend tracking indicator MACD to detect the main direction
Screen 02: Apply a stochastic oscillator on a daily chart.
Use declines on daily as part of weekly uptrend trends to find shopping opportunities Use rallies on daily as part of downtrends in weekly to find short-selling opportunities.
Screen 03: Use buying orders stops trolling when the weekly trend is bullish and the daily oscillator goes down.
Use the trolley technique when the weekly trend is bearish and the daily stochastic oscillator rises.
The stock indicator Elders Triple Screen displayed for each currency pairs, the direction of the trend determined for multiple indicators
- MACD
- Moving average exponential EMA
- Stochastic oscillator
