This “StepMA RSI Channel Short Term Swing Trading” is a simple strategy based on the Moving Averages and RSI Channel indicator.
This is a Short Term Swing Trading strategy but with a quick profit goal.
- Time Frame: H1 or higher
- Financial Markets: any
- RSI Channel Alert Arrows
- MA Buzzer
- RSI Channel (the yellow line above the green line)
- MA Buzzer green color
- StepMA green color
- RSI Channel (the yellow line below the green line)
- MA Buzzer red color
- StepMA red color
The RSI is often used in conjunction with trend lines, as trendline support or resistance often coincides with support or resistance levels in the RSI reading.
In this system, we use MA Buzzer and StepMA as “dynamic” trendline support or resistance tool.