Nial Fuller’s Three Oscillators
Last updated
Last updated
Indicators:
(8) with levels: 30, 50, 70
(14) with levels: 30, 50, 70
(19) with levels: 30, 50, 70
(9)
Key conditions:
The timeframe for analysis and control is between H4 and W1. For D1 charts, signals are considered at the daily closing price; for W1 charts, signals are based on Friday’s closing price. The Stop Loss is set 10 to 20 points away from the SMA, with a trailing stop along the SMA line. Trades should remain open while the RSI remains above (for BUY) or below (for SELL) the level of 50. Avoid trading during speculative market conditions or periods of clear flat trends.
BUY conditions (all conditions must be met):
The previous period closes above the SMA (9).
The RSIs are aligned in the order 19-14-8 from bottom to top, with the RSI (19) (red line) above all.
Enter the BUY trade at the next bar after the RSIs intersect in the specified order.
SELL conditions (all conditions must be met):
The previous period closes below the SMA (9).
The RSIs are aligned in the order 19-14-8 from top to bottom, with the RSI (19) (red line) below all.
Enter the SELL trade at the next bar after the RSIs intersect in the specified order.
Exit criteria: Exit the trade when the Stop Loss is hit or at the occurrence of a reversal signal.
Open a chart with a timeframe of H4, D1, or W1. Apply the SMA indicator with a period of 9. Add three RSI indicators with periods of 8, 14, and 19, and set levels at 30, 50, and 70.
For a BUY trade, look for the previous period to close above the SMA (9) and ensure the RSIs are aligned in the order 19-14-8 from bottom to top, with RSI (19) at the top. Enter the trade on the next bar after the RSI lines intersect in the correct order. Set the Stop Loss 10 to 20 points below the SMA and trail it along the SMA line.
For a SELL trade, ensure the previous period closes below the SMA (9) and the RSIs are aligned in the order 19-14-8 from top to bottom, with RSI (19) at the bottom. Enter the trade on the next bar after the RSI lines intersect. Set the Stop Loss 10 to 20 points above the SMA and manage the trade similarly. Avoid trades during speculative or flat market conditions. Exit based on the specified conditions.
