QQQQ trade Chart setup:
1. 5-minutes Candlestick chart
2. Bollinger Bands (Close, 20, 2)
3. EMA (Close, 5/10/50/100/200, 0)
4. Parabolic SAR (0.02,0.02,0.2)
5. Stochastic (14,3,3)
6. MACD (Close, 12,26,9)
7. MFI(14)
8. RSI(14)
9. StochRSI(14)
10.William's %R
BUY Signal:
Diff in of MACD greater than the previous, and both of MACD and Signal lines are negative; And
%K crosses above 20 line, OR, %K above %D almost parallel up approaching 20 line; And
Both RSI and MFI in less than 55 level, and in uptrend; And
Either RSI crosses above 30 or MFI crosses above 35 in near pervious sessions; And
Williams %R crosses above -90 in previous session; And not over -10; And
stochRSI crosses above 0.20 in previous sessions; And not over .90; And
The short signal almost touches the price bar.
SELL Signal:
(
Show bearish reversal in candlestick; And
K% and D% are above 80 level, crosses over preferred; And
MACD crosses signal line preferred (short signal); And
Both RSI and MFI in greater than 65 level; And
stochRSI above .90; And
Williams %R above -10;
) Or Parabolic SAR support level almost touches the price bar.
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