the RSI and MACD blocks are growing in strength to provide new features that are highly prized in the trading world. Thanks to the RSI and Dual MACD crossover, you will be able to multiply your strategy possibilities. Follow the explanations below for a correct configuration of these blocks.
RSI - RSI Crossover
With the advanced RSI options, Kryll.io allows you to detect the crossing between 2 RSI of different lengths in your strategies!
How to configure it?
As you can see, by checking the "RSI Crossover" box the block interface is modified and new options are available.
Duration 1: The duration or "length" of the first RSI.
Duration 2: The duration or "length" of the second RSI.
Trigger Type: This parameter has not changed, you can still choose between crossover or position.
Signal Type: This parameter will allow you to trigger the block if the RSI 1 (Length 1) crosses the RSI 2 (Length 2) above or below when the "cross" trigger is selected, if you have chosen the "position" trigger then you can choose whether the RSI 1 is above or below the RSI 2.
Note: The difference between crossbreeding is important! If you want the block to be triggered only once the RSI 1 is above the RSI 2, you will have to choose the "crossover" trigger because if you choose the "position" trigger the block will be validated as long as the RSI 1 is above the RSI 2.
Analysis period: This parameter is unchanged, it still allows you to choose the time unit on which your block will be fixed.
Tip
This option is often used as a crossover for MA (Moving Averages). Wait for the short RSI (the one with the shortest duration) to go above or below the long RSI. With this technique you will be able to identify trends or try to anticipate the oversell or overbuy of a long duration RSI. More reading about RSI crossover at this address
More reading about RSI crossover at this address
https://www.trendfollowingsystem.com/double-rsi-trading-system/
MACD - MACD Crossover
The MACD crossover option allows you to detect the crossover between two different MACDs. You can compare a MACD(12, 26, 9) with a MACD(24, 52, 9) for example. Furthermore you can compare not only the MACDs with each other, but also the "signal" lines from these MACD indicators.
How to configure it?
Once the box "MACD crossover" is checked, the new interface of the block is revealed to you. You can now compare the MACD1 indicator to another MACD2 indicator. (Of course, in the MACD parameters, you can configure your 2 indicators as you wish).
The operation remains the same as the main block, only now, instead of comparing only MACD to the line signal and to the zero line, you can compare the line you want from your MACD1 to the line you want from your MACD2.
Tip
Crossing MACDs also works like crossing AMs, you can use the crossing of a "short" MACD with a "long" MACD to define trends and also try to anticipate the position of a "long" MACD in order to take position on a trade before confirmation and thus be more reactive.
More reading about the MACD crossover at this address
https://www.forexmt4indicators.com/dual-macd-cross-forex-trading-strategy/
Try them now for free: https://platform.kryll.io
As usual, we strongly advise you to combine signals before taking a position in a strategy and to avoid using only one type of indicator.
Happy Trading!
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