MMR – MA, RSI and MACD – MT4 Indicator
MMR creates a strategy based on MA crossover with RSI and MACD confirmation. Moving averages smooth the price data to form a trend following indicator. RSI helps to see past the raw price action and quantify the strength of a price move. MACD incorporates aspects of both momentum and trend in one indicator.
MMR is suitable for all currency pairs. Short-term time frames such as 30m and 15m are recommended.
How To Trade With MMR:
Buy Signal: When MMR bar turns to green. You can place your stop-loss 2-3 pips below the low of previous candle.
Sell Signal: When MMR bar turns to red. You can place your stop-loss 2-3 pips above the high of previous candle.