Stochastic Buy Sell with EMA Trend

Stochastic Buy Sell with EMA Trend is combination of two indicators only.

The Stochastic Oscillator ( STOCH ) is a range bound momentum oscillator. The Stochastic indicator is designed to display the location of the close compared to the high/low range over a user defined number of periods. Typically, the Stochastic Oscillator is used for three things; Identifying overbought and oversold levels, spotting divergences and also identifying bull and bear set ups or signals.

The Exponential Moving Average (EMA) is a specific type of moving average that points towards the importance of the most recent data and information from the market.

1) Stochastic - It is giving signal whenever cross happen in oversold or overbought zone.
2) EMA 200 - EMA 200 is used to identify market trend.

Long :
If stochastic giving buy signal and price is over 200 EMA.

Short :
If stochastic giving sell signal and price is below 200 EMA.