MACD-RSI indicator - oscillator
About the appointment of MACD-RSI indicator You can guess from its name. This indicator is nothing more than a RSI indicator superimposed on the MACD indicator. These oscillators alone give good trading signals, so they are used in a large number of strategies, and in combination they display even more clearly the divergence, as well as price reversals at low time periods (M1, M5, M15).
An excellent signal is the crossing of the red MACD signal line and the blue RSI line.
The MACD-RSI indicator parameters combine all the values necessary for work: the first three are standard MACD parameters, the remaining two are values for tuning RSI by MACD data.
Commentary from ForTrader.org: и MACD indicator, and RSI - have long gained the attention of traders around the world. Not surprisingly, their combination in the MACD-RSI indicator is also of interest to speculators and works well in the market.