QQQ is showing Long signal on RSI of MACD and RSI of VWAP strategies.
when it shows on more than one strategy , it is strong signal.
Yellow color on the chart is from RSIofVWAP , blue color on the bottom chart is RSIofMACD.
RSI of VWAP has been published for Long side entries only. However, it can be used to short the equity. below are the details ...
1. Add VWAP to your chart
2. Add RSI (period 14) (set oversold line to 25 and overbought line to 70)
3. change the source of RSI to VWAP
when the VWAP crosses down to Oversold line at 25 , take the short...