This going a long term bearish Pole as Week trendline break
First of all, I want to introduce my indicator to you all.
EMA_MUSIC_STAVE_BY_COWBEARCAR
which use EMA 7 20 38 62 100 to make music stave/staff on view.
I am poor in music and English, but I think other good at it and know WHEN to beat.
General speaking, moving average is slow and only give you advice on trend going and
the support/resistance point when correction occurs,
Well, This MUSIC_STAVE is totally revolution on moving average,
It touch more and more High/Low even it is far from moving average.
I use 3 calculated lines, may be you can get the idea to find better.
By formula 2H-L, we get (2*EMA4 - EMA10) (2*EMA7 - EMA20) (2*EMA7 -EMA38)
You find the calculated line always catch each candle High/low.
Why I use MUSIC_STAVE instead of GMMA?
I try to make each height of STAVE even, and you can simple use ruler to measure.
EMA7 is one of the best MA from others, it always give the best entry point for you.
When you look at the graph from Jul 2014 to Mar 2015 drop trend, you will love it at once.
The Week Chart trend line is broken though.
The re-bounce from Mar to Aug is very weak when compare with the previous drop.
The basic DMI tell you to bear, DI- and DI+ reverse their position.
Of cos, DMI is too lag and look for long term, it may strong drop trend from previous wave/pole copy.
EMA_MUSIC_STAVE_BY_COWBEARCAR
which use EMA 7 20 38 62 100 to make music stave/staff on view.
I am poor in music and English, but I think other good at it and know WHEN to beat.
General speaking, moving average is slow and only give you advice on trend going and
the support/resistance point when correction occurs,
Well, This MUSIC_STAVE is totally revolution on moving average,
It touch more and more High/Low even it is far from moving average.
I use 3 calculated lines, may be you can get the idea to find better.
By formula 2H-L, we get (2*EMA4 - EMA10) (2*EMA7 - EMA20) (2*EMA7 -EMA38)
You find the calculated line always catch each candle High/low.
Why I use MUSIC_STAVE instead of GMMA?
I try to make each height of STAVE even, and you can simple use ruler to measure.
EMA7 is one of the best MA from others, it always give the best entry point for you.
When you look at the graph from Jul 2014 to Mar 2015 drop trend, you will love it at once.
The Week Chart trend line is broken though.
The re-bounce from Mar to Aug is very weak when compare with the previous drop.
The basic DMI tell you to bear, DI- and DI+ reverse their position.
Of cos, DMI is too lag and look for long term, it may strong drop trend from previous wave/pole copy.
