This script attempts to use Exponential Moving averages (short-term and long-term convergence) of different lengths in order to identify trade entries and exits for bullish & bearish trades. I would strongly recommend using it on Bank nifty , Nifty 50 . You use this script by entering a trade when it signals a green CALL signal with a UP label and exiting when it signals red put signal. The general idea is that one is fast and one is slow-moving EMA and these indicate when to buy/sell when they crossover the overbought/sold lines. It also provides a vertical line with green and red color , when short ema is over it shows green vertical line and when short ema is below it provides red vertical line.
Best for bank nifty on 15 mins chart
เอกสารเผยแพร่
⋅
If you don't understand when to exit we have added crosses on chart. Plus now you can identify the trends with the help of Heikin ashi candle shown with the normal chart. Also wrong signals given have been fixed. Now it seems best to trade on any charts and anytime frame Suggested time frame 2 hours char and 15 mins chart Works best with banknifty , forex and btcusd now.
เอกสารเผยแพร่
⋅
New update - Alerts added Best settings already given for 15 mins Now settings can be taken till 1 Take profit added with SMI calculations.
To use this updated chart , remove and re add the indicator.
How can I use your 2 indicator mentioned in Video?
hormuzdengineer
⋅
@apextechnicals, hi i have been faced loss and making it better with brand new way and back test is being successful, i will let you know once its profitable for me.
TradingPro3000
⋅
Hi @hormuzdengineer, thank you for this good indicator. The alerts dialog indicates it repaints, any idea why it gives that warning? Also, could you perhaps add alerts for put and call? Thanks again.
librox
⋅
Could you please add sensex and midcpnifty & finnifty as well
hormuzdengineer
⋅
@librox, now you can use it , new update given with major changes and also best settings given for 15 mins already