This indicator starts by plotting each time the price action crosses above or below the EMA, of which you can tune the timeframe and duration. It then takes it a step further and plots whether or not that indicator would have given you a profitable trade, of which you can also tune the parameters (Max wait time, and % Profit). Once you have your EMA tuned to your liking, set up alerts to notify you of a golden opportunity.
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Deactivated real-time signals, to prevent un-painting signals and false alarms. Edited default settings.
Hi there, that is an amazing concept. Almost exactly what i was looking for but i was thinking of a 20 VWMA. It looks like this is for long only (correct me if im wrong please) So my idea was to plot 2 ema's with the same period but one is high and the other is low. Take long when price closes above high ema and take short when price closes below low ema.
It looks like this is for long only (correct me if im wrong please)
So my idea was to plot 2 ema's with the same period but one is high and the other is low. Take long when price closes above high ema and take short when price closes below low ema.