short setting. False signals can occur, but the positives are consistent enough to give a forex trader an “edge”. Skill in interpreting and understanding EMA alerts must be developed over time. Complementing the EMA tool with another indicator is always recommended to confirm potential trend ...
When you trail your stop loss, you don’t want to set your stop loss too tight because there could be just a spike due to market volatility and it gets stopped out. One way to go about it is to use the volatility of the market to trail your stop loss. What you can do is that ...
There have been many great men in history. Many of them were very poor in childhood, and had no uncles, aunts or friends to help them. Schools were few and not very good. They could not depend on them for education. They saw how it was, and set to work with their strength to kno...
In the settings above, it has been customised to quickly tell the trader where each of the different timeframes (Weekly, Daily, H4, H1, M30, M15, M5 and M1) are trading relative to a specific indicator. In this instance, they are: EMA - Exponential Moving Averages MACD - Moving Average...
You want the period set to either 8 or 21, depending on which EMA you are putting in at the time, then the “MA method” should be Exponential and “Apply to” close. You can pick whatever colors make you feel happy, just make sure the colors of the 8 and 21 contrast nice...
indicate strong interest and potential price movement, while low volume might suggest a lack of interest or uncertainty in the market. In the example below, taken from Bybit, the trading volume is illustrated at the bottom of the graph, with an accurate volume indicator to the left of the ...
Such a comprehensive description will help the developer to better understand the idea of your order. Formulating the Requirements Specification as an algorithm Every indicator reflects an idea. Therefore, first you need to describe the idea, in words and pictures, if possible. If the idea is ...
Thus, we already have a block for calculating the stop loss level - this is the Parabolic SAR indicator. This means that it is only necessary to make a block of shifting StopLoss levels of positions selected by the current symbol and EA ID (Magic Number). If the magic value is set to...
The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment such as a stock or a commodity over time. Like the simple moving average (SMA), the EMA tracks price trends over time. But the EMA is a weighted moving average that...
There are several calculations involved in the creation of the total (MACD) indicator, all involving the use of exponential moving averages. An EMA is calculated as follows:1 Calculate thesimple moving average (SMA)for the chosen number of time periods. (The EMA uses an SM...