You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
trend strength
hi all,
i just added this indicator to illustrate the strength of the trend.
3 emas 14,34 and 50 and the indicator measure the position of the fastest compared with the other 2.
i am using it this way:
price closing above SMA20 (middle bollinger line) and trendstrength is green
go long exit when trend strength changes color.
opposite for going short.
hi all,
i just added this indicator to illustrate the strength of the trend.
3 emas 14,34 and 50 and the indicator measure the position of the fastest compared with the other 2.
i am using it this way:
price closing above SMA20 (middle bollinger line) and trendstrength is green
go long exit when trend strength changes color.
opposite for going short.Nnjeim, this looks really nice. I have 2 questions:
1--Does this indicator repaint? I hope you know what that means, I am asking if the indicator changes the color of a bar AFTER that bar has closed?
2--When would you re-enter the trade? I notice that often after bar changes color you could re-enter the trend.
Thank you for this.
Correct me if I'm wrong, but isn't MACD just a one ema subtracted by another? Why would you use MACD then if you already have EMA's? All MACD does is display the difference and a SMA of the difference. Also TrendStrength is just a variation of MACD.
And see where your thread is going - you wanted a simple trading system with few indicators, but the post just gets new and new indicators added
indicator
yes this indicator is a variation of macd. macd after all is a comparaison between 3 emas. this indicator takes into calculation the values (14,34 and 50)
that i adopted. in adition to the macd this indicator illustrates the strength of the trend.
Green and >0 ----> bullish trend development
Red and >0 -----> bullish trend is getting weak and possible trend change
opposite is valid for bearish signals.
It is possible to enter a trade when bar shift again to green for instance after a red series of bars. ( opposite is valid for bearish signals)
the indicator does not repaint since it is simply averaging emas.
cheers,