Triple EMA Trend Reversal Indicator - Your expertise needed! - page 2
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Hi guys,
I need two very simple EMA indicators that has been working very well for the backtesting. Although there're false signals but it is very minimal especially on 4-H and daily chart.
Ok here's how:
I've three EMAs shown on a chart; 4-EMA, 9-EMA and 18-EMA. This set of EMAs I've read it from a book found in the early 90s. It mentioned that this set of EMAs is very effective. As I did take a look at past results on the 3 EMAs, I realized it is very true. The main move is when the 4-EMA crossover 9-EMA, and the signal buy or sell will trigger.
Two proposed simple indicators:
Faster signal but slightly riskier
4-EMA moves below 9-EMA would trigger a sell, while 4-EMA moves above the 9-EMA would trigger a buy.
Much safer and accurate signal
4-EMA cross below 9-EMA would trigger a "Standby Signal", when both 4-EMA and 9-EMA cross below the 18-EMA, it will recommend "SELL". The reverse is the same.
Both work well on the 4-H chart as far back as 2003 because the majors are usually fast trending-within-range markets so there're many reversals.
Hope some of you can help! It's useful for sure if discipline and careful SL is implemented.
Comments are welcome.You are quite right, I use similar ema as shown in the piccy.
I like to use the MA in Color indy for the EMA 4 (I tend to use 5,9 but will try 18 as well) showing Lime color up move and red color down move.
enc indy plus chart
thanx for the info
Xard777
Need triple ema crossover indicator
Hello I can't seem to find a simple triple ema crossover alert indicator with arrows on price chart
anybody have??
Hello I can't seem to find a simple triple ema crossover alert indicator with arrows on price chart
justin7
Check out this one : https://www.mql5.com/en/forum/general
hi,
i already posted similar system based on the ema14, ema34 and ema50.
i coded 2 indicators for this.
1- 3ema signal v0.1 showing a buy or sell signal when the 3 emas are in order.
2- trendstrength measuring the gap between the three.
hope those indicators fullfill your needs.hmm...checked over the past to be sure everything was in order.. the 3ema signals appears to have missed a downtrend crossover here
justin7 Check out this one : https://www.mql5.com/en/forum/general
mladen can it be adjust slightly please so that it only has arrow once a complete crossover is created with all 3 lined up fastest ma on closest side to price medium in middle slow farthest away
Regards, J
mladen can it be adjust slightly please so that it only has arrow once a complete crossover is created with all 3 lined up fastest ma on closest side to price medium in middle slow farthest away
Something like that was posted here : https://www.mql5.com/en/forum/general