EMA Pressure
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Hi,
I'm always use EMA 50 as my major guideline for my entry and TP.
EMA 50 can be temporary support & resistance. I'm using M1 chart to enter position and see how much the different current price from EMA 50 on M5 chart as my first target and M15 as next target.
Can someone help me to do simple indicator to calculate the exact pips for current price different from EMA 50 for M5, M15, M30 & H1 chart. + pips if current price above EMA and - pips if current price below EMA.
Right now I'm studying to combined this reading to multiple timeframe. Since MA is a lagging indicator or trend indicator, I can see a posibility to verify once reversal pattern is happen. Please let me make a further test before I can share my theory with all U guys.
Thanks.