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Flavio Carneiro De Barros
Published product
EMA Clock reads the slope of an exponential moving average as the hour hand of a clock. How it works The slope of the EMA over a chosen number of bars is normalized by the ATR, converted into an angle and then into a clock hour: - 12:00 - the average is rising steeply (hand pointing up) - 15:00 - the average is flat (hand pointing right) - 18:00 - the average is falling steeply (hand pointing down) Each hour equals 30 degrees. Normalizing by the ATR keeps the reading comparable across symbols