TonyUX EMA Scalper - Buy / SellThis is a simple scalping strategy that works for all time frames... I have only tested it on FOREX
It works by checking if the price is currently in an uptrend and if it crosses the 20 EMA.
If it crosses the 20 EMA and its in and uptrend it will post a BUY SIGNAL.
If it crosses the 20 EMA and its in and down it will post a SELL SIGNAL.
The red line is the highest close of the previous 8 bars --- This is resistance
The green line is the lowest close of the previous 8 bars -- This is support
Buy!!
Entry pointsThis great and simple indicator based on EMA generates information about entry points at close of the candle. First signal is the best entry point but you can re-enter at the next. IMPORTANT: this script does not generate exit signals and those shoud be find using money management rules or else. Perfectly catches long runs in trends at all underlayings (forex, stocks, indexes, commodities) at all timeframes. Period=100 works best independently on timeframe but I encourage you to try other. Lower period gives more incorrect signals and shorter runs, higher period gives you late entry and less. Ofcourse it gives false signals from time to time but fortunately it makes a correction very fast. Try it! Good luck and good traiding!
Patrick's Buy HistogramSet up a trailing stop at about 0. Look for the red dots.and that's a good point to enter a long trade.
Patrick's Buy/Sell HistogramSimply look for a 12 point long bar and that's a perfect time to buy the security
MAGNUS™A CHANGE of background color indicates a trade opportunity :
Cyan background = BUY
Purple background = SELL
The bullish signals seem to be better than the bearish ones.
Based on the "Willy" indicator.
Don't change the parameters unless you fully understand the consequences.
Use with brains and caution :)
