Condition: in uptrend, EMA8 > EMA144 (User can change the EMA# from input);
Price Action: (Price crossover EMA144) or (price touched EMA144 and close above it);
Trading Plan: Buy at close or next open; Initial Stop below EMA144;
No Exit strategy in this study, trader needs to move stop by other rules; such as, uptrend line break;
Back test Weekly and daily...
See the current trend strength of the market. An additional filter makes trend consolidation areas visible. The color changes there each bar back and forth between green and red.
This area was interesting. Would have been a better example:
If the filter is deactivated the indicator shows the last measured price trend...
The indicator is taken from Alexander Elders "Triple Screen System," minus using the Weekly MACD as a filter/trend. I believe waiting for the force index and the weekly MACD histogram to line-up is uber conservative and a trader will miss too many signals (In my opinion).
The indicator is for a pullback trader. A trader that waits for a trend to develop then...
This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price.
Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction...
A very noisy indicator to detect bottoms and new uptrends.
Original idea by ChartArt.
First published indicator - constructive criticism welcome.
(The indicator is experimental and doesn't work most of the time.)
I would describe it as an "coincident indicator". The signals occur at approximately the same time as the conditions it signifies. Rather than...