DRI - Chart Link - this is one way I like
to use the MA ribbon for longs
You need the ribbon to expand on a nice move, then when price
pulls back and the MA ribbon pinches, many times you have a good
buy if at the same time a 10 length stochastic is also oversold
like you see here.
this setup is fractal and works on any time frame as well daily,
60 min, 5 min etc
DRI educational MA ribbon and 10 Stochastic
Posted by matt on 5th of Feb 2019 at 03:33 pm
DRI - Chart Link - this is one way I like to use the MA ribbon for longs
You need the ribbon to expand on a nice move, then when price pulls back and the MA ribbon pinches, many times you have a good buy if at the same time a 10 length stochastic is also oversold like you see here.
this setup is fractal and works on any time frame as well daily, 60 min, 5 min etc
Matt, is there anyway to
Posted by rmoore100 on 5th of Feb 2019 at 03:36 pm
Matt, is there anyway to develop a stockcharts scan to locate these setups ? Thanks !!!!!