3309 Drysdale Ct
Edwardsville, IL 62025
SPY/UDN Weekly Chart
- someone showed me this a year ago. I have been following it
and have decided I like it. It's very simple: buy signal when the
ema(1) crosses above the ema(3) and vice versa. There are some
whipsaws, but on the whole it's pretty clean. He said he's tried it
on other time frames, but the weekly worked best. I have only used
More noodles. Thanks for sharing that idea! I tweaked it a bit.
Hope the chart is viewable...........
I used a smoother version of the SPY/UDN weekly close price
(not displayed) as: ZL = 2*FAVG8 - AVG8
That's 2 times a weighted average of 8 and subtracted an
1. I don't know if this can be done in Stockcharts. I used
2. It's just an indicator, not a system.
3. It will not do well during a consolidation.
4. The bottom indicator shows when the smoothed RS line (ZL)
was > EXP3
Wow, I like that!
I agree insofar as I use it: not a system. I should have said
that. I have simply been monitoring it, and yes, use it as an
indicator. I do believe the fellow who shared it with me uses it as
part of a system, but he did not get into that.
I suggest with anything like that - during trending times use a
whipsaw confirmation filter to filter out the noise - then don't
use it to confirm a new entry after a zig zag abc pullback has
thanks for sharing!
interesting- what is the spy/udn ? And do you monitor the
1 & 3 Ema exclusively for that symbol ?
Udon is a very nice Japanese soup that I highly recommend. UDN
is a dollar index bearish fund. Yes, I have not experimented beyond
the parameters given to me - the 1 and 3 ema crosses
Very funny -I’ll have to try the soup and work on my fat
fingers - but thx for the explanation :)
In reality I believe that Udon is actually the noodle.
Love the noodles and the soup made with them
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