scooter- no one right or wrong answer there. Every trader
should develop his/her own systematic style and use whatever
indicators/settings they find works for their strategy and plan
that said: on daily charts, we use the 9 EMA (sometimes the 5
EMA as well for strong trends), the 20, 50, 200 SMA
on intra day charts I generally just use EMA's: 9, 20,
50.
on 1 min chart I like the 200 SMA
for the MA ribbons besides the BPT MA Deluxe I use (9, 20, 34,
50 EMA's) or (5, 11, 19, 28 EMA's for a tigher ribbon)
another pro tip - once you find or decide on some settings,
stick with it. Too many new traders are always change lengths of
their indicators, and looking for new ones, and you have to do that
initially to find something that you like, but eventually you need
to settle on something and stick with it, why? After looking
at 1000's of charts you get a 6th sense for how the indicators
behave and patterns that develop - you only learn this after
looking at 1000's of examples - after you have calbrated you eye
and noticed repeating patterns. If you are constantly changing
settings and inicators, this intuition never develops
I'm confused. How do you
Posted by scooter on 20th of Nov 2023 at 10:35 am
I'm confused. How do you decide when to use the SMA or EMA on charts?
scooter- no one right or
Posted by matt on 20th of Nov 2023 at 10:43 am
scooter- no one right or wrong answer there. Every trader should develop his/her own systematic style and use whatever indicators/settings they find works for their strategy and plan
that said: on daily charts, we use the 9 EMA (sometimes the 5 EMA as well for strong trends), the 20, 50, 200 SMA
on intra day charts I generally just use EMA's: 9, 20, 50.
on 1 min chart I like the 200 SMA
for the MA ribbons besides the BPT MA Deluxe I use (9, 20, 34, 50 EMA's) or (5, 11, 19, 28 EMA's for a tigher ribbon)
Also, the 20 SMA comes
Posted by mastermind on 20th of Nov 2023 at 11:08 am
Also, the 20 SMA comes automatically with Bollinger Band standard settings.
another pro tip - once
Posted by matt on 20th of Nov 2023 at 10:48 am
another pro tip - once you find or decide on some settings, stick with it. Too many new traders are always change lengths of their indicators, and looking for new ones, and you have to do that initially to find something that you like, but eventually you need to settle on something and stick with it, why? After looking at 1000's of charts you get a 6th sense for how the indicators behave and patterns that develop - you only learn this after looking at 1000's of examples - after you have calbrated you eye and noticed repeating patterns. If you are constantly changing settings and inicators, this intuition never develops
Thanks Matt - much appreciated.
Posted by scooter on 20th of Nov 2023 at 05:11 pm
Thanks Matt - much appreciated.
This is a v. Good
Posted by vimal on 20th of Nov 2023 at 11:09 am
This is a v. Good point