![]() ![]() I have to improve or discard this system.I obtained 218 results on the scanner, scanning against the S&P 500. Time frame = 15 minutes (Tradingview does not enable me to do it in 5 minutes)īack-testing results for bio companies in 2020 thinktrades3564 Moving Averages are Very Underrated in today's Highly complicated Technical Analysis, I Hope This Video Will Help Trades to Think in Simpl. EMA Convergence scan using 8,13,21 periods.Volatility during this period have been so high:īack-testing results for second date range SqzLong = iff( val > 0, iff( val > nz(val), true, false), iff( val sma(close, 21)) and (close timestamp(FromYear, FromMonth, FromDay, 00, 00) and time upperBB ) or (ema(close, 8) 1īack-testing results for first date range Val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)), lengthKC,0) Then, once in the trade, we want to ride that trend for as long as possible. NoSqz = (sqzOn = false) and (sqzOff = false) We want to trade chart patterns the whole world sees. SqzOn = (lowerBB > lowerKC) and (upperBB upperKC) By the time you finish this tutorial, you’ll know exactly when to enter high probability trade using the Exponential Moving Averages analysis. UseTrueRange = input(true, title="Use TrueRange (KC)", type=input.bool) 8, 13, 21 EMA Strategy - this is how to Day Trade Successfully. MultKC = input(1.5, title="KC MultFactor") ToYear = input(defval = 2020, title = "To Year", maxval = 2020) ToDay = input(defval = 31, title = "To Day", maxval = 31) ToMonth = input(defval = 12, title = "To Month", maxval = 12) This source code is subject to the terms of the Mozilla Public License 2.0 at įromMonth = input(defval = 1, title = "From Month", minval = 1)įromDay = input(defval = 1, title = "From Day", minval = 1)įromYear = input(defval = 2020, title = "From Year", minval = 2000) A brief video on how I utilize the 8 and 21 EMA strategy every day when I trade stocks Its really a life changing trade set up that helps build your confid. Using moving averages, instead of buying and selling at any location. All moving averages are lagging technical indicators however when used correctly, can help frame the market for a trader. 8, 13, and 21 are the different period measures of EMA signal lines. I have build this system on Tradingview and I have done some back-testing in 3 periods to see how it works. The three-moving average crossover strategy is a trading strategy that uses 3 exponential moving averages of various lengths 9 EMA, 21 EMA, and 55 EMA. EMA or exponential moving average is one kind of moving average that shows the most satisfactory results to identify trends. I added the Squeeze momentum indicator to filter the positive trend and reduce the draw downs.I have implemented the basis of this system and I have changed some behaviors: In his book “Mastering the trade”, John Carter proposes a simple system based on the moving averages of 8 and 21. ![]()
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