There is a correlation I see that would have proven profitable, when back-tested. So may do moving forward.
Using week view and 9bar EMA, and 9bar MA.
The bars cross at relevant times to prevent great loss, and to achieve excellent gains. Noted, MA and EMA are lagging indicators so not 100% ideal.
I highlighted most relevant profit, loss zones.
Now in a buy zone.
Using week view and 9bar EMA, and 9bar MA.
The bars cross at relevant times to prevent great loss, and to achieve excellent gains. Noted, MA and EMA are lagging indicators so not 100% ideal.
I highlighted most relevant profit, loss zones.
Now in a buy zone.
Note
I wrote a script to do this now.It went sell for a minute, about to go Green again. Still learning to interpret this indicator, I think the gap reducing while rising in Red, is still a buy.
Note
some more data, as a sell indicator it's been pretty clean
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.