EMA
The EMA is very popular in virtual currency trading (BTC/USD).Exponential moving average (EMA) differs from a simple moving average (SMA) by a weighted average being given to recent price data. The EMA reacts much more quickly to recent price changes than the SMA does.
Trend Indicator
Using daily chart, traders follow the 5-13 EMA. When the 5 is above the 13 EMA (green) the trend is strongly rooted bullish. When the 5 is below the 13 EMA (red) the trend is bearish. Blue crosses signal when a trend has changed.
The EMA is very popular in virtual currency trading (BTC/USD).Exponential moving average (EMA) differs from a simple moving average (SMA) by a weighted average being given to recent price data. The EMA reacts much more quickly to recent price changes than the SMA does.
Trend Indicator
Using daily chart, traders follow the 5-13 EMA. When the 5 is above the 13 EMA (green) the trend is strongly rooted bullish. When the 5 is below the 13 EMA (red) the trend is bearish. Blue crosses signal when a trend has changed.
Note
4 Hour Chart - more volatile, but quicker signalsNote
With any system it is impossible to eliminate false signals. However, you can reduce them by finding what intervals works best based on hourly-daily-weekly volatility.Note
Waiting for confirmation is always better than attempting to picking exact bottoms or tops.
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.
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.