using EMA CROSSOVER with Williams Trend Indicator
Purely for Educational Purpose Only:
Indicators Used:
Chart: Use Heikenashi Candles (trend detection gets easier)
Signals: Buy Sell SIgnals are given by ema crossover indicator. Signals are triggered whenever EMA 5 crosses EMA25 in both directions.
Blue Line: EMA 200 Long-term Trend Detection
RED+GREEN Line: EMA100 Trend confirmation
smoothed heikenashi candles for ENTRY
parabolic SAR triangles for secondary entry signals
ENTRY Condition:
Buy: green candle + open above smooth candles+ ema 100 (Green Color) + open > ema200(blue line)
Buy Confirmation: WIlliams Trend oscillator is above ZERO LINE and Green Color
Sell: red candle + open below smooth candles + ema 100 (red Color) + open < ema200(blue line)
Sell Confirmation: WIlliams Trend oscillator is below ZERO LINE and Red Color
EXIT condition:
when ever candle closes below smoothed candles for Buy
when ever candle closes above smoothed candles for Sell
Indicators Used:
Chart: Use Heikenashi Candles (trend detection gets easier)
Signals: Buy Sell SIgnals are given by ema crossover indicator. Signals are triggered whenever EMA 5 crosses EMA25 in both directions.
Blue Line: EMA 200 Long-term Trend Detection
RED+GREEN Line: EMA100 Trend confirmation
smoothed heikenashi candles for ENTRY
parabolic SAR triangles for secondary entry signals
ENTRY Condition:
Buy: green candle + open above smooth candles+ ema 100 (Green Color) + open > ema200(blue line)
Buy Confirmation: WIlliams Trend oscillator is above ZERO LINE and Green Color
Sell: red candle + open below smooth candles + ema 100 (red Color) + open < ema200(blue line)
Sell Confirmation: WIlliams Trend oscillator is below ZERO LINE and Red Color
EXIT condition:
when ever candle closes below smoothed candles for Buy
when ever candle closes above smoothed candles for Sell
Related publications
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.