This is my chart settings that will be used to determine my entry points. I will be using 4 EMAs.
the values are 10 EMA (high) , 10 EMA ( Low), 50 EMA (High) and 50 EMA (Low).
I have included one CCI value 13 with typical price settings ( HLC).
The moving averages will help me to determine trends and the CCI will improve the probability of my long/short trades.
Alright that's it for now and if I do see any good trades next week I will post it.
Have a good weekend.
the values are 10 EMA (high) , 10 EMA ( Low), 50 EMA (High) and 50 EMA (Low).
I have included one CCI value 13 with typical price settings ( HLC).
The moving averages will help me to determine trends and the CCI will improve the probability of my long/short trades.
Alright that's it for now and if I do see any good trades next week I will post it.
Have a good weekend.
I coded a band indicator, maybe you find it useful to visualize things better:
study(title="High/Low MAs", overlay=true)
highma = sma(high, 10)
lowma = sma(low, 10)
p1 = plot(highma, color = green, linewidth=2, style=line, transp=50)
p2 = plot(lowma, color = maroon, linewidth=2, style=line, transp=50)
fill(p1, p2, color=orange, transp=80)
Add any custom indicator, go to source code, make a copy, rename and paste my code and save as 10 period h/l or whatever name you want.
Cheers,
Ivan.
Might be a good tool I think: