well, i dont believe much on indicators...i used emas in the past and still look at 'em but only durin' particular pattern formations after report in order to locate profits tgt; aside that i dont even pay attention to volumes lately.... still, i have doubts this one really works but don't look that bad and am just curious about it.
Trading E-minis using moving averages?
- Thread starter aspenboy
- Start date
well, i dont believe much on indicators...i used emas in the past and still look at 'em but only durin' particular pattern formations after report in order to locate profits tgt; aside that i dont even pay attention to volumes lately.... still, i have doubts this one really works but don't look that bad and am just curious about it.
"Looks like he has been playing on the Ensign demo. Some folks just get so carried away with indicators you cant even see the price bars, its like they are trying to paint a picture, all the pretty colors."
you're right about demo.it was the first step.
I am now realtime but still papertrading.
I do like colors,and I am looking at the
relation betweenMAs. Color is just a
question of choice.
If you want black and white only, up to you!
you're right about demo.it was the first step.
I am now realtime but still papertrading.
I do like colors,and I am looking at the
relation betweenMAs. Color is just a
question of choice.
If you want black and white only, up to you!
Would you post your chart now then, and let us see it in realtime?
I am using a lot of moving averages, more than the eye can see!
I am basically using the same setup with a few mods:
The graph on top left corner is candlestick chart @ 55ticks.
It is a longer term view but for daytrding purpose only.
Blue candles >down
Yellow Candles> up
All indicators are ploted on the price chart.
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The upper zone changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The lower zone changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
--------------------------------------------------------------
The graph on bottom left corner is candlestick chart @ 55ticks.
It is a shorter term view of the exact same chart above.
A close-up.
Blue candles >down
Yellow Candles> up
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The background changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The background changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
At the bottom of this price chart I am using OBV.
I found that OBV was reacting too fast so I added
SMA10 to calm down the overreacting OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red.
At the very bottom, I am using Ergodic Oscillator based on close.
Average1 = 5
Average2 = 10
Once again this oscillator is too reactive so I added
a short period MA4.
Rising >> yellow line
Falling>> blue line
I added an alarm when this oscillator is
above 45:
looking to take profit on a long position
or exiting part of position
below -45:
looking to take profit on a short position.
or exiting part of position
---------------------------------------------------
now the last graph on the right-hand side
is candlestick chart using 5 ticks RANGE.
Good balance between reaction and it avoid
most false signals.
On the price chart is plotted a regression
channel parameters: 2% of last 10 bars.
When rising, line is green and upper zone is yellow.
When falling, line is black and lower zone is red.
Now if you look, you'll see 3 indicators:
top:Ergodic
middle:OBV
bottom: Hull average.
About indicator on top: Ergodic indicator:
Once again, I am using a moving average to calm down things
MA1=10 MA2=5. MA of calculation is 4.
When indicatior falling: blue
when indicator risinig: yellow
When indicator moves at or above 45 a wide fuzzy red line
appear over indicator line. Warning! you should be
looking to take profit on a long position
or exiting part of position.
When indicator moves at or below -45 a wide fuzzy yellow line
appears over indicator line. Warning! you should be
looking to take profit on a short position.
or exiting part of position
About the indicator in middle:
At the bottom of this price chart I am using SMA10of OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red
Finally, the indicator at the bottom is Hull MA.
Does not react as fast as the rest but keep you in a trade
if you wish to follow the signal.
I am basically using the same setup with a few mods:
The graph on top left corner is candlestick chart @ 55ticks.
It is a longer term view but for daytrding purpose only.
Blue candles >down
Yellow Candles> up
All indicators are ploted on the price chart.
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The upper zone changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The lower zone changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
--------------------------------------------------------------
The graph on bottom left corner is candlestick chart @ 55ticks.
It is a shorter term view of the exact same chart above.
A close-up.
Blue candles >down
Yellow Candles> up
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The background changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The background changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
At the bottom of this price chart I am using OBV.
I found that OBV was reacting too fast so I added
SMA10 to calm down the overreacting OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red.
At the very bottom, I am using Ergodic Oscillator based on close.
Average1 = 5
Average2 = 10
Once again this oscillator is too reactive so I added
a short period MA4.
Rising >> yellow line
Falling>> blue line
I added an alarm when this oscillator is
above 45:
looking to take profit on a long position
or exiting part of position
below -45:
looking to take profit on a short position.
or exiting part of position
---------------------------------------------------
now the last graph on the right-hand side
is candlestick chart using 5 ticks RANGE.
Good balance between reaction and it avoid
most false signals.
On the price chart is plotted a regression
channel parameters: 2% of last 10 bars.
When rising, line is green and upper zone is yellow.
When falling, line is black and lower zone is red.
Now if you look, you'll see 3 indicators:
top:Ergodic
middle:OBV
bottom: Hull average.
About indicator on top: Ergodic indicator:
Once again, I am using a moving average to calm down things
MA1=10 MA2=5. MA of calculation is 4.
When indicatior falling: blue
when indicator risinig: yellow
When indicator moves at or above 45 a wide fuzzy red line
appear over indicator line. Warning! you should be
looking to take profit on a long position
or exiting part of position.
When indicator moves at or below -45 a wide fuzzy yellow line
appears over indicator line. Warning! you should be
looking to take profit on a short position.
or exiting part of position
About the indicator in middle:
At the bottom of this price chart I am using SMA10of OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red
Finally, the indicator at the bottom is Hull MA.
Does not react as fast as the rest but keep you in a trade
if you wish to follow the signal.
I am using a lot of moving averages, more than the eye can see!
I am basically using the same setup with a few mods:
The graph on top left corner is candlestick chart @ 55ticks.
It is a longer term view but for daytrding purpose only.
Blue candles >down
Yellow Candles> up
All indicators are ploted on the price chart.
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The upper zone changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The lower zone changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
--------------------------------------------------------------
The graph on bottom left corner is candlestick chart @ 55ticks.
It is a shorter term view of the exact same chart above.
A close-up.
Blue candles >down
Yellow Candles> up
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The background changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The background changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
At the bottom of this price chart I am using OBV.
I found that OBV was reacting too fast so I added
SMA10 to calm down the overreacting OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red.
At the very bottom, I am using Ergodic Oscillator based on close.
Average1 = 5
Average2 = 10
Once again this oscillator is too reactive so I added
a short period MA4.
Rising >> yellow line
Falling>> blue line
I added an alarm when this oscillator is
above 45:
looking to take profit on a long position
or exiting part of position
below -45:
looking to take profit on a short position.
or exiting part of position
---------------------------------------------------
now the last graph on the right-hand side
is candlestick chart using 5 ticks RANGE.
Good balance between reaction and it avoid
most false signals.
On the price chart is plotted a regression
channel parameters: 2% of last 10 bars.
When rising, line is green and upper zone is yellow.
When falling, line is black and lower zone is red.
Now if you look, you'll see 3 indicators:
top:Ergodic
middle:OBV
bottom: Hull average.
About indicator on top: Ergodic indicator:
Once again, I am using a moving average to calm down things
MA1=10 MA2=5. MA of calculation is 4.
When indicatior falling: blue
when indicator risinig: yellow
When indicator moves at or above 45 a wide fuzzy red line
appear over indicator line. Warning! you should be
looking to take profit on a long position
or exiting part of position.
When indicator moves at or below -45 a wide fuzzy yellow line
appears over indicator line. Warning! you should be
looking to take profit on a short position.
or exiting part of position
About the indicator in middle:
At the bottom of this price chart I am using SMA10of OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red
Finally, the indicator at the bottom is Hull MA.
Does not react as fast as the rest but keep you in a trade
if you wish to follow the signal.
***************************************
Now what do you do with all this?
The 2 graphs on the left are telling you if you:
should be looking to go LONG....YELLOW
or
should be looking to go short....RED.
Usually OBV will go in same direction as signal:
if not: WARNING!
----------------------------------------------------------------
Once you determine whether go LONG or SHORT,
wait for the right-hand chart + indicator to be all the same
color and take the trade!
Warning: if ERGODIC gets close to 45 or -45, at least exit part
of position.
Warning: if ERGODIC diverges from price action, be ready for a
wild ride going the same way ERGODIC goes.
Stop-loss placement, number of contracts, profit
targets are yours to decide.
If you ever try this setup let me know how things are going
for you.
Doji
I am basically using the same setup with a few mods:
The graph on top left corner is candlestick chart @ 55ticks.
It is a longer term view but for daytrding purpose only.
Blue candles >down
Yellow Candles> up
All indicators are ploted on the price chart.
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The upper zone changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The lower zone changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
--------------------------------------------------------------
The graph on bottom left corner is candlestick chart @ 55ticks.
It is a shorter term view of the exact same chart above.
A close-up.
Blue candles >down
Yellow Candles> up
I am using the following EMA periods based on close:
3-5-8-10-12-15-30-35-40-45-50 all black thin lines
60 is white thick line
The background changes color when
EMA50 is above EMA 60>>> yellow>>bullish
The background changes color when
EMA50 is below EMA 60>>> red>>bearish
100 is a thicker line switching from green to blue.
When EMA100 is rising...green>>bullish
When EMA100 is falling...blue>>bearish
At the bottom of this price chart I am using OBV.
I found that OBV was reacting too fast so I added
SMA10 to calm down the overreacting OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red.
At the very bottom, I am using Ergodic Oscillator based on close.
Average1 = 5
Average2 = 10
Once again this oscillator is too reactive so I added
a short period MA4.
Rising >> yellow line
Falling>> blue line
I added an alarm when this oscillator is
above 45:
looking to take profit on a long position
or exiting part of position
below -45:
looking to take profit on a short position.
or exiting part of position
---------------------------------------------------
now the last graph on the right-hand side
is candlestick chart using 5 ticks RANGE.
Good balance between reaction and it avoid
most false signals.
On the price chart is plotted a regression
channel parameters: 2% of last 10 bars.
When rising, line is green and upper zone is yellow.
When falling, line is black and lower zone is red.
Now if you look, you'll see 3 indicators:
top:Ergodic
middle:OBV
bottom: Hull average.
About indicator on top: Ergodic indicator:
Once again, I am using a moving average to calm down things
MA1=10 MA2=5. MA of calculation is 4.
When indicatior falling: blue
when indicator risinig: yellow
When indicator moves at or above 45 a wide fuzzy red line
appear over indicator line. Warning! you should be
looking to take profit on a long position
or exiting part of position.
When indicator moves at or below -45 a wide fuzzy yellow line
appears over indicator line. Warning! you should be
looking to take profit on a short position.
or exiting part of position
About the indicator in middle:
At the bottom of this price chart I am using SMA10of OBV.
Bullish:
When SMA10OBV is rising, line yellow and upper zone yellow.
Bearish:
When SMA10OBV is falling, line black and lower zone red
Finally, the indicator at the bottom is Hull MA.
Does not react as fast as the rest but keep you in a trade
if you wish to follow the signal.
***************************************
Now what do you do with all this?
The 2 graphs on the left are telling you if you:
should be looking to go LONG....YELLOW
or
should be looking to go short....RED.
Usually OBV will go in same direction as signal:
if not: WARNING!
----------------------------------------------------------------
Once you determine whether go LONG or SHORT,
wait for the right-hand chart + indicator to be all the same
color and take the trade!
Warning: if ERGODIC gets close to 45 or -45, at least exit part
of position.
Warning: if ERGODIC diverges from price action, be ready for a
wild ride going the same way ERGODIC goes.
Stop-loss placement, number of contracts, profit
targets are yours to decide.
If you ever try this setup let me know how things are going
for you.
Doji
I needed to "standardize" the colors to avoid confusion as much as possible.
background yellow is UP!
background red is DOWN!
yellow line is UP
black line is DOWN.
There is one exception the ERGODIC indic.
yellow is up
blue is down.
It stands out and I like to find it fast when needed.
screenshot:
background yellow is UP!
background red is DOWN!
yellow line is UP
black line is DOWN.
There is one exception the ERGODIC indic.
yellow is up
blue is down.
It stands out and I like to find it fast when needed.
screenshot: