Gold, Day Chart
I use BB with 17, 1 setting together with EMA 7
When BB 17, 1 walk along with EMA 7
follow the trend, until the price get it BB.
Inside BB is suppose subway, stand away and watch
Only trade with getting outside.
simple rule make easy.
Day Chart, very simple way to do,
wait BB 17, 1 and EMA 7 walk together and go along
when bid hits BB 17, 1 and get back in BB, leave.
Inside BB is subway, suggest stand away to watch.
Only take action when out of BB 17, 1
most indicator use current bid to paint the line or signal.
Therefore, if the current bar is a huge entitle bar, line or signal will change a lot
which may make you give different view of buy or sell.
e.g. RSI go from 80 down to 40
but for non-repaint, one of the method is using the OPEN price...
http://www.trade2win.com/boards/technical-analysis/210544-new-idea-multi-ema-list-make-music-staff-stave-stock-view.html
Take a look my indicator EMA_MUSIC_STAVE
just simple EMA 7 20 38 62 100, but give quite good idea on turning point.
here is a picture on compare on Gaussian Rainbow with my indicator EMA_MUSIC_STAVE.
Rainbow make you comfort, buy MUSIC_STAVE catch High/Low if possible.
Rainbow can solve the 'noise' and tell you when to entry and exit.
Well, MUSIC_STAVE catch the pivot if possible which Rainbow can't.
You can...
I've test 2000+ free MT4 indicators and really hard to find good indicator on 1min chart, the above reply already tell you about 'noise'. Well, here it one of the my top 10 indicators using which still work on 1min chart. Gaussian Rainbow give new idea when to buy and also the trend going. You...
http://www.trade2win.com/boards/technical-analysis/210544-new-idea-multi-ema-list-make-music-staff-stave-stock-view.html
I come to share my new setting on EMA setting,
I call it EMA_MUSIC_STAVE_BY_COWBEARCAR
it give EMA 7 20 38 62 100 for the base stave
and then using formula (2*EMA4 - EMA10)...
Here are some update images, you can see how EMA_MUSIC_STAVE works.
DJI got Evening Star Pattern, time to down trend, and you can see the calculated Green line give Pivot at all.
Well, moving average lag but this calculated line lag about 1/2 of candle time.
General speaking, moving average is...
Here, I would introduce my new idea on EMA list:
EMA 7, 20, 38, 62, 100 to make a Music Staff/Stave on Stock View.
And there is a hiding EMA diff line~~ (2*Ema7 - Ema20), (2*Ema7 - Ema38)...
i.e. 1:1 ratio high between EMA 7 and EMA 20, pick on rival position!!
You wonder that the above picture...