PROTECTED SOURCE SCRIPT
MIGHTY MTF EMA62
Aggiornato
EMA62 comes from Rob Booker trend trading system.
I do now own this, nor do I claim or charge money for this system.
More information about this system can be found on: robbooker.com/books/5-13-62.pdf
What I did:
1. hard coded all multi timeframe ema62.
2. using colorcoding for each timeframe:
EMA62 MTF (minutes)
1M = white
5M = purple
10M = yellow
15M = orange
30M = aqua
1H = gray
4H = green
8H = yellow
Daily = red
Note:
I've only tested this on Forex, I dont have experience with stocks-crypto.
Note:
This system is used to gauge Daily trend, intraday trend.
Strongly recommend to use it with other confirmation like support/resistance lines, trendlines, pitchforks, momentum oscillators.
Note:
Strongly recommend to read PDF if you want to trade this as stand alone.
Note:
Strongly recommend to use MTF analysis for better entries and understanding of higher timeframe trends.
Note:
When multiple ema62 are on top of eachother then we have no trend, suggesting consolidating market.
This occurs often at major support/resistance lines, Wedges, momentum oscillators OB/OS.
When multiple ema62 are opening up (upwards/downwards) then there's a suggestion of a trending market
I do now own this, nor do I claim or charge money for this system.
More information about this system can be found on: robbooker.com/books/5-13-62.pdf
What I did:
1. hard coded all multi timeframe ema62.
2. using colorcoding for each timeframe:
EMA62 MTF (minutes)
1M = white
5M = purple
10M = yellow
15M = orange
30M = aqua
1H = gray
4H = green
8H = yellow
Daily = red
Note:
I've only tested this on Forex, I dont have experience with stocks-crypto.
Note:
This system is used to gauge Daily trend, intraday trend.
Strongly recommend to use it with other confirmation like support/resistance lines, trendlines, pitchforks, momentum oscillators.
Note:
Strongly recommend to read PDF if you want to trade this as stand alone.
Note:
Strongly recommend to use MTF analysis for better entries and understanding of higher timeframe trends.
Note:
When multiple ema62 are on top of eachother then we have no trend, suggesting consolidating market.
This occurs often at major support/resistance lines, Wedges, momentum oscillators OB/OS.
When multiple ema62 are opening up (upwards/downwards) then there's a suggestion of a trending market
Note di rilascio
added 3M Ema 62, which is visible on 1m chart only.added 480M EMA62, which will be visible on 480chart.
corrected some minor miscalculations and wrongly plotted waves on certain timeframes
Note di rilascio
HTF ema62 will be visible on 10m chart as wellNote di rilascio
Cosmetic update
Declinazione di responsabilità
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