By the way, Alpha, the idea does work. Because you helped me, I will reveal to you the power behind what you created. It's not perfect, but it is solid! In the example I've provided, I'm on the 1H TF with 3 EMAs (24, 48, 120). I have the STOCH set to 120 (k%), 120 (D%) & 1 (slowing) with an EMA 12 added. Then I'm using your indicator set to 120 with 2 EMAs set to 12 and 120. The reason I use the STOCH is it seems a little more responsive. I wish I had the DMI- with STOCH calculations, but this works.alpha24 wrote: Fri Jun 21, 2024 12:28 am Here is separate plus di and minus di without MA (you have to drag ma on DI) I don't think this idea will work any way........... try.
For entries, the EMAs give me the trend, and once a Heiken Ashi turns color in the direction of the trend, I'm in, providing the Stoch is above the 12 EMA and 120, as well as the DMI- is below both the 12 EMA and 120 EMA. Sell signals would be the opposite.
Also, in the second example, look at how you have an early warning of a reversal before the chart EMAs cross down. We know the banks are trying to steal our money, but the key that I've discovered is that oscillators move faster than moving averages, (even though, technically the ADX is not an oscillator). So this gives us a comprehensive way to view price action with "volume" (because we know that most volume indicators are oscillators) without considering divergence (I used to hate figuring out divergence). One key takeaway is that, regardless of the chart's EMAs, you can almost go in any direction if you make sure that the STOCH (12 and 120) EMAs and DMI- (12 and 120) EMAs are opposite of one another. The chart's EMAs just add greater confluence to the trend. The key is patience and waiting for the right setup. I know there will be some missed entries, but this creates highly probable trade setups.
I would greatly appreciate any thoughts to help improve this strategy. Again, thank you!!!!!