You could use whatever ones you prefer. The sweet spot for me has been simplified using the 25 and 200 EMA on the daily and hourly.zzleepy wrote: Wed May 03, 2017 4:41 am FXSurf, questions for you:
Have you tried using or thought about using these EMA values: 32, 64, 96.
32x2 is 64 and 32x3 is 96.
These values measure the average of
- 8, 16, and 24 hours on the M15
- 1, 2.67 and 4 days on the H1
- 4, 10.67, and 16 days on the H4
- 24, 64, and 96 days on the D1
Mathematically, they seem more cohesive to use, so I was just wondering if you're using the values you are now due to mass psychology (more traders use them than the ones I mentioned), and/or they worked better in testing, etc.
In addition to these I use a 16, half the value of the 32 and about the fastest I like them.
I also use the NonLag MA for the responsiveness and slope color change, do you use EMAs for more solid crossovers?
Again im looking for a particular footprint or pattern that is occurring when price is setting up for a reversal. All three WT's at the top/bottom and and the hourly WT crossing over the 4H.