as 13 ema and 20 ema zone is all important, as described above in context to division of averages and time frames
this is how market behaves in all time frames with 13 ema and 20 ema zones in all time frames, market is as classically regular as you can imagine, for years this is how market works and you can trade only with moving averages and price action !
all is convergence and divergence of this zones in multiple timeframes.
now with mt5 with more timeframes available it is more easy to see it .
thanks to mladen and mrtools that some good indicators with color coding helps to see the things easily on chart. if you are getting old like me you need more easy to read colored chart !
mrtools also published one good indicator qwma adaptive fl, which shows the same thing , as described previously in this thread, the same zone and moving averages division works with it too with specified settings on it.
many thanks to him also.
indicators to go in mql4/indicator/Downloads folder
ema guppy display trend - ma -5,13,14
- ! rijay atr ma convergence divergence.tpl
- (675.02 KiB) Downloaded 817 times
- ! rijay atr with ma convergence divergence exchnage time.tpl
- (1.66 MiB) Downloaded 858 times
- averages - mtf - alerts 9.2.ex4
- (155.61 KiB) Downloaded 925 times
- Averages rainbow 1.04.ex4
- (125.61 KiB) Downloaded 960 times
- Avg Range.mq4
- (8.06 KiB) Downloaded 856 times
- dema macd zones alerts 2.01.mq4
- (8.28 KiB) Downloaded 968 times
- Heiken Ashi Smoothed Candle Normal.mq4
- (5.42 KiB) Downloaded 851 times
- MACD nrp mtf + alerts 2.mq4
- (8.23 KiB) Downloaded 1215 times
- (49.44 KiB) Downloaded 999 times
- (2.15 KiB) Downloaded 744 times
- SimpleEMAv2 13 ema mtf.mq4
- (32.53 KiB) Downloaded 873 times
- (16.27 KiB) Downloaded 848 times
- step one more average 2.3 mtf histo.mq4
- (12.84 KiB) Downloaded 891 times
- step one more average 2.3 mtf separate window.mq4
- (21.52 KiB) Downloaded 917 times
- step one more average 2.3 mtf.mq4
- (21.52 KiB) Downloaded 875 times
- (12.82 KiB) Downloaded 861 times
- EMA Guppy Trend Display.mq4
- (16.17 KiB) Downloaded 978 times