Latest Update XU v32
The number one rule in the Market is when Price is Above the 200SMA to consider BUYING opportunities only and when Price is Below the 200SMA to consider SELLING opportunities only. This is the Industry Standard, so it makes sense to work off it and show it on the setup.
In the latest update, I decided to set the T2MA to 200SMA (Industry Standard).
As for the T1MA setting, I changed the T1MA to 42EMA as in “Life, the Universe, and Everything” which is forty-two (Hitchhikers Guide to the Galaxy). Works a charm.
So T2MA = 200SMA and T1MA = 42EMA.
Anyway, I tried it and the small Semafor tends to bounce off it just nice. Plus when you are trading you have the added knowledge when Price is Above/Below the 200SMA. How cool is that?
Regarding the RSi, I have added a simple RSI-coloured text (top-right of sub-window) showing when the RSI is above (Blue) trending UP, below (Red) trending down, and (Grey) in between.
I have dropped the ZZ1 Orange line in this setup as I feel it is not needed and is just overkill. We still have the Square Semafor in play.
This is my final setup which I have refined over the years to its original Simple Trend Following System to use when intra-day trading the markets.
May it be your roadmap and help you with your Directional trading and make you a boatload of Pip$ along the way.
There is no better feeling than being your own boss booking 50%, 60%, 70%, and 80% on a daily basis.
With Pip$ comes freedom and a whole lot more...
Enjoy!
Xard777
