mawao wrote: Tue Sep 22, 2020 7:25 pm
I am looking for some guidance on best settings for a few indicators particularly for the daily charts? Can any one help or show me any threads which already have them ?
As the Daily chart already smooths price action itself you can afford to use smaller periods of Moving Averages for crosses.
As a guide, use
Fibonacci numbers for indicators and your Moving Average settings for maximum profit ie:
- 13 EMA as the fast Moving Average
- 55 EMA as the slow Moving Average
Using a longer period of Moving Average like 100 SMA will miss a lot of entries and exits and are best saved for the intraday timeframes.
For a guide on what advanced Moving Average filters do, please also see:
All Averages - Advanced MA Filters guide.