josi wrote: Mon Jul 20, 2020 11:40 pm
I can't - for the life of me - figure out what advantage EMA13 can bring to the whole setup.
Should you know yourself I'd be very grateful if you told me.
Does EMA 5-10-20 produce worse signals? Not as far as I can see.
If you leave EMA 13 out altogtether? Different signals?
How about MACD above or below 0 (or/+ divergence) - that could filter out bad signals (see screenshot).
yes you can try different moving averages period you like and the one that works for you
everyone needs to find their own way to figure out which moving averages are synchronized the best with price and time periods
the moving averages from where prices reacts the fastest are the right moving averages to use.
if at all you want to use moving averages ! everyone have their choices to use or not to use
mladen and mrtools have coded well the moving averages in mtf mode, and most importantly shared their good work,
ultimately its the context of moving averages in all timeframes ,
macd just represents convergence and divergence of moving averages only.
there is nothing special about moving averages and macd either. and nothing special about market either, it is the same old behaviour of it, it is just old indicators only available since long.
only prices are the fastest, and so market is deadly fast too !