DMA is lagging indicator.For example in 10-DMA a PEAK or TROUGH is indicated
after 10 periods ,hence it is given rise to EMA. In EMA the lagging effect is MINIMIZED.DMA is popular because the construction is quite easy.
EMA-10 is often used as SIGNAL LINE since it follows the TREND on small time
frame.
What for you use EMA-499?
after 10 periods ,hence it is given rise to EMA. In EMA the lagging effect is MINIMIZED.DMA is popular because the construction is quite easy.
EMA-10 is often used as SIGNAL LINE since it follows the TREND on small time
frame.
What for you use EMA-499?
I use 10and 499EMA as suggested by my friend and it working good for me whenever EMA10 cross 499EMA from up to down and down to up it gives at leeast 50 to 150 point profit less trade but concrete profit still now
I am not intelligent like u people in chart reading so wait for that trend line to give direction and enter a trade and follow with trailing stop loss