Testing 20WMA

Hi,

Plotting: 20 wma of both closing and opening prices -

Use OWMA- RED & CWMA - GREEN.

:clap: Buy- CMA Crossing OMA.

:clap: Sell- OMA Crossing CMA.

and distance between the line can be used as Momentum for the move

Take signals based on Context it will be help full in giving good signals.

Think And Act.

Chart Will Look like this

PS: Use Offset value If needed . I am using CWMA as -2

While plotting shift the fast line ahead or the slow line behind by 1 bar . . .

e.g.


Happy

Hi Godfather,
Thanks for strategy,
What scrip you gave chosen here and what time frame ?

I was back-testing with NF,SBI,HDFC..(You can select for yourself)
Time-frame- Higher is better.

Would not this be opposite to what was suggested by "godfather" in starting post....

What to do ?

Godfather,can you post few more charts?

50WMA in 15 min chart gives much more clear trades:clapping:

U don't need Amibroker and all... just put those values in ur Pi,or Kite and do with Naked eyes...where u can identify potential trades ..otherwise small trading range days will kill your profits...

Njoy...

Godfather, you are amazing

Does it work for other stocks and commodities?

No I am not...Thanks for your words but What for ?