EMAstrips in BB (modified)

Modified version is better ?

  • YES

    Votes: 11 78.6%
  • NO

    Votes: 3 21.4%

  • Total voters
    14

columbus

Well-Known Member
#1
Modified "Ema strip in BB"
==========================

In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.


green screen image

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Last edited:

columbus

Well-Known Member
#2
Last edited:
#3
Looks good. Let's check it out for a few days.

How about using bars instead of candles ?? Reduces clutter.

 

columbus

Well-Known Member
#4
Modified "Ema strip in BB"
===================
(With SENSEX values)

In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
----------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.

Any time frame (3min~5min) can be used.

 

columbus

Well-Known Member
#5
Modified "Ema strip in BB"
===================


In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
----------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.

Any time frame (3min~5min) can be used.


 

columbus

Well-Known Member
#6
Modified "Ema strip in BB"
===================


In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
----------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.

Any time frame (3min~5min) can be used.

 

Relish

Well-Known Member
#7
Modified "Ema strip in BB"
===================

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.
How to Plot Double Average EMA IN ODIN; Or alternatively what value should be plotted? Thank's
 

columbus

Well-Known Member
#8
How to Plot Double Average EMA IN ODIN; Or alternatively what value should be plotted? Thank's
Hi relish,

If Double Average is not there,You can as well plot Exponential Moving Average
-2 and EMA-9 separately.
 

columbus

Well-Known Member
#9
Modified "Ema strip in BB"
===================


In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
----------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.




Any time frame (3min~5min) can be used.
 

Purushotham

Well-Known Member
#10
Modified "Ema strip in BB"
===================


In Tradetiger, single line can be represented in TWO colours
based on BULLISH phase and BEARISH phase.This method is made
use of,in this technique.


CONSTRUCTION:
----------------

In TRADETIGER ,8 indicators can be plotted ,as of now.

I) Plot Standard Bollinger Band BB(20,2).

II) Plot Double Average ,EMA-2 and EMA-9 in WHITE colour.

III) Plot EMA-3 to EMA-8 in double colour.(Blue-bullish;Red-bearish)


A series of Blue and Red strips are seen.

1.Blue indicates a BUYING opportunity (Buy LOW-Sell HIGH)
and
2.Red strip indicates a SHORTING opportunity (Sell HIGH-Buy LOW).

Better prefer one of these conditions ,preferably the condition-1
But in Choppy conditions frequent alterations are seen ,better
to avoid these conditions.Some times it so happens that ,WITHIN
EMA-2 & EMA-9 band ,both Blue and Red colours are seen.Avoid trading
in those circumstances.

Of course ,many TWEAKS are possible.




Any time frame (3min~5min) can be used.
Great.. Will you explain how to setup this for Amibroker.
 
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