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
printscreen
==========================
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
printscreen
Last edited: