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The benefit of the crossover setups is in the way the MA's are actually calculated compared to other MA's. I see them as "truer" MA's than your regular MA or EMA. I still feel that it is better on a longer term time frame. Intra day the signals of the cross overs would be way to late to be meaningfull.
If you're trading the equities intraday you can use them to confirm a move once entered, however I'd mostly use candlesticks and basic market generated information to get my signals. Tape is all right on a stock but the L2 I don't trust. |
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Yes, that is one of the biggest problems I encountered with some Japanese stocks. The information through tape and Level 2 can not be trusted. I can not rely on momentum off the tape (order flow, etc...) and due to the nature of stock in Japan which tend to gap every single day based off US markets, market profile (in terms of
value area) is not efficient. I have a couple other theories I am currently testing out but will need some sort of indicator to confirm price action. Volume relative to price action has been extremely hard (almost impossible) to read intraday as well.
I am going to explore further the usage of these custom moving averages and will keep traders posted for those that may be interested.