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| Trading Indicators Post your custom trading indicators. If you download, remember to click INSTALL. |
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LinkBack (2) | Release Tools | Display Modes |
02-24-2007, 11:43 AM
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Ward's_EMA_Power
{======================== ===================}
{=== _Ward's_EMA_Power =====================} {======================== ===================} {This indicator is used help you decide whether to take a trade or get out of a trade. It uses EMA cross overs to color the radar screen cells green, yellow or red depending on which direction the "signal EMA" (XAverage1) is moving. This is basically a RadarScreen... Last edited by Robert2617; 02-25-2007 at 02:22 AM. 
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By
Robert2617
on
02-24-2007, 07:22 PM
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Re: Ward's_EMA_Power
Yes, He is a Pirate now plundering the the Forex market. http://kreslik.com
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By
Robert2617
on
02-25-2007, 02:13 AM
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Re: Ward's_EMA_Power
OK back on topic. I did some more testing tonight (Sunday the 25th) and it looks like the default settings were too sensitive. I found the best results when I started the XAverages at 4 and then 6, 8, 10, 12, 14 and 16 for a single instance of the indicator. If you do two, do 4, 6,8,10,12 etc on the first and 4, 18,20,22,24 etc on the second.
I've updated the indicator's defaults and attached it. ============ Tested it some today (Monday the 26th) live. It works as planned. Using one instance at default settings with 200 bars of data added, worked perfectly! However, using two instances of it with one point increments (4,5,6,7,8,9, etc) for the EMAs is too sensitive. The spread between the EMAs must be two points (4,6,8,10,12,14 etc). You can play with it to see what works best for you but I say use a 2 point spread. Cheers. |
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Last edited by Robert2617; 02-26-2007 at 04:24 PM.
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/wards_ema_power-1262.html
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Linear Mode
