EMA 1H indicator :
1. 1 hour Time Frame (1H) use candlestick chart or bar chart.
2. EMA 18 and EMA28 (both red).
3. WMA 5 (blue) and WMA 8 (yellow).
Color can set by you own, To set up indicators in the Platform System , after logging in Streamster you can simply set the indicator above the easy way.
1. 1 hour and Time frame candlestick or bar chart
Right-click on the field that displays the graph (charting. will appear(options). Select "timescale" Then click on "Hourly" (clock) then the data will display graphics price data (Open, High, Low, Close) every 1 hour
Right-click again select the graph area "Style". Then click"Candlesticks" or "Bar Chart".
2. EMA 18 and EMA 28 (red)
Right-click the graph area, options will appear
Select the "Indicators" then select "Moving Average". Then the fieldwill appear. In the column "Type" choose "Exponential (EMA =Exponential Moving Average)
Change the default number "Period" to "18" and then click the color box "Line Color" select "red".
Then click "OK". You now have a line of red EMA18
Do the same thing again as above to create a line of "EMA 28 color red".
so then you have 2 lines of EMA18 EMA and EMA 28 each in red.
3. WMA 5 (blue) and WMA 8 (yellow)
Right-click the graph area, options will appear. Select the"Indicators" then select "Moving Average". Then the field will appear.In the column "Type" choose "Weighted (WMA = Weightedl Moving Average). Change the default number "Period" to "5" and then clickthe color box "Line Color" select "blue" Click "OK".
Now you have a Blue WMA5 line.
Do it once again as above to create a line of "WMA8" in yellow.
When finished then you now have 2 lines WMA EMA 5 (blue) and EMA 8 (yellow)
Overall on the price chart (charting)
You now have 4 lines MA.
That line of EMA 18 (red), EMA 28 (red), WMA 5 (blue) and WMA 8 (yellow).
save your chart so that you do not need setting up again when logged in streamster
EMA 18 and EMA 28 is a second line of the tunnel to help you determine when to start a trend and the when trend it ended. (long term)
WMA 5 (blue) and WMA 8 (yellow)
Is a line that will help us when we have to enter the trend (Open Position), and this line will also indicate whether or not a strongtrend (short term)
Perform to Open position (sell or buy) only when the Tunnel (EMA 18 and EMA 28) began to intersect with each other (cross) or a really narrow
Take Buy Position (Long)
When the WMA 5 and WMA 8 passes / crosses the line of Tunnel(EMA 18 and EMA 28)
from bottom to top. If the 5 WMA WMA cross the line 8 from bottom to top means the trend is very strong price movements.
Take Sell Position (Short)
When the WMA 5 and WMA 8 passes / crosses the line of Tunnel(EMA 18 and EMA 28)
from top to bottom. If the 5 WMA WMA cross the line 8 from top to bottom means the trend is very strong price movement.
Out of positions BUY or SELL)
When you take BUY position, Beware if the line crosses the WMA5 moves down from the top to the bottom line of WMA 8 and Exit(exit) from this position when the line 8 WMA WMA 5 cross down from the top to the bottom lines of Tunnel (Gap EMA 18 and EMA28)
When taking a position SELL, Beware if the line crosses the WMA5 moves up from the bottom to the top line of WMA 8 and get out ofthis position when the line WMA 5 and WMA 8 crosses moving upfrom the bottom to the top line of the Tunnel (Gap EMA 18 and EMA28)
Always exit your position when the Tunnel (EMA 18 and EMAgap 28) is really narrow and even intersect. This shows the changedirection of the trend (trend reversal).
When you see a change in the trend of price movements such as the time tunnel (EMA gap) narrowed or cross, close the previous position and open a new position in the direction of the trend.Previously example if you take BUY position and then you see the price change, Closed BUY positions
and Open SELL ..
Remember to Make "Trend For A Friend"
"Recommended to use 20-30 pips stop loss to avoid larger losses".
These tips do not guarantee you a profit, but make it as a second opinion because this is just a technical analysis.
