The White Line on the 5-minute $TICK chart is the 38-Period EMA of (H+L+C)/3. The Green/Red Line is the 20-Period EMA of (H+L+C)/3. The Yellow line is the 2-Period SMA of (H+L+C)/3. I typically will use the 2-Period SMA (yellow) to trade short-term ups and downs of the market. The longer term averages are used to identify the longer term trend.
On the 620 tick chart, the MA's are 20 and 38-period EMA's of the close.
hello there,
ReplyDeletewhat M.A. do you use in your Tick Chart ?
Hi Brutus,
ReplyDeleteYou may also want to review my post on 12/12/08 titled "Screens That I Use While Trading":
http://esanalysis.blogspot.com/2008/12/screens-that-i-use-while-trading.html
The White Line on the 5-minute $TICK chart is the 38-Period EMA of (H+L+C)/3. The Green/Red Line is the 20-Period EMA of (H+L+C)/3. The Yellow line is the 2-Period SMA of (H+L+C)/3. I typically will use the 2-Period SMA (yellow) to trade short-term ups and downs of the market. The longer term averages are used to identify the longer term trend.
On the 620 tick chart, the MA's are 20 and 38-period EMA's of the close.
Charles
thank you Charles
ReplyDeletethank you Charles
ReplyDeleteI trade bullish,bearish divergences of tick and price