Strong Support and Resistance with EMAs @viniciushadek
### Strategy for Using Continuity Points with 20 and 9 Period Exponential Moving Averages, and Support and Resistance
This strategy involves using two exponential moving averages (EMA) - one with a 20-period and another with a 9-period - along with identifying support and resistance levels on the chart. Combining these tools can help determine trend continuation points and potential entry and exit points in market operations.
### 1. Setting Up the Exponential Moving Averages
- **20-Period EMA**: This moving average provides a medium-term trend view. It helps smooth out price fluctuations and identify the overall market direction.
- **9-Period EMA**: This moving average is more sensitive and reacts more quickly to price changes, providing short-term signals.
### 2. Identifying Support and Resistance
- **Support**: Price levels where demand is strong enough to prevent the price from falling further. These levels are identified based on previous lows.
- **Resistance**: Price levels where supply is strong enough to prevent the price from rising further. These levels are identified based on previous highs.
### 3. Continuity Points
The strategy focuses on identifying trend continuation points using the interaction between the EMAs and the support and resistance levels.
### 4. Buy Signals
- When the 9-period EMA crosses above the 20-period EMA.
- Confirm the entry if the price is near a support level or breaking through a resistance level.
### 5. Sell Signals
- When the 9-period EMA crosses below the 20-period EMA.
- Confirm the exit if the price is near a resistance level or breaking through a support level.
### 6. Risk Management
- Use appropriate stops below identified supports for buy operations.
- Use appropriate stops above identified resistances for sell operations.
### 7. Validating the Trend
- Check if the trend is validated by other technical indicators, such as the Relative Strength Index (RSI) or Volume.
### Conclusion
This strategy uses the combination of exponential moving averages and support and resistance levels to identify continuity points in the market trend. It is crucial to confirm the signals with other technical analysis tools and maintain proper risk management to maximize results and minimize losses.
Implementing this approach can provide a clearer view of market movements and help make more informed trading decisions.
DE
HuD DE | TEHuD DE | TE Expert is a combination of two indicators.
1. DE or Deviation Expert
DE is based on ema5 and ema20. This MA algorithm is to filter signals such as trend and convergence/divergence. It is represented by HA Candles.
There are 4 signals to assist traders in making decisions
i. Golden Cross = possible entry point ( Green Triangle )
ii. Death Cross = possible exit point ( Red Triangle )
iii. Cross Up Level 0 = look for Buy opportunity ( Green Diamond )
iv. Cross Down Level 0 = look for Sell opportunity ( Red Diamond )
There are also ema lines to monitor the movement of current candle movement.
2. TE or Trend Expert
TE is based on ema5 movement to assist traders to see the overall trend of chart movement.
The movement is represented by HA Candles.
There are 4 ema's lines to monitor HA Candles movements.
This lines act as support / resistance which can assist traders to see the current trend of the chart.
For example, if line is green ( Uptend) and the next candle drop below the first green ema lines, next line (ema10) acts as support.
If next candle breaks ema10, we can consider making an exit plan. Or for swing traders, they can consider waiting until candle drop below ema50 ( purple line ) before deciding to exit.
Note: This indicator setting only suitable for Bursa Malaysia market.
Calculadora de Lote SL y TP Editado Adolfo MezaEste Script lo he editado para Adaptarlo al Español y he hice unos pequeños cambios
Rejection candle - Vela de rechazoComposed by :
- Stochastic (14,3,3)
- Stochastic RSI (14,14,3,3)
- Stochastic RSI (6,6,3,3)
- Stochastic DMI (10, 3)
This is best used in conjunction with:
- Bullinger's band
- Dynamic support and resistance
We expect the following conditions:
- when all the stoch are overbought or overbought, they operate against the trend (backwards)
- When Bollinger bands are broken
- When the candle closes near a strong support or resistance
It is called a rejection candle, and it is operated against. At the same temporality in which the graph is observed
