repo32

EMA_Convergence

First I have to give kudos to my son who I asked to take a shot at creating this little indicator. Nice work son!

While trading, one of the things I look for is when price or certain EMA's approach another EMA . The example that I use on this 1 minute SPY chart is an 8 EMA and 20 EMA . I am looking for when the 8 and 20 are within' 3 cents of each other. Many times when they are getting close, price is approaching a top or bottom. I am looking for a candlestick reversal around that area. You may want to know when PRICE is near the 50 EMA: Use EMA 1 and 50 for that. Having it light up on top of the page, or elsewhere, makes it easier to look for the convergence when it occurs. If it lights up for a long period, price may be going sideways. I don't enter into a trade until the EMA starts separating, usually with another candlestick formation.
You are able to change the distance for convergence and two EMA's. Unfortunately you will have to adjust the convergence number up as you increase in time frames. This is designed to see when they are close, not when they cross.
The bars on top of this example are lit up purple due to the 8 and 20 EMA are within' 3 cents of each other.

If you want to overlay the price bars, instead of having it separate, just change overlay to "true"

Enjoy.

從常用腳本中移除 新增至常用腳本
// Created by Taylor N. 031315

study("EMA_Convergence", overlay=false)
Dist = input(.03, title="Maximum distance between EMA's for convergence")
ema1 = input(8, title="First EMA")
ema2 = input(20, title="Second EMA")
plot(ema(close,ema1) >= ema(close,ema2)-Dist and ema(close,ema1) <= ema(close,ema2)+Dist? close : na, title="Column signal for convergence", color = purple, style = columns, linewidth = 2)

評論

I want it sir
+1 回覆
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 推薦朋友 網站規則 幫助中心 網站 & 經紀商解決方案 小工具 圖表解決方案 輕量圖表庫 部落格 & 新聞 推特
概覽 個人資料設定 賬戶和賬單 推薦朋友 我的客服工單 幫助中心 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出