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The following 8 users say Thank You to kerandafx for this useful post.
I am eagerly waiting to see the reply and be informed. Originally Posted by boyler OK i will try this indicator Originally Posted by sadia1.
Originally Posted by salamander. Relly no repaint mr coffin? If not repaint can make us get profit. EJ scary pairs for me.
Because EJ sometimes volatile are very fast. I will try to know this indicator in demo, but from your experience how much stop loss that we need? Thank you very much sir for this indicator, it looks very good. I have downloaded it and have attached to my chart. I made some backtest and saw that the indicator is not repaint.
I integrated it in my trading strategy. Thank you and one more time. Thank you for sharing this indicator, I always look for non-repaint indicator for few months. I will try this indicator to make green pips in forex trading. For related information on moving averages, see " Exploring the Exponentially Weighted Moving Average. The theory here is that the trend is favorable when the day moving average is above the day average and unfavorable when the day is below the day.
As the chart shows, this combination does a good job of identifying the major trend of the market — at least most of the time. However, no matter what moving-average combination you choose to use, there will be whipsaws. The advantage of this combination is that it will react more quickly to changes in price trends than the previous pair. Many investors will proclaim a particular combination to be the best, but the reality is, there is no "best" moving average combination.
In the end, forex traders will benefit most by deciding what combination or combinations fits best with their time frames. From there, the trend — as shown by these indicators — should be used to tell traders if they should trade long or trade short; it should not be relied on to time entries and exits. For additional information, check out " Forex: Now we have a trend-following tool to tell us whether the major trend of a given currency pair is up or down.
But how reliable is that indicator? As mentioned earlier, trend-following tools are prone to being whipsawed. So it would be nice to have a way to gauge whether the current trend-following indicator is correct or not.
For this, we will employ a trend-confirmation tool. Much like a trend-following tool, a trend-confirmation tool may or may not be intended to generate specific buy and sell signals.
Instead, we are looking to see if the trend-following tool and the trend-confirmation tool agree. In essence, if both the trend-following tool and the trend-confirmation tool are bullish , then a trader can more confidently consider taking a long trade in the currency pair in question. Likewise, if both are bearish , then the trader can focus on finding an opportunity to sell short the pair in question.
One of the most popular — and useful — trend confirmation tools is known as the moving average convergence divergence MACD. This indicator first measures the difference between two exponentially smoothed moving averages. This difference is then smoothed and compared to a moving average of its own. When the current smoothed average is above its own moving average, then the histogram at the bottom of Figure 3 is positive and an uptrend is confirmed.
On the flip side, when the current smoothed average is below its moving average, then the histogram at the bottom of Figure 3 is negative and a downtrend is confirmed. In essence, when the trend-following moving average combination is bearish short-term average below long-term average and the MACD histogram is negative, then we have a confirmed downtrend.
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