Green MA is Wilder's 5 MA
Yellow MA is Wilder's 8 MA
Red MA is Wilder's 13 MA Dark Orange is 50 EMA which basically keeps us in the Trade... as long as it has an upward tilt...the trend is intact....and also acts as a line for exiting if it flattens out or tilts down....!!!
Premise being that a Trend doesn't easily change it's course.....which is evident from the chart posted above....!!!
All three Wilder's MA are Fibonacci series numbers....!!!
Adds are after the 5th consecutive Green bar High...!!!
S/L s are moved a little lower than the Swing Low as one will notice from the chart.....!!!
I think that we should define some parameters for gauging "Upward Tilt", "Downward Tilt" and "Flattening". A visual estimation is going to be marred by the viewer's bias. Just my 2c.
I think that we should define some parameters for gauging "Upward Tilt", "Downward Tilt" and "Flattening". A visual estimation is going to be marred by the viewer's bias. Just my 2c.
Thanks for sharing!!
If this system supported by any indicator than it would be more effective.
Is there any reason for not adding indicator for this setup???
Thanks for sharing!!
If this system supported by any indicator than it would be more effective.
Is there any reason for not adding indicator for this setup???
This system itself is based on four indicators, three Wilders and one EMA. What indicator you want to support the system. Or is it that you don't know what an indicator is?
I think that we should define some parameters for gauging "Upward Tilt", "Downward Tilt" and "Flattening". A visual estimation is going to be marred by the viewer's bias. Just my 2c.
The system is still under development. There are a few things which are to be straightened out. For example, SG has said that he will define and illustrate the EMA50 direction using the clock positions. SG is doing it and when it is ready, it will be incorporated in the AFL and posted here. Meanwhile the charts/triggers as observed with the present AFL are being posted. Any deviations, errors, deficiencies observed may be posted here by all those who are following this thread. Any suggestions, feed back are also welcome to make the system more robust. Therefore, participation and contribution from all the interested members will be most welcome.