EMA The EMA is very popular in virtual currency trading (BTC/USD).Exponential moving average (EMA) differs from a simple moving average (SMA) by a weighted average being given to recent price data. The EMA reacts much more quickly to recent price changes than the SMA does.
Trend Indicator Using daily chart, traders follow the 5-13 EMA. When the 5 is above the 13 EMA (green) the trend is strongly rooted bullish. When the 5 is below the 13 EMA (red) the trend is bearish. Blue crosses signal when a trend has changed.
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4 Hour Chart - more volatile, but quicker signals
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With any system it is impossible to eliminate false signals. However, you can reduce them by finding what intervals works best based on hourly-daily-weekly volatility.
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Waiting for confirmation is always better than attempting to picking exact bottoms or tops.
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01sasa10
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so are we still bearish? also how did you activate this indicator in tradingview please? there are many configurations for EMA. Thank you :)
QuantitativeExhaustion
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@01sasa10, Until a closed candle on the 4 hr shows the 5 EMA crosses 13 EMA then the bearish trade is still on.
If you want to activate an alert and receive an email, use the alert system 5 EMA crosses 13 EMA 4 hr chart. Act immediately when you receive an emailed alert via phone/computer.
QuantitativeExhaustion
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Comfortable trading
QuantitativeExhaustion
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Still not a crossover observed on 4 Hour Chart.
To help enhance visualization, you can bring forward TREND EMA indicator/chart overlay. This will help you better observe blue/red/green signals, Also, sending alerts to your email/phone is fastest way of knowing when a trend has changed. Simply add an alert 5 EMA crosses 13 EMA on 4 hour chart with signals ending at latest date possible.