Refer to this post :
I said "I will wait for a little retracement and based on that fractal (high)"
What I love about Ripster EMA Clouds indicator is that I can customise the 5EMA to different colour. If price retraces down, I could see 5EMA turned to red. Now, generally I do not need an indicator to tell me if price have formed a fractal but since I used 5EMA to confirm my entry (close above filter line) then whats the harm.
Price have traded above the EMA cloud and have formed a tiny retracement, enough to form a nice fractal, in which I have placed a filter line above the high of a fractal
I will buy when 5EMA crosses up and closes above the Filter Line.
I said "I will wait for a little retracement and based on that fractal (high)"
What I love about Ripster EMA Clouds indicator is that I can customise the 5EMA to different colour. If price retraces down, I could see 5EMA turned to red. Now, generally I do not need an indicator to tell me if price have formed a fractal but since I used 5EMA to confirm my entry (close above filter line) then whats the harm.
Price have traded above the EMA cloud and have formed a tiny retracement, enough to form a nice fractal, in which I have placed a filter line above the high of a fractal
I will buy when 5EMA crosses up and closes above the Filter Line.
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