EMA_Music_Stave_BY_COWBEARCAR, as you see the graph,
EMA7 & the color of calculated line (2*EMA4 - EMA10) or (2*EMA7 - EMA20) always touch candle High/Low.
Using large period, over 15mins up to season, you will get the most go High/Low at all.
Best graph will be Week chart, you can test on HSI week charts with my indicator.
To here, I would ask anyone help to revise my coding to give arrows on Pivot,
just check out any of calculated line (2*EMA7 - EMA38).
As you see, the 3 calculated lines go along and NOT show any /\ , Don't bear.
For day trade, if Candle stand at EMA7, get Entry, when Candle near calculated line and seem got resist, exit.
You will wonder this EMA_Music_Stave help you a lot, beat it like playing music.
For other indicator using divergence, drop them all.
Currently, I suggest Fisher Transform to you, It works simple, Go Up Green up, Go Down Green down,
The cross tell you to do right action. Fisher catch better than other indicators.
I really test over 2000+ indicators and point out Fisher is the best best one indicator from others.
If you use MT4, find Fisher Yurik indicator to use.
Finally, I would like to introduce Classic BB with DMI together.
Most people drop BB because their donno when the band can give support or resist,
I can tell you less than 5% of traders find the truth before their lives on BB go along or stop-reverse when meet upper/lower bands.
Well, the truth is simple again.
When meet upper/lower band of BB, Take a look on (Brown line at bottom indicator).
If look upwards, the band is NOT exist, the trend go along even below 25.
Whereas if look downwards, the trend end and reverse.
Then, when will the trend end?
just wait the reverse from look upwards to look downwards. (High of ).
But standard DMI(14) is the virtual indicator of (50), thus people hate it lag to show the .
That's why I put is at bottom on indicator.
If you know the truth, trade make simple, entry when go across the middle line of BB (SMA20).
Take a look on whether exit on Upper/lower bands, or to wait the look downwards to exit.
You will get great long trend to eat.
You can back-test on BB with DMI pair up on any graph you like, because it is the truth on trend along or reverse.
If you look at the indicators I use, all indicators still in , you will find out still get high chance go upwards.
Therefore, for those indicators ask to do bear, drop them all, really hurt you at all.
Great test to kick out rubbish indicators which give you fault signals.