A swing strategy based on 4 EMAs (8, 13, 21 and 55) developed by Philakone with a nice succes rate on +2h charts
I tried to make it more friendly for the eye and easier to use
What i added: ***the ability to change from EMA to MA ***arrows for a better view for entries/longs and exits/shorts
***colors to determine the trend/entries and exits/longs and shorts
***targets (%) for take profit and Stop Loss (all marked with dots)
***alerts for all of above
Enter long when color between fastest line and slowest line turns green or when green arrow shows up Enter short when color between fastest line and slowest line turns red or when red arrow shows up
hm i found one 3h strategy based on a cross between 8 and 55 and some use a cross betwenn 21 and 55. so which one to go? or is this especially good for 2h and the 8 / 55 for 3?
miaomiao18
⋅
Hi Zekis, Thanks for sharing this great indicator!
Can you please do some change, so that in spite of current default setting, users can
1) type which MA/EMA(numbers) they want to use. - people may favor other MA numbers in different market and TF over ema/ma55 as fixed)
2) use close price for singals (when a candle's close price breakout previous swing high(candle's highest high)
3) set target 1,2,3 by pips (coz on forex trading, people mostly count on pips gain instead of % as profit target)
Thanks!
UnheardSheep
⋅
@zekis Are you granting permission to this indicator? I would love to give it a try.
edward_Z
⋅
@DarvellBrown, Hi, it's free to use, add it to the favorites and use it :)
Imperial_Peak
⋅
how do you find this strategy now? does it still hold up well?
edward_Z
⋅
@pizzeriacomboss, I do not trade with it, but Philakone post on his youtube channel frequently this strategy