Harapa wrote:
This one is plotted on hourly chart, just like yours. But I can produce this on any time frame.
May be you want to tell folks here the settings of your secret indicator;I don't want to disclose your secret
I run it on the hourly with a period of 20 intervals for the EMA and SMA - secret is out.
Last edited by Out of Bounds on Wed Mar 06, 2013 4:38 pm, edited 1 time in total.
possible target. not sure as 21 min to close. also if bears can only hit the target, then the chart still is bullish.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Out of Bounds wrote:
I run it on the hourly with a period of 20 intervals for the EMA and SMA of what?"- secret is out.
20 hourly interval of SMA and EMA. So on Hourly chart set ema 20 sma 20.
I am not sure what you mean?
Is this indicator a plot of difference of 20 EMA and SMA of closing price on hourly chart or indicator is derived using 20 EMA/SMA of some other parameter that you don't know.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
Out of Bounds wrote:
I run it on the hourly with a period of 20 intervals for the EMA and SMA of what?"- secret is out.
20 hourly interval of SMA and EMA. So on Hourly chart set ema 20 sma 20.
I am not sure what you mean?
Is this indicator a plot of difference of 20 EMA and SMA of closing price on hourly chart or indicator is derived using 20 EMA/SMA of some other parameter that you don't know.
You got it right the first time. Closing price of the hourly interval using EmA and SMA for 20 intervals. EMA value (for 20 intervals) - SMA value (for 20 intervals) = snogginhosh. When Snog turns, so should market trend.
Out of Bounds wrote:
I run it on the hourly with a period of 20 intervals for the EMA and SMA of what?"- secret is out.
20 hourly interval of SMA and EMA. So on Hourly chart set ema 20 sma 20.
I am not sure what you mean?
Is this indicator a plot of difference of 20 EMA and SMA of closing price on hourly chart or indicator is derived using 20 EMA/SMA of some other parameter that you don't know.
You got it right the first time. Closing price of the hourly interval using EmA and SMA for 20 intervals. EMA value (for 20 intervals) - SMA value (for 20 intervals) = snogginhosh. When Snog turns, so should market trend.
to be clearer (i'm sorry if i am cloudy with my description):
Out of Bounds wrote:
to be clearer (i'm sorry if i am cloudy with my description):
Hourly chart
20EMA - 20SMA
I hope that helped.
Thanks. This is good. You must have some other filter to use with this since this will produce lots of false signals.
Surprisingly, no. The thing is simple and it works very well. Is it perfect, no. Is it reliable, yes. The more I keep track of it, the more i realize that when I run counter to it, I lose.