Hey guys,
Alexander Elder mentioned in his book "Come into my trading room" about an EMA channel that is use to measure performance grade of a trader. I created 2 EMA for open and close set at period 4. Although it covered most of the candles but I wonder if it's the right way to do it. He also mentioned that the channel must cover "95%" of the prices but how do one measure the coverage in percentage?
Anyway actually created this channel to measure your performance grades? I don't trade indicators but PA btw.
Alexander Elder mentioned in his book "Come into my trading room" about an EMA channel that is use to measure performance grade of a trader. I created 2 EMA for open and close set at period 4. Although it covered most of the candles but I wonder if it's the right way to do it. He also mentioned that the channel must cover "95%" of the prices but how do one measure the coverage in percentage?
Anyway actually created this channel to measure your performance grades? I don't trade indicators but PA btw.
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