Hi,
I have been studying a book and the author explains a way of trading that I would like to copy. He uses the 200 and 50 EMA. So far I used the QQE and Stochastics to assist me with trading and they have been very helpful. Now I would like to switch to the 200 and 50 EMA to try out this new way of trading. I have some questions about setting these up though:
1. In this EMA, what does the 'shift' do for you?
and 2. when would you as a trader want to switch to exponential from smoothed, which one would be the most helpful?
1. If I want a 50 EMA and a 200 EMA, would I put those numbers in the 'levels' you see here. Or add two EMA's 50 & 200 separately and put '50' and '200' in the parameters? It makes the most sense to me that '50' and '200' are parameters and not levels. If that is the case, what do levels do for you than?
.
I have been studying a book and the author explains a way of trading that I would like to copy. He uses the 200 and 50 EMA. So far I used the QQE and Stochastics to assist me with trading and they have been very helpful. Now I would like to switch to the 200 and 50 EMA to try out this new way of trading. I have some questions about setting these up though:
http://i40.tinypic.com/ygjgl.jpg
1. In this EMA, what does the 'shift' do for you?
and 2. when would you as a trader want to switch to exponential from smoothed, which one would be the most helpful?
http://i39.tinypic.com/2zguv6c.jpg
1. If I want a 50 EMA and a 200 EMA, would I put those numbers in the 'levels' you see here. Or add two EMA's 50 & 200 separately and put '50' and '200' in the parameters? It makes the most sense to me that '50' and '200' are parameters and not levels. If that is the case, what do levels do for you than?
.
Argue for your limitations, and sure enough, they're yours. Richard Bach