Hi Friends
I want help on the concept of moving averages. I have made an EA and embed the concept of moving averages in it. when a slow moving average of 144 interval cuts the moving average of 5 interval from from bottom then its bearish trend. when the same 144 interval moving average cuts the 5 interval moving average from top then its a bullish trend. I have back tested the EA and it works fine. I want help in incorporating the slope of moving averages so that if the slope is steep then it will confirm the trend reversal. Coders and traders help needed in this regards.
I want help on the concept of moving averages. I have made an EA and embed the concept of moving averages in it. when a slow moving average of 144 interval cuts the moving average of 5 interval from from bottom then its bearish trend. when the same 144 interval moving average cuts the 5 interval moving average from top then its a bullish trend. I have back tested the EA and it works fine. I want help in incorporating the slope of moving averages so that if the slope is steep then it will confirm the trend reversal. Coders and traders help needed in this regards.