I think he is talking about a normal chart .. check out below what happened with AU when wma 12 and the 3 & 5 emas converged, then the 2 fast ones took off to the upside, and later to the downside.
Interesting...
Interesting...
DislikedHi gutek04,
Now I understand why you made the claim about the EMA cross.
It is because you are basing the EMAs on the Renko bars. This, of course tends to smooth the signal (in addition to soemtimes being faster - than large time-based bars).
It is because of this extra smoothing for using the Renko bars that the Trix signals are comparatively later (because Trix intorduces more smoothing that the Renko bars don't require).
Thus for those of us using normal time bars ( or HA bars) I think it is still best to use WMA, TM and Trix.
Ian
P.S....Ignored
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I'd rather make money than be right.