DislikedNo, I don't thing a lot of it is coincidence at all. It goes to what emas are measuring. Think of it this way:
You can actually construct an ema using the same kind of bucketing we were just talking about, only instead of volume, add up "decaying" price. It's like if a price paint has a half-life. Then, every click of the clock, you decay all the previous instances of the shown price, and add the current shown price to the proper bucket.
So then, as you go, say, at 4415, you had 235 touches over the last 8 hours. But the decayed value...Ignored
It does.
Really, I look all smart n shit because I can post a chart and get the odd forecast...Yeah, so I can spot support and demand off the M1 charts...
Bottom line, I really don't know what a lot of this shit is and does, I just know what I am looking for and know when I have seen it...some of the issues of not having any formal study behind me...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!