Breakout Strategy EMAs Recommendation?

Hello,

This is a great forum.

Please see attachment.

Any ideas on an ema(s) I can use on 3 min chart so I can identify trend for my breakout strategy?

Does a trader just try all emas combinations to see what work? Manual Backtesting this can take forever.

If not, I will test a 10,20,50, and 100 ema to get the trend right before taking any breakout trades.

Well, i been discretionary trading breakout strategy lately with some success (paper trading) with my resistance and support lines, with no indicators. I define trend by just looking at the price direction with my eyes intraday trading every morning.

If price is going up, get long on the next resistance breakout, price going short, get short on the next support breakout.

Well, now I want to program and validate my strategy and back test it over +10 years historical data, but I have no way to logically/mathematically identify trend to program it. I can't program my eyes.

I guess if I program the strategy I can try many different EMAs combinations during automated backtesting. Maybe I need to learn to program my strategy(s) for faster backtesting.

Thanks,

Try the MA_in_Color attached and set it to 35/3 and then please post the chart here so we can see how it looks.

The 3 setting is LWMA but please try it and post

The 2 setting is the EMA...and post that chart too so we can see the difference

Let us know which one looks the best to you

Thank you hards for responding to me,

I am using think or swim chart.

Do I add the file as a study? How do I add your attachment to the chart?

Thanks,

Sorry, can not help you. The indicator is built for MT4. You will discover hundreds of indicators here at Forex Factory and my guess is you won't fine many if any for Think or Swim.

Try this

Google: Think or swim + Ma in Color indicator

Thank you hards for response,

Yes, I agree. Think or Swim, I am slowly moving away from for TradeStation or NinjaTrader or MT4.

Thanks for your help.

General curiosity - came across ....

https://tickertape.tdameritrade.com/...dicator-102456

http://www.thinkscripter.com/community/index.php

https://tlc.thinkorswim.com/center/c...exporting.html