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55 Ema
Quote:
The channel is 55 EMA with fibonacci levels
13,21,34,55,89,144,233,377
please show me how do you make 55 ema.In the indicator folder (not the custom indicator folder, but the one that comes with the software MT4) -- look for Moving Average
Open it -- choose Value 55, Expontential (this is an EMA - Expontential Moving Average) --
Choose the color and width you want.
Go to the levels tab on this indicator and add levels
13,21,34,55,89,144,233,377
then
-13, -21, -34, -55, -89, -144, -233, -377.
Save and you have it
Optional System from Kaveh
Kaveh asked me to post this chart today
He will be posting a document explaining this optional system which can be used in slow markets
All the best and have a nice weekend !!
Is it possible to make an indicator or put some code into an existing indicator like Fibo, that will calculate & show 'BUY/SELL ZONES' ?
Excellent recap of How To Find the Zone --
Thanks Fet0r
Fet0r: first you look for trend
determine it, if its up or down (from previous day)
now lets say trend is up like today
you take yesterday's us session high,
thats our SELL zone (1,2640-50)
now with buy zone, its more complicated
you take yesterday's US session low
and Asia's session LOW
Fet0r: substract asia low from us low
in our example its:
1,2592 - 1,2532
thats 60 pips, you devide by 2 this number
get half of it (30 pips today) and add it to yesterday's US session low
thats our BUY zone
its a bit complicated, but not hard if you practice on it a bit
So we get BUY zone = 1,2562 and SELL zone at 1,2650
Has anybody had time to do this Yet? please, please
Excellent recap of How To Find the Zone --
Thanks Fet0r
Fet0r: first you look for trend
determine it, if its up or down (from previous day)
now lets say trend is up like today
you take yesterday's us session high,
thats our SELL zone (1,2640-50)
now with buy zone, its more complicated
you take yesterday's US session low
and Asia's session LOW
Fet0r: substract asia low from us low
in our example its:
1,2592 - 1,2532
thats 60 pips, you devide by 2 this number
get half of it (30 pips today) and add it to yesterday's US session low
thats our BUY zone
its a bit complicated, but not hard if you practice on it a bit
So we get BUY zone = 1,2562 and SELL zone at 1,2650
Has anybody had time to do this Yet? please, pleaseOne more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?
One more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?
Oh OK thanks but I was really asking if there was an indicator available that calculates these Daily levels or if not, if someone could do one?
many thank Kiwigold
Template
Hi Kiwigold,
Would you please post your template.
Thanks
One more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?
Hi
%61.8 (1.2865-1.2479)=1.2630 here is buyzone and markets bounce from
this level very nice .
1.2630 is very strong level for lower if eur break this on monday az i told to
room 1.2450 my next target.
and if bounce from this level (1.2630) my next target is 1.2770(%23.6)
Kaveh
Hi
Please see chart too.
Kaveh
Hi
For GOLD postions see this charts too
BUY ZONE=$658.00 (%61.8) IF GOLD bounce at $658.00 my target for GOLD
6/8=$688.00
Only this trend revers that Fisher indicator break 1.7.
Kaveh