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Supported Platforms: | TradeStation, Multicharts |
| Market: | All (Stock, Futures, Forex, Options) | |
| Time Frame: | Any ( Minute, Daily, Weekly, Tick ) | |
| Trading Style: | Swing, Bounce, Pullbacks | |
| Licence: | Lifetime |
The Dual EMA Package, consists from 2 indicators:
Dual EMA: This indicator plots our Special Exponential moving Averages
Dual EMA Diff : This indicator, is placed below the chart and plotד the histogram representing the difference between the 2 Moving Averages.
What can I do with the Dual EMA Package
This is a great indicator that can be used in numerous ways, we will discuss 2 of them. The Dual EMA indicator consists of 2 special Exponential Moving Averages, one Fast and one Slow. When these 2 are put together they do a great job identifying trends . The Slower MA gives you the over all direction of the market, Bullish, Bearish or Side ways, while the Faster MA will help you identify the place you need to get into the trade. We recommend to get into a trend at the first or second pullback after the trend has established.
AAPL 30 Min Chart. Notice the color changed when the indicator is going up or down. The Slow EMA gives you the overall picture of the Trend, a clear Bullish trend. While the Fast EMA, also gives you a confirmation of the trend when it agrees with the slow average, and it also allows you to catch these great pullback, waiting for exactly the right moment to get in.
AAPL 30 Min Chart. Notice the Slow EMA is steadily going up indicating a Bullish Trend, the Fast EMA is also going up, then it starts going down indicating a pullback or reversal, after which it turns back up, confirming the pullback this is the spot we want, here we go LONG.
Now Lets Add the Dual EMA Diff indicator
This indicator plots the histogram that represents the distance between the fast and slow MA. It is color coded for ease of use Green Fast above Slow, Red Fast below Slow.
A lot of times while the slow is going up, we want the fast to pull down and get close to it, this is indicated by the histogram getting closer to zero, and then have the fast bounce back up for a nice move. When using such an approach we recommend to have the Fast EMA Length at 2-6 and the Slow EMA Length at 34.
HT 60 Min Chart. Notice the 4 different colors of the Histogram. Green indicates that the Fast EMA is above the Slow EMA. Red indicates that the Fast EMA is below the Slow EMA.
Light Green – the histogram is positive and moving up.
Dark Green – the histogram is positive and moving down.
Light Red – the histogram is negative and moving down.
Dark Red – the histogram is negative and moving up.
GBPUSD 60 Min Chart:
- The slow EMA is moving up, bullish trend.
- The fast EMA is also moving up.
- The fast EMA is pulling down toward the slow EMA.
- The Histogram is getting closer to zero and might even go a bit under zero. The fast EMA turn back up and a green bar has closed on the chart. This is a great entry point.
The move we except is about 4 – 10 bars so keep a tight trailing stop. The higher the time frame the more significant the move is. You want the price to get close to the EMA 34 in can cross it down but not by too much, it is also important that the Histogram was relatively large before puling toward zero.
- The package comes with both the Dual EMA and the Dual EMA Diff indicators
- Adjustable Length for the Fast and Slow EMA.
- Works on Minute, Daily and Tick Charts.
- Colorful and easy to understand Histogram.
Buy a Lifetime Licence for the Dual EMA Package:
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Please note that we can also modify this indicator to your specific needs for example:
• Adding Alerts, and Emails with specific user defined code Get a quote on custom indicator coding here >> |
After purchase, the code will be sent to your email with instructions on how to install & use it.It usually takes us 48 to send the product.
Secure Purchase: You will be transferred to a secure purchase page, we are using paypal as our third party checkout. the purchase page will look like this:
