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Originally Posted by ycomp
Hi,
what's the best MA Cross Indicator with Alerts?
by best, I mean reliable.
I just need it for 2 MAs crossing.
Also are there any MA cross indicator w/Alerts that let you specify the type (SMA, EMA, etc.) of each MA?
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Hello ycomp,
I tried many MA cross..and nothing work good.. since it is all delayed.
after doing lot of observation of price action, i finally come up with below setup. use Simple moving average as Support and Resistance.
if you observe price action on this setup....you will be surprise....
observing price pattern is very important. since price is the number one indicator, price pattern formation is important. also observing currency co-relation is important.
regarding which time frame to be used. we have been told as do not go below 1Hr Chart....Is it True or missleading ?... when price moves it moves within 1Min and moves several pips within 15min and then we keep looking and price moves far away within 1Hr....then question comes as who are the smart people who buy at bottom of the move ? did they check 1Hr Candle completion for conformation ? what they are observing ? and on which time frame ?.
Below is my Setup. you can try it.
Setup.
Chart 5Min Chart. with following Simple Moving Average.
SMA 2400 Close Represent 4Hr Timeframe Res/Sup
SMA 600 Close Represent 1Hr Timeframe Res/Sup
SMA 300 Close Represent 30Min Timeframe Res/Sup
SMA 150 Close Represent 15Min Timeframe Res/Sup
SMA 50 Close Represent 5Min Timeframe Res/Sup
SMA 5 Close Represent Current direction.
observe price patern.
in addition you can use Daily pivotes points. and 4Hr pivote points.
Observe how price react after touching SMA.
Use SMA as suport and resistance... Same setup works with 1Min Chart.
I am attaching Chart for sample.
Happy Trading
Ramdas