Which Exponential moving Average is best for swing trading? 5,8,13 days with 4 hour charts settings or any other EMA?
I’m using 50 EMA for swing trading…stocks gets supports on 50 EMA…price touch 50 ema close above 50 ema…
I think you should understand the logic behind using a particular time period for an EMA. The question that you should ask yourself is what time frame’s trend do you want to measure? if you want to measure the past one week’s then use a time period of 5-days, assuming your data has an interval of a day. Likewise, if you want to measure for a month then use 20-days, else use 250 if it is yearly or 60 if it is quarterly.
The periods 3,5,8 and 13 are Fibonacci numbers, not much fundamental relation to data. But, useful nevertheless.
What period shud be set in offset column and what is underlay to tick or not while setting up exponential moving average
Ma(20,ema,0,n) option is show after setting up exponential moving average.
Please suggest me is it right setting for exponential moving average???
i am using below setting with 1 month chart data with 4 hour Candle.
MA(13,ema,0,y)
MA(8,ema,0,y)
MA(5,ema,0,y)
this setting ok for swing trading or Only 50 EMA is better then this setting, should we add more indicator in this?
Seems right to me.