9/21/55 EMA
Exponential Moving Averages. Last 9, 21 and 55 periods.
Exponential Moving Averages. Last 9, 21 and 55 periods.
I use them in many timeframes, from scalping to swing trading. Very useful to identify trend. When the 21EMA (yellow) crosses the 55EMA (green) to the upside means that an uptrend is probably starting. On the other hand, if it is the other way around and the 21 crosses the 55 to the downside means that an downtrend is probably starting.
The 9EMA is not as good at the others but useful for finding short term bouce/rejections after a violent move. The space between this one and the other 2 becomes larger, so this is usually a first point of reaction when price action reach it. This is even more powerfull on the first touch of the 55EMA after cross down/up when there is big gap between PA and the 55EMA + low reads on BBWP.
Link to indicator on TradingView:
