EMAs are commonly used in conjunction with other indicators to confirm significant market moves and to gauge their validity. For traders who trade intraday and fast-moving markets, the EMA is more applicable. Quite often traders use EMAs to determine a trading bias. For example, if an EMA on a daily chart shows a strong upward trend, an intraday trader’s strategy may be to trade only from the long side on an intraday chart.
There is not much different to use 9 & 20 EMA instead of 8 & 20 EMA. But there is a lot different by using 20 & 50 EMA, or 50 & 200 EMA. I know you understand what is a "golden cross" and what is a "death cross". In my point of view, they are just some names to control amateurs mind. Amateurs will be scared when there is a death cross happened on a market.
In this example, I compare two stocks by using 8 & 20 EMA and simple candlestick patterns to spot entry and exit positions. In the next example, I will use 20 & 50 EMA. You will see the difference.
There is not much different to use 9 & 20 EMA instead of 8 & 20 EMA. But there is a lot different by using 20 & 50 EMA, or 50 & 200 EMA. I know you understand what is a "golden cross" and what is a "death cross". In my point of view, they are just some names to control amateurs mind. Amateurs will be scared when there is a death cross happened on a market.
In this example, I compare two stocks by using 8 & 20 EMA and simple candlestick patterns to spot entry and exit positions. In the next example, I will use 20 & 50 EMA. You will see the difference.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.