| StockFetcher Forums · Filter Exchange · EMA(25) with NVI and PVI | << >>Post Follow-up |
| snappyfrog 749 posts msg #158493 - Ignore snappyfrog modified |
2/1/2022 7:20:05 AM Always being one to play with different combinations of indicators on swing setups, the early morning is a quiet time to ponder situations such as this. I am looking at the Weekly EMA(5) plotted on a daily chart, therefore; plotted as EMA(25). So, when close has crossed above the EMA(25), we know that we have a possible start to an uptrend move. Adding the NVI (negative volume index) and PVI (positive volume index), I am looking for each of these indicators to be higher than they were 5 days ago. So, with a possible uptrend move, along with Institutional traders (NVI) and Retail traders (PVI) supporting the move, I am looking at the first signal after a downtrend. You can look at "historical" on any chart to see what I mean by the 1st signal. Anyone want to add to this or suggestions? |
| snappyfrog 749 posts msg #158494 - Ignore snappyfrog |
2/1/2022 7:25:49 AM |
| xarlor 619 posts msg #158497 - Ignore xarlor |
2/1/2022 8:52:32 AM I like your pre-market musings, snappy! After reviewing several charts with your filter, one big question jumped out. What's a good exit strategy that gets us out of false signals or takes profits off the table? I decided on "When 2 of the 3 conditions are false, exit." Below is the visualization of your entry and my exit. |
| snappyfrog 749 posts msg #158502 - Ignore snappyfrog |
2/1/2022 7:11:51 PM Unfortunately, I can't see the advanced subscription. I presently use a trailing stop loss for protection. |
| snappyfrog 749 posts msg #158503 - Ignore snappyfrog |
2/1/2022 7:16:49 PM Maybe, |
| snappyfrog 749 posts msg #158510 - Ignore snappyfrog |
2/2/2022 5:58:31 AM I really don't like using the EMA, NVI and PVI to determine the exit point. My preference would be a standard ATR stop loss or a trailing stop loss using an EMA of about 1/2 of the EMA used for entry. In this case, since the EMA(25) is used as an entry, I would use a CLOSE BELOW the EMA(13) or less as an exit strategy. |
| StockFetcher Forums · Filter Exchange · EMA(25) with NVI and PVI | << >>Post Follow-up |