2 Attachment(s)
MA Cross - A Different Concept!
As I talked about a moving average cross in different perspectives and circumstances ... here is a concept that is even finer and yet more accurate. In the picture below, it is used a 34 SMA and 3 SMMA cross ... if you put up ordinary moving averages on your chart with the same parameters and attach this indicator below in separate window you will see the difference how crosses can vary.
Even adding trendlines to the histogram of iMA evaluates the price action at its best. But what is mind boggling about his indicator is yet something else and I have been the most impressed by this specific performance of this indicator that I have not seen with any other tool with this ratio of precision.
Used with right tools, good entry signals, better sense of price action this indicator serves the trader so well ... that you can never miss a breakout. Divergence on this indicator is so swift, clear and always playing out true that it is almost amazing to watch this indicator in real time in real live and running market.
Here is the indicator attached and a picture to show a case of divergence at play. Let me know if I have left anything out.