Moving average is very effective in Stock market and in this strategy we have used 21 moving average with Awesome Oscillator. Both indicators indicate about market trend and help to identify trend direction easily. In this strategy, you will learn how can you find trading signals using 21 EMA(exponential moving average) and Awesome Indicator. This strategy can be used for both scalping and intraday.
Required Indicators
1. 21 EMA (put value 21)
2. Awesome Indicator
Buy Setup Rules
* First market price needs to cross 21 EMA from lower to upper.
* When 21 EMA upside breakout complete, then look at Awesome indicator
* At the same time, if Awesome Indicator stay above 0.0 level, then open buy entry.
* Set Stop Loss 3%.
* First market price needs to cross 21 EMA from lower to upper.
* When 21 EMA upside breakout complete, then look at Awesome indicator
* At the same time, if Awesome Indicator stay above 0.0 level, then open buy entry.
* Set Stop Loss 3%.
* Set Taret Price 10%.
Timeframes: 15Min, 30Min, 1 Hour
Note: This is for the Momentum Stocks Only
Examples
ISM Communications (ISM)
Phinma Energy Corporation (PHEN)
Now Corporation (NOW)
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