50 & 55 EMA Cloud

2019년 6월 5일

After testing thousands of indicators over the years, this simple EMA cloud indicator that I built is still my main weapon. It's always the first one I add to a blank charts and that is not going to change anytime soon.

I find EMAs and MAs are such underrated tools, By observing the price action surrounding these, I can see straight away if it's a good time to get into a trade or not.

As seen here, I also use the 200MA along with the 50/55EMA cloud to find extra strong support and resistances. If price starts to reject both the cloud and the 200MA at the same time/level, then it's a very good indication the price is going to make a big move in that direction as seen here in this chart.