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Importance of EMA 17 (Weekly) |
ConMan
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Joined: 06 Aug 2008
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hansraj456
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Post: #2  Posted: Sun Jan 17, 2010 6:17 am Post subject: |
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Hi QGM
It works in a similar manner with 89 ema on daily charts. I use 89 ema to assess long term trend of nifty.
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RAJASIMHAN
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Joined: 15 Mar 2009
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| Post: #3 Posted: Sun Jan 17, 2010 7:55 am Post subject: |
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Hi QGM,
Can we take position on Nifty-1M based on this EMA.
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Ravi_S
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Joined: 15 Jun 2009
Posts: 569
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| Post: #4 Posted: Sun Jan 17, 2010 8:46 pm Post subject: Re: Importance of EMA 17 (Weekly) |
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QGM
It should be 11 - 15 weeks I think and not 11 - 15 days...
Regards
Ravi
| QuickGMurugun wrote: | Dear All
Observed an interesting thing on Nifty-1m Weekly.
Nifty travels all the way towards EMA 17 once in between 11-15 days. This can help us give idea on the trend.
Hope this makes sense.
QGM  |
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ConMan
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| Post: #5 Posted: Sun Jan 17, 2010 10:39 pm Post subject: |
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Ravi
True....11-15 weeks....we can try the same on daily as well....lemme check 89 EMA
QGM
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ConMan
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| Post: #6 Posted: Sun Jan 17, 2010 10:41 pm Post subject: |
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Rajasimhan
This is definately a good trend indicator and can help you in taking positions...combine the same with any other momentum based indicator
QGM
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sandew
White Belt
Joined: 02 Feb 2009
Posts: 174
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| Post: #7 Posted: Mon Jan 18, 2010 10:30 am Post subject: |
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17 ema on weekly corresponds to 85 ema on daily (17 times 5 trading days).
Has anyone checked whether 16 week is more better or 18. Beyond that we are repeating Bollinger Band standard 20,2 set-up.
Still, a Thank You for the insight.
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