Coinbase Pro - Bitfinex - Binance - Kraken.Separate threads about exchange issues will be removed. Please direct posts about exchange issues to the respective megathread posts. Please do your own research before selecting an exchange. This list does not constitute an endorsement by /r/BitcoinMarkets. Holding above would be a cross below an MA then a cross back above that MA without crossing below a secondary MA. Posts that are solely comprised of memes, irrelevant youtube videos or similarĬalling out other users for breaking our rules is not allowed.Īny affiliation with an exchange, product or service that's being discussed I am trying to understand how to code a label that would count the number of times price 'holds' above a moving average. It seems like an extremely simple indicator, but could be very consistent and great for quick scalps.You are expected to treat everyone with a certain level of respectĪltcoin discussion should be directed to our Slack Group or the appropriate subreddit As of July 8, 2020, it was still above the 21-day exponential moving average, marking a new closing high at 124.46. I’m interested to see others thoughts on this. Had I had enough buying power to enter when I first saw this, my max gain would have been almost $350%. I saw this again at the end of the day and it “ping ponged” on the 5 minute chart, into a “ping pong” on the 15 minute chart before its huge launch upwards during power hour. I used this strategy this morning at the open watching the 15 min chart, as it was doing exactly this indicating a downward move and gave me a very good gain. I’ve noticed some fake outs but these look to happen when the price action is not limiting itself to trading within the two EMA’s. This appears to be very consistent in looking at previous SPY trading days and looks effective on these time frames. After it has bounced around a bit, I’ve noticed it tends to break upward a significant amount, easily enough for 10-20%+ option gains.ĭownward: Exact same as upward, but switching the 8 and 20 EMA where the 8 EMA is moving above the 20, and breaks hard downward. Upward: 8 EMA moving under the 20 EMA, price action enters between these lines and “ping pongs” between the two for 2-4+ candles. Code: def EMA ExpAverage (close, 21) plot scan between (close, EMA-0.50, EMA+0.50) 0. That said, assume you want to scan for stocks with a price within 0.50 of say the 21 EMA. It is two fold in tracking upward and downward moving price action: You really need to define 'very close' because different traders have different interpretations of what 'very close' means to them. The strategy is tracking price action and it’s relationship to the 8 and 20 EMA’s. I have been using the 5, 15 and 1 hour charts for this and it seems effective on all and can actually build into higher level time frames. I’ve been tracking a strategy that has seemed to be pretty consistent and effective. r/PriceActionTrading - Discussing price action trading.visit each related community on Reddit and join their discord chat too!.If you're trying to be an asshole, it's probably because you're raging from a loss, stop and deal with your issues or ask for help instead of taking it out on other people. No spamming, selling, or promoting do that with Reddit advertising here! Content creators must follow these guidelines if they want to post here.ĭon't be an asshole: You can provide constrictive criticism, but outright being an asshole doesn't belong here. Stay on topic: No content unrelated to Daytradingĭon't glorify losses or post wins without context details here. Posting & commenting requirements: Three (3) day old accounts and minimum 10 comment karma also follow the rules below: Subreddit Rules If you're new to day trading, please see the getting started wiki.
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