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rjthegreatxx

Dual Timeframe SMA Ribbon Crossover

rjthegreatxx  
Moving Averages sma ribbon
40
0
movingaverage sma ribbon
Copyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
see f.bpcdn.co/original/...4f67efb3d995dceb.pdf
For this method, low timeframe/high suitable timeframe pairs are:
  • 5min with 30min parent
  • 15min with 1hr parent
  • 30min with 4hr parent
  • 4hr with daily parent
  • daily with weekly parent
  • weekly with monthly parent
On lower timeframe chart - Plot of 2 smas length 6, 1 Offset
If smas cross - and bar crosses the sma convergence, and full body of bar crosses SMAs - then this is a buy or sell opportunity
For confirmation - on the higher timeframe chart, check if bar is above or below the smas for that day
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