Dual Timeframe SMA Ribbon Crossover

3 thg 4, 2018

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 [url=f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf ]f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.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