Good day forum members, I am a newbie and is just wondering which best to use as my trend following indicator. Currently, I am using Huck’s Trend Catcher setting ( 5EMA and 10EMA ) How about you guys? What do you prefer for intraday MA settings? Thanks and happy trading!
You’re going to get as many answers as there is stars in the sky. opinions on which moving average is better are like rear ends; everybody has one. It depends on type of trading you’re doing. I use a 5 period and 3 period simple MA to give me entry and exit points when I’m scalping or inconjunction with other indicators when day trading. I use a 50 SMA to see what short term ranges are. Day trading I use a 100 period SMA to look for trends on longer time frames. I know traders who do the same thing as me with same type of trading but instead of 5&3 they use 9/4.What I did is wade through all the opinions and used the one closest to what type of trading I was doing and then tweaked for my trade plan.
5M chart, Daily Higher or lower then 1 day back,
5-3-3 stoch signal for tops and bottoms, divergence since last turn
25 LWMA For scalping, EMA for the Bounce
Last 2 Fractals as S/R on each ( highs and Lows)
http://forums.babypips.com/forextown/55157-moving-average-do-you-prefer.html#post509058
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