I& #39;ve begun to incorporate @saxena_puru & #39;s often mentioned 5ema-10ema indicators into my individual charts.
I know he uses $IWO and the MA& #39;s as a general indicator of the trend as well.
But this simple 5>10 can help keep you in a growth trend in volatile names. For example:
I know he uses $IWO and the MA& #39;s as a general indicator of the trend as well.
But this simple 5>10 can help keep you in a growth trend in volatile names. For example:
$LVGO, which I& #39;ve been part of thanks to @cperruna and him making me aware of this name in February, has been quite a ride.
Here& #39;s a daily chart with the 5/10ema& #39;s and not once since late-march has the 5 crossed below the 10.
Here& #39;s a daily chart with the 5/10ema& #39;s and not once since late-march has the 5 crossed below the 10.
Despite the volatility and pullbacks, using this simple metric would have kept you in the trade the whole time.
Conversely, a software name I like, $PAYC, had it& #39;s 5/10 cross down and should keep me out of this name until the trend corrects.
Conversely, a software name I like, $PAYC, had it& #39;s 5/10 cross down and should keep me out of this name until the trend corrects.