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Slope Question
in Scanning
Can Slope/EMA be used as a crossover scan like Stochastics...If so how would
it be reversed for EMA Crosses Slope. Thanks..
[Today's SLOPE(6) Crosses Today's EMA(2, SLOPE(6))]
it be reversed for EMA Crosses Slope. Thanks..
[Today's SLOPE(6) Crosses Today's EMA(2, SLOPE(6))]
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Best Answer
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markd
mod
The term on the left ALWAYS crosses ABOVE the term on the right.
Intuitively, we think the faster moving indicator is doing the crossing, but the scan engine doesn't "know" which is faster moving.
So, if you want slope crossing above its EMA, slope goes on the left (as you have it).
If you want the ema crossing above slope, you would put ema on the left, where slope is now.0