This Strategy provides the Demark 9 indicator and EMA50 combined.
It opens only long positions. The ideal timeframe for this scalp strategy is 5 minutes on low price stocks with momentum and volume .
- "Demark9 shows tops and bottoms of the market, before a price reversion."
The components are:
- EMA50: Exponential moving average (EMA50)
Following Trends and Finding Divergences
Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences.
Built Best for 1H to 10 Min Charting
A simple indicator that display the 50, 100, and 200 Daily SMA. It will always display the DAILY 50,100, 200, regardless of the time frame you are looking at. Makes it easy to quickly display these key averages while also looking at smaller timeframes like 1H candles.