Exponential moving average is one of the best indicator for giving perfect trades. Its more good when trading to use better indicators and also doing proper analysis.
I will say that 50% of your trade must be helpful of indicators and 50% your analysis. If both are combined together then most of the trades will be successful.
One of the best indicator which I will discuss today is EMA. You can use this indicator in any of the exchange and also trading view.
The simple setting of EMA is to set at 8. After doing that keep on checking the trend of the market. If its bullish go and take long trades if bearish take short trades with the help of indicator.
Whenever a large candle is made below or above the EMA line then it will be the best trading short.
You simple wait for the candle to be closed and once it goes below or above the EMA take long or short trade. This will help you get profitable trades.
Also when you see the EMA line is above or below the candle it will be the good time for trade.
Whenever EMA line is below the candles its time for bullish move and whenever the EMA line is above the candles it will be time for bearish move.
What do you people know about EMA indicator? Will you agree with my trading way? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM TRADINGVIEW
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