This indicator is exactly as it sounds, a smoothed triple EMA . In my personal use, it is applied to strategies to indicate direction of entries. A simple example would be if price is above the STEMA, look for long entries, if price is below the STEMA, look for short entries. Shortly, I will share a strategy that makes use of this indicator. You are welcome to message me if you have any questions. Thanks for checking it out an may the probabilities be with you!
Hi, thanks for this indicator.. works perfectly (if u know the correct input)..
I was looking for something like this.. just wanted to ask you one thing is there a way to use multi time frame STEMA on a single chart??
aFastHero
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@Farhan_Parvez5, thank you for the excellent question! Multi-tf would be fantastic. I have had a little luck in the past, so I'm sure it is possible to an extent. I will have to do some digging to see how that can be achieved.
Farhan_Parvez5
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@aFastHero, Yes.. that would be fantastic to use, hopefully you will get it done :) pls do let me know if you get it done.. and if it is possible add alerts and Buy/Sell labels. Thanks for your work 👍
I was looking for something like this.. just wanted to ask you one thing is there a way to use multi time frame STEMA on a single chart??