Trading with Microsoft Excel (Using 35 minute data or 12 bars a day).
End of Day January 7, 2022
The Daryl Guppy Multiple Moving Averages (GMMAs) give us a first look at the trend today.
At the far right above, the red dots (downward momentum) are BELOW the blue lines and BELOW the red lines, meaning an DOWNWARD TREND.
BELOW: Another example of a trend indicator that we use is the 29 bar s.m.a. of the close (red line below) . The second red line is the same moving average but smoothed.
The Army Green below is the Halfway Line (half way between the 3 day High and the 3 day Low). It is shown with the 29 period s.m.a. of the close and its smoothed self both as red lines. The Halfway line is an excellent trend indicator, and is a good trade signal as well. We use it along with the 2 red lines as enhanced trend indication!
Lastly, we present (below) a bit more complicated chart, which uses EMA Waves (exponential moving averages of the High, Low, and Close). We use the 29 period e.m.a. of the High, Low and Close as our default. (Raghee Horner, who originated these, uses the 34 e.m.a. of the High, Low, and Close.)
Please see our POST about the EMA Wave (with free Excel download) in the archives.
Please see our Post about EMA Waves in our Archives. There is a free download of a macro-free, no VBA Excel Spreadsheet available also.
SO, WHAT IS THE EMINI TREND TODAY?
CONCLUSION: the trend is DOWN at the end of the Day, January 7, 2022.
As you can see, we have found that using Microsoft Excel is accurate, fun, and profitable! We hope you enjoy our colorful charts, which make VISUAL TRADING so much easier.
Good luck with your trading!
contact us at:
therivertradingsystem@gmail.com
eminiways 