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I downloaded the 60 min EMA indicator that Al created, but no luck installing it, so I use the 200 EMA. I see price reactions often enough with it, so I keep using it. Any opinions on using the 200 vs 221 or 60 min 20 on 5 / etc. ? thanks
Agree with Mr. Carpet. Also, a benefit of using the EMA221 for the 5-min chart is a smoother line. I found that Al's indicator produced a jagged (still accurate) line due to the frequency of gaps. Small nit, and when you look at PA off the 60min EMA, it's an area vs. a line in the sand, so to speak, so 220 vs. 221 is not going to matter.
Thank you. I switched to the 221.
I heard Al say something like he views support & resistance as a zone, painted with a fat paint brush, instead of a fine line.
