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For ES daily charts which exclude the Globex session, how accurate is the EMA on the Open, and should traders remove it for the first half hour
follow up question-
during contract rollover, how to get accurate EMAs / how long until accurate
Trading Price Action Reversals by Al Brooks
Chapter 17: Patterns Related to the Premarket
End of 2nd Paragraph:
"Traders who watch only the day session have to be aware that the moving average is often unreliable for the first hour or so."
4th Paragraph:
"It can take an hour or two before the moving average is the same in both sessions, and it can provide different and equally valid setups in each. However, nothing is gained by most traders who watch both charts, and doing so usually increases the chances that a trader will not be quick enough to take all of the available trades and will make mistakes in order placement."
