niceLINES (Kijun-Sen & SMMA 5, 50)
Welcome to niceLINES - a combination of key lines to help find entries/exits and also determine the trend. The indicators used are the Kijun-Sen and SMMA 5, 50.
A great tool for finding entries and exits is when the 5SMMA (green line) and the Kijun-Sen (purple line) cross. Best used on longer time frames such as 1hr and above.
The 50 SMMA (blue line) is a quick and simple look at what's happening over a longer period of time. Not necessarily used for entries or exits but great for determining if an asset is going to bounce or not. You can see from the chart that the bounces off the 50 SMMA would have been a nice zone to add to a long position. Helps let you know if your trade is still on course long term or possibly failing.
A great tool for finding entries and exits is when the 5SMMA (green line) and the Kijun-Sen (purple line) cross. Best used on longer time frames such as 1hr and above.
The 50 SMMA (blue line) is a quick and simple look at what's happening over a longer period of time. Not necessarily used for entries or exits but great for determining if an asset is going to bounce or not. You can see from the chart that the bounces off the 50 SMMA would have been a nice zone to add to a long position. Helps let you know if your trade is still on course long term or possibly failing.