Use the 23- to 30-day EMA band to determine the major trend of the market
The program rules are as follows:
To generate a buy signal:1.On the daily chart, the market must first close above the band. (That's both the 23 and 30 moving averages.) This day forms what is called the set-up bar.2.The market subsequently must exceed the high price of the set-up bar. When both steps are met, a new buy signal is generated, indicating that the market is now in a confirmed up-trend.
To generate a sell signal:1.On the daily chart, the market must close below the band (both the 23 and 30 moving averages). This is the set-up bar for a potential sell signal.2.If the market then exceeds the low price of the set-up bar, a new sell signal is generated, ...