The Elite Circle - BMT CollectiveMA
futures io futures trading


Categories Help    

The Elite Circle
File sharing for Elite Members only, includes any and all platforms and file types


Entries
BMT CollectiveMA 5 *
UPDATED FEB 6 2010: v1.05 now includes Slope feature

(this is included in BMT Envelope Fib Bands)

The purpose of BMTCollectiveMA was to take the most commonly used moving averages and combine them into one. It is my belief that SMA 9, SMA 34, SMA 100, EMA 20, EMA 34 and EMA 100 are the most widely used.

While it is possible for people to use JMA and ZeroLagEMA and etc etc lately I've been focused on and moving towards trading a bigger picture, and part of that journey has taken me to trading only a 5 minute chart (or bigger) and focusing on what the most successful traders in the world are looking at.

So the idea was to collectively combine what "the collective" (these successful traders) are using to average them into one. It works terrifically with the BMT Envelope Fib indicator, which is what I use it with.

Why did I create it, or why do I think it's useful? Because I found EMA 20 to be very useful. But I also found EMA 100 useful. Oh, and SMA 9, and etc etc etc. They each have very useful properties. So I decided to put them all together and trade it that way.

I think it's most useful when used with the BMT Envelope Fib indicator because that indicator measures multiple S/R areas (envelopes) around price, and the very nature of the CollectiveMA means it will find more confluence in these areas than a single MA would.

Even though the idea behind BMTCollectiveMA is a simple one, please keep it for VIP members only. As you know, I try to reward VIP members for their support and want to keep these just between the group that has vested interest in the site.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES


Category The Elite Circle 
 
Suggest other entries I might like
Details: BMT CollectiveMA
Category: The Elite Circle 


December 3rd, 2009
Size: 5.39 KB
Downloaded: 1796 times

Keywords: collectivema bmt
 


 
Category
 



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.