What is the EMA - SMA Volume Indicator?
The EMA - SMA Volume indicator is a technical analysis tool created by combining three different variables. The three variables used in its creation are EMA, SMA, and Volume.
EMA - SMA Volume indicator, which produces a special value for the parity it is used, monitors price movements by blending all three parameters and helps to create trading levels.
In this article, we will examine in detail how EMA - SMA Volume works and how to create a strategy with this indicator.
How to Use the EMA - SMA Volume Indicator?
The EMA - SMA Volume indicator measures by subtracting the EMA from the SMA and how far it is from the zero line.
EMA - SMA Volume has colored trend lines to show general groups.
EMA - SMA Volume Oscillator and EMA - SMA Volume Signal produces two different values and provides two different color transitions when added to the graph. The generated values turn red when negative and green when positive.
One value follows the other value. This allows the creation of a strategy with intersection units.
EmaSmaVol Indicator at Traderlands Strategy Creator Tool
Traderlands Strategy Designer allows you to easily create and backtest your strategy using the EmaSmaVol indicator.
You can start creating a strategy by selecting "EMA - SMA Volume Oscillator” and “EMA - SMA Volume Signal" from the list. An example strategy is shown in the image below.
You can use the EMA - SMA Volume indicator to create a strategy after doing your research.
Enter Algorithm Rules You Can Add To Strategy Creator
Exit Algorithm Rules You Can Add To Strategy Creator
You can review EMA-SMA Volume indicator by adding to your own TradingView chart.
WARNING: The entry and exit strategies in the images are prepared ONLY for educational purposes to explain how indicators work. It does not guarantee any profit.
When creating an algorithmic trading strategy, a rule set is usually created by using more than one indicator.