Filtering by Indicators (EMA, Supertrend, Ichimoku Cloud)
TradeShields offers several indicators to filter trades based on higher timeframes:
- EMAs (e.g., 50 EMA, 200 EMA): Check if the price is above or below key moving averages.
- Supertrend: Confirm trends based on volatility and trend strength.
- Ichimoku Cloud: Ensure price aligns with cloud-based support or resistance.
How to configure:
- Enable Higher Timeframe 1 or Higher Timeframe 2.
- Select an indicator from the dropdown menu (e.g., 200 EMA, Supertrend, Ichimoku Cloud).
Example:
- Enable 50 EMA to allow trades only when the price is above the EMA on the selected higher timeframe.
- Use Supertrend to confirm entries during strong trending markets.
Tips:
- Use EMAs for smoother trend signals.
- Combine Ichimoku Cloud with other filters for more robust strategies.