Example Strategies Using Higher Timeframe Filters
Here are some practical examples of strategies that leverage higher timeframe filters:
- Swing Trading with EMAs:
- Higher Timeframe: Daily.
- Indicator: 50 EMA.
- Trade only when the price is above the 50 EMA on the daily chart.
- Intraday Trading with Supertrend:
- Higher Timeframe 1: 4 hours with Supertrend.
- Higher Timeframe 2: 1 hour with 200 EMA.
- Combine filters to ensure trades align with broader and intermediate trends.
- Breakout Confirmation with Ichimoku:
- Higher Timeframe: Weekly.
- Indicator: Ichimoku Cloud.
- Only take trades in the direction of the breakout when price is above the cloud on the weekly chart.
Tips:
- Adjust indicators and timeframes based on the asset class (e.g., forex, equities, crypto).
- Use these examples as templates to customize your own strategy.