S3 Moving Average Indicator
Author: Gregor Anton
The S3 Indicator creates 5 EMA’s that can be customized: 5, 13, 21, 55, 189.
This indicator is based on a trading strategy I learned as part of a Forex Course and have adjusted a little since.
It’s best used on the 1hr chart. When EMA5 Cross Over 13 and 21 PLUS 13 crosses 21 then you have a trading opportunity after candle close. Wait one more candle for confirmation.
EMA 55 is somewhat of a Pivot and should be used as guideline for setting Stop Losses. Ideally you want to enter after crossing of EMA55.
EMA 189 shows you a major trend and when 189 and 55 cross a major trend is forming.