CoffeeShop Crypto 10 / 28 SMAs
A lot of times you guys have heard me talk about the 10 / 28 strategy. It is a strategy that I use on high time frames mid time frames and low time frames and works wonderfully for finding liquidity rejections and continuations of trends.
This is a really simple moving average indicator that will plot out the 1028 strategy for you and I want you to notice that it is not just a 10 period moving average and a 28 period moving average because the slow moving average is actually calculated by part of the value of the fast moving average.
Since it would be more complicated to do the math for it and show you guys how to do it I Simply put it into the indicator and if you want to test it out you can take your slow moving average and change the value and you will see that it will adjust two of the moving averages. But if you change the fast moving average you will see that all of the moving averages from that point are adjusted.
HOW TO USE THIS:
This indicator has one white line which is your fast moving average which is your short term trend.
This indicator has a red moving average which is your long term trend.
In the middle of these two you will see a liquidity trend line that is automatically plotted based off the values of the fast and slow moving average.
When price needs to continue moving in the direction that you would like it to it needs to seek liquidity from time to time so when you get a rejection of this liquidity trend line you have a strong continuation in the direction of the previous trend.
LONGS:
You wanna find your entries as you are breaking above the fast moving average. Keep in mind at times you can scalp when you break this moving average with price because price action is telling you that you are going faster than the fast term trend.
So just because you're moving averages are upside down does not mean you cannot go long on your trades.
SHORTS:
The same applies for when you are going short. You can wait for price action to break below the white line even though your moving averages are right side up as long as you are paying attention to price action and the current trend you know that you can get back into that short trade.
CONTINUATIONS:
gift for example your price action has been in an uptrend you can see that your price comes down breaks below the white line and gives you a Wick rejection of the midline which is a liquidity rejection. At this point you can see that price action simply needed to gain liquidity in the market. It sought it out. Grabbed it and it should be continuing into your long term trade.
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Added ability to change line width
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Comments 155
I would love to try this please. I had a request a few days ago but I think that has disappeared during the website going down. Thanks 🙏
I've been back testing this indicator and found a lot of good entries. I've also found quite a few false signals if traded on it's own. Remember you need to look for other confluences when looking for a trade. Price action, volume and support and resistance levels are particularly important. I highly recommend watching (or re-watching) this CsC video about using volume, which also talks about support and resistance. https://www.youtube.com/watch?v=_OaB6Nit-bU&t=1s
Just to expand on my last comment, I'm not doing anything especially sophisticated as I'm still pretty new to trading and learning as I go. In case it helps anyone I'll give a bit more info.
In addition to breaking the 10 ema and RSI conditions, for a long:
-look for BOS higher high and higher low to confirm trend.
-look for bullish volume breaking it's MA (set to the same setting as the 10 MA.
-If it's breaking through a support/resistance level even better.
-I look for take profit using the CsC fib tool, but only trade up to the next SnR level if there's one in the way.
I know there is a CsC video about looking for when price breaks structure AND liquidity using an indicator I don't think is released yet, but I'm not 100% sure how to identify liquidity breaks myself at the moment. Is the liquidity level where multiple wicks have reached a similar level in a consolidation range, signifying limit orders sitting there? Or maybe the point of control of high volume nodes on a volume profile?
hey bud, drinking coffe and trade are only things nowadays. Congrats for the web site.
Bud, may i try this indicator. And a dark, very dark expresso please (double).
Thx in advance.
I've been using 50/100 EMA's for trend indication, so will be interesting to see if this gives better signals. Also like the idea of liquidity identification, thanks
I definitely recommend using the new HA Algo v6 alongside this indicator. It helps to filter out false moves as you can wait for the support line to break and the HA candles to change to the right colour
Should you please explain a little bit more ?
Hi Dear
Looks Interesting, plz grant me the access
Thanks.
Bud, 10/28 is from another planet ! It works great. Thanks for your great efforts.
God bless you for these good work.
I'm already inlove with 100% Moving Average startegy and it works for me everyday.
I still would like to try this 10 28.
I need access to those 2 indicators.
Thank you in advance. 🫶🙏🤝
I would be happy to test this interesting thing... Please provide me with access Sir
Would like to try it out if still available.
hi I hope every thing is well with you
i will appreciate if let me know how can i get CoffeeShop Crypto 10 / 28 SMAs
thanks
Hi bro, I'm excited to try this indicator alongside my strategy, thank you for creating such an amazing tool! Could I please gain access to it? Much appreciated!!