I'm providing a simple guide on EMA settings—suitable for everyone from beginners to experts.
EMA settings (common and popular):
1. Short-term trading/Day trading:
EMA(9) or EMA(10): Very quickly capture trends.
EMA(21): Capture slightly larger movements.
When using both together, if EMA(9) goes above EMA(21) → Buy Signal, if it goes below → Sell Signal.
2. Mid-term/Swing trading:
EMA(20) + EMA(50):
When EMA(20) goes up, the trend is bullish, when it goes down, it is bearish.
3. Long-term trading/Investing:
EMA(50) + EMA(100) + EMA(200):
If EMA(50) or EMA(100) crosses EMA(200), it indicates a significant trend change.
How to set EMA on TradingView, Binance, or other charts:
Go to the Indicators option.
Search for EMA or Exponential Moving Average.
Add EMA, then go to settings and change Length (e.g., 9, 21, 50, 200).
Assign a different color for each EMA so that it is clearly visible on the chart.
Example (for day trading):
9 EMA: in red color
21 EMA: in blue color
When the price is above 9 EMA, the market is quickly bullish.
When 9 EMA crosses above 21 EMA, then buy.
If the opposite happens, sell.
In summary:
Practice initially with EMA(9) and EMA(21).
You can use EMA(20), EMA(50), EMA(200) for longer periods.
There is not one setting for everyone—adjust according to your trading style.