Get started

Review

Making Sense of the Market (Educational Post) 📑3rd Week May 23'Hello Traders. Today I have created a summary of this previous week's price action on a Session-Session basis. I explain in detail each of the 15 Sessions and how they relate to the overarching destination for the weekly candle. I hope you enjoy and please leave some feedback in you found this either useful or interesting. Best, Shrewdcatfx 🐱‍👓 Key for Chart 1 = Asian Session 2 = London Session 3 = New York Session Monday - Black Numbers Tuesday - White Numbers Wednesday - Purple Numbers Thursday - Red Numbers Friday - Blue Numbers Important Level's Weekly Level - 1.0866 Daily Level - 1.08739 ( Created after Tuesday's Daily Candle Closure) Daily Level - 1.08532 Daily Level - 1.08401 Daily Level - 1.07597 15 Sessions Breakdown Monday - ( Black Numbers ) 1 First Asian session begins by going up and rejecting (1.08537) Daily Level. Buyers are stepping in early in the week and the new weekly candle is pulling up. 2 The First London session of the week is a catalyst to create a Higher High in market structure on the Intraday timeframes. However with the new 4hr candle price pulls back down and drops before seeing once again another opportunity for Buys 3 The first New york session of the week combined with manufacturing data saw one more push to the upside which turned out to be the High of the day. As NY session progressed price pulled back and found support at the 1.0866 weekly level before bouncing once again. Tuesday - ( White Numbers) 1- 2nd Asian session of the week price consolidates inside of the previous NY session range, not much occurs 2- London session pulls back and retests 1.0866 weekly level where price finds support once again Price consequrntly bounces and creates a new weekly High above the Monday NY session manufacturing data highs. This london session Bullish push turns out to be the high of the week 3- New York Session price eases off the high prices created during London session. Retail sales data is released and volatility and volume shakes up price in the short term but continues to ease off the highs from london session. Price drops further adn london close prints the low of the day. The daily candle closes below our 1.0866 weekly level after attempting to push up with manufacturing data and retail sales data Wednesday - (Purple Numbers) (The close of the Tuesday daily candle creates our 1.08754 Daily Level) 1. Asian Session - Pulls up to retest our new formed Daily level 1.08754. As we move through Asian Open and the 4hr candle associated with it price appears to be backing off and rejecting the new formed Daily level 1.08754. 2. At this point we have 2 Daily Candle closures above 1.08537 Daily Level, however as we move into the third london session of the week price is beginning to crease below this daily level 1.08537. Price is also continuing to reject our new formed 1.08754 Daily level from Asian session. Price effortlessly drops through 1.08537 and quickly reaches our next potential support at Daily level 1.08393 . Price keeps pushing down and it is clear that the weekly candle has flipped bearish, dropping below our Monday Asian session prices and creating a fresh low on the week. 3. NY session sees a short lived continuation but quickly reverses pulling back up and clearing out fomo sellers . Price pulls back and does a textbook break and retest at the price where the weekly candle opened on Monday Asian price consolidates at the break and retest area 1.085 Thursday - ( Red numbers) 1. Asian session completes the break and retest at 1.085 and prices begins to head back towards the low created during the previous NY session 2. London Open provides a catalyst for a continuation of momentum to the dowside as we head back towards the previous NY session Low. We touch the NY session low and create a new low price on the week. 3. New York Session Open and Unemployment data is due to release. Yes, Unemployment data is the catalyst to punch out even more lows on the week Price make a very nice and lenngthy push from here on this thursday. Friday - (Blue Numbers) 1. The Thursday daily candle closes bearish but above our 1.07597 Daily Level. Asian session attempts multiple times to keep dropping below 1.07597 but buyers hold firm here. 2. As the final London session of the week approaches prices begins to bounce off 1.07597 and creates a High on Intraday timeframes. Then comes london open and price continues to pull back to the upside Simultaneusly we can observe that as the weekly candle comes to a close, the candle is pulling back up and creating a bottom wick. 3. New York Session provides a catalyst to continue pulling back up before violently whipsawing and ranging to end off the week
Education
by ShrewdCatfx
AN EXAMPLE ON TRADING "DOWNTREND" USING HEIKEN ASHI + EMAsThis is meant as a note to learn about using simple trend trades using heiken ashi candle and 10/30 EMAs. Notes: 1. Preferably watch a basic rules of Heiken Ashi Candle shapes. 2. Why Heiken Ashi is used? Less Noise, no reversal pattern, purely identification of trend and EMAs. 3. This demonstration using Zil/USDT is used as an "EXAMPLE" in a downtrend scenarios. (If you want to see how the uptrend works comment below). 4. Please DO your own research before using this strategy as this is not financial advice.
Education
by Lakehides
1
AUDNZD Trade ReviewHey guys, As I sat down this morning to do my trade review from yesterday, I figured why not do it on video for you guys to watch and see. This is a good opportunity to have a look at my initial analysis, how I managed the trade through-out the day and how we finished up. If you don't already do trade reviews I highly recommend you do, as it can be a great way to familiarise yourself with the emotions you feel through-out your trades. If you enjoyed the content leave a like, if the feedback is good I will continue to make these!
Education
by the5erstrading
5
[Trade Review]How I traded $DIS 200% GAINS, $TLRY, $MSFT, FUMBLEIn this video I will reviewing trades I took on June 28, 2021 which were $TLRY, $DIS, $MSFT, $ZM from watchlist I provide from the stream on Saturday! Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:DISEducation
by Raulf-m
US Indices Backtesting and Charting Session On Price Action Hello everyone: As promised I will periodically make these backtesting/chart work videos on different markets, pairs and timeframes. This is for me to present the importance of backtesting in trading consistency. Not only it will help traders to not have emotional decisions such as FOMO or fear of losing, it will give traders confidence at identifying trade opportunities and execute them when the time comes. The more we do backtesting, the easier we spot an entry, setting a SL/TP, and remove any emotional decisions. Today I want to go into the US Indices, specifically the SPY, NASDAQ, DOW. I will pick a few market crashed examples and dig deeper into them. Few educational videos below on the topic of backtesting, and why it will help you in your trading journey. How & Why I backtest: Prevent Blowing an account by backtesting: Backtesting & Chartwork on USDCAD: Any questions, comments, or feedback please let me know :) Thank you Jojo
OANDA:SPX500USDEducation
by jojofang0901
20
Implementing Heiken Ashi CandlesKEY POINTS: Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts. The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk. Long down candles with little upper shadow represent strong selling pressure. Long up candles with small or no lower shadows signal strong buying pressure. ----------------------------------------------------------------- When paired with risk management tools, trading indicators can give you a clear insight into price movements. Heiken Ashi candlesticks resemble a typical Japanese candlestick, but several details differ from the traditional candlestick chart. Every Heiken Ashi candlestick has an upper candlewick, a shadow (lower candlewick) and a body – much like the Japanese candlesticks. However, a bar in the Heiken Ashi starts from the middle of the one before it and not where the previous one closed-a significant distinction. Each candle has a high, low, open and close, and thus the Heiken Ashi formula has four segments.The opening level is the midpoint of the previous bar; the Close of each bar is the average of high, low, open and close. If you’re aiming to catch persistent trends, then Heiken Ashi will be valuable. NOTE: However, day traders who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful. Also, due to no price gaps within Heikin-Ashi candlestick charts, risk management is harder to monitor. Using additional methods to watch risk is advised. The formula for calculating Heikin-Ashi candlesticks is as follows: Open= (Open of previous bar+ Close of previous bar)/2 Close = (Open + Close + High + Low)/4 High = the Maximum Price Reached Low = Minimum Price Reached *Hope this helped refresh your knowledge of Heikin-Ashi candlesticks or showed you a new trading strategy to use.
NASDAQ:CLSKEducation
by kingmidasLXIX
1
Book Review: Trading in the Zone by Mark DouglasSome say that trading is 10% mechanical and 90% psychological. One of my mentors once said "The simpler we make trading, the more profitable it seems to be." and it was a profound statement to me at the time... It was one of those "I heard the exact thing I needed to hear at the exact time" moments and it changed the way I traded. It is in our nature to over-complicate things because we have been conditioned to think that profitable ventures must be complex ventures from a very early age. How many times have we heard "You can't do that... only rich people get to _____." "You'll never be able to get _____ without a college education and years of hard work (working for *someone else*!)." And of course, "If trading were so easy, everybody would be doing it." We are surrounded by negative ninnies nullifying our natural need to succeed. Well, I believe trading indeed is easy, but becoming a trader... now that indeed is the hard part. In an earlier article I talk about Backtesting and its importance in determining if your trading system works, answering the question "Can this system generate a *reliable* income week after week?" Once you determine that, the question is "Can I work the system?" And that question, my fellow traders, is all about psychology. (And the point of the book at hand: Trading in the Zone.) This article rounds out what I believe will be my two most important book reviews. In my previous review of Price Action Breakdown I highlighted the processes of technical analysis as presented by the author. Using Supply and Demand we can find the movement of money in the markets and reliably place trade after trade right behind the big institutions who move those markets. There are many ways to trade using a Supply and Demand methodology. I myself came up with my own method which I call Sabre which I formulated from my years of experience standing on the shoulders of giants, following rules, managing risk, and "sharpening the saw" as the late great Steven Covey would say. However, no matter how good a system is, if not followed properly, (and in some cases if not followed to the *letter*) even the best 'systems' will produce mediocre or even negative results. For instance, there are plenty of great weight loss and weight management 'systems' out there (Keto, Paleo, Atkins, Whole 30, ...) but if one does not have a good psychology, they won't "work the system" even though they know that "the system works." It isn't until a person's *psychology* is right (i.e. that the PAIN of being overweight/unfit is greater than the perceived pain of following a system) that they will follow a prescribed system of weight management or fitness. Mark Douglas opens his book on this very topic, saying that "The consistent winners think differently from everyone else." It's not smarts, or market analysis, or a super-duper indicator that separates the successful from the unsuccessful, but one's State Of Mind , and primarily a state of mind that thinks in probabilities . Trading, says Douglas, is very similar to a casino. The only difference is that we need to think like the person behind the table dealing the cards, not the rube playing the cards. Once you get behind the table, then you can play with the Law of Large Numbers by your side: you don't care how many hands you lose... you just know that overall in the course of 100 deals / shuffles / spins that you will come out ahead if you have an edge - a system that allows you to play where the odds are stacked in your favor. For instance, if you have a trading system that is only right 30% of the time, but your winners consistently generate a minimum of 5R of profit, are you going to be upset that seven out of every ten of your trades are losers? You shouldn't be, because for every 7R in losses (7 losses x 1R) you will generate at least 15R in winnings (5 wins x 3R). Your main goal then would to find as many trades as possible to get into each and every day! (If you are not familiar with the method of trading in "R", or 'aaRrrrrr' as we pirates call it, you can review my " Trade like a Pirate " article...) The essential ingredient in developing this successful probabilistic mindset is to indeed, have a successful trading system, an edge that overall in the game of large numbers will allow you you rake in more winnings than are drawn out by your losses. And as my favorite quote from Douglas says, "Once you learn to identify patterns and read the market, you find there are *limitless* opportunities to make money." Our primary job as traders, then, is to manage risk , that our edge only allows us to take trades that meet the demands of our system, and we take every trade that meeds those qualifications. It is a rare thing, however, to find a "trader in training" willing to think that way... the beginning trader wants to find out how to be right all the time. They want to experience certainty in an environment which is random, which will lead to ultimate disappointment. Think of trading like flipping a coin, (a random event): If you can get someone to play with you where for every time the coin comes up heads they have to pay you $300 and for every time it comes up tails you have to pay them $100, would you play? Of course! Because you know that at the end of the day the money is going to consistently flow in your direction, that overall for every 2 flips you have the expectation of making $200, if 50% of the time it comes up heads (making $300) and 50% of the time it comes up tails (losing $100). If you had a magical money machine that would play with you, with these kind of odds, would you simply flip that coin 5 times and call it a day? If I could make a friendly assumption, I would say that you would sit there in front of that machine flipping that quarter hour after hour until that machine ran out of money! We traders, however, aren't playing a person. We are playing the market . And the market has (for all practical purposes) unlimited piles of money. And if we have an "edge" that pays us 3R for every time we have to pay the market 1R what would you do? You will take every...single...trade... that comes your way that meets your criteria. An amateur at a poker table might walk away because he lost all of his winnings. The market won't run out of money and will play along with you as long as you desire – at least until you reach your goals. Douglas summarizes his point saying that we will be a consistently profitable trader if we can "learn how to redefine your trading activities in such a way that you truly accept the risk, and you’re no longer afraid." And that "the consistency you seek is in your mind , not in the markets." If we want to be "In the Zone" and make ourselves available to this infinite opportunity flow, we need to develop a carefree state of mind that doesn't have any expectation about any individual trade except that "something will happen." Our goal is not to win or not to not lose, but to "get in the water" - to put on every trade that represents our edge and wait for that "something" to happen. And if your trade happens to be a loser, then get excited because that means you are that much closer to a win. With this carefree, probabilistic mindset, "losing" trades will never again produce a negative emotion. In fact, "If every loss puts you that much closer to a win, you will be looking forward to the next occurrence of your edge, ready and waiting to jump in without the slightest reservation or hesitation." Trading, according to Douglass, is ultimately a "pattern recognition numbers game." As long as we insist on "having to know" what will happen with any particular trade we will experience stress and have unfulfilled expectations. When we begin thinking (and acting) in probabilities and a series of trades, we will begin to develop an "unshakable belief in our consistency as a trader." I've recently heard it said that "Trading is one of the most amazing, rewarding, and enriching professions there is. But I wouldn't wish it on anybody!" For the most part, trading is highly psychological. As Yoda said, "You must unlearn what you have learned." What makes one a successful doctor, engineer, lawyer, Fill-in-the-blank.... those skills will contribute *nothing* to being a better trader. Finally, just like one trip to the gym won't make you healthy and fit, a single read of this book won't give you a strong mental edge to complement the technical edge of your trading system. I make it a habit to read/listen to this book at least once per quarter alongside Price Action Breakdown . Take notes. Apply. Rinse. Repeat. That's my one bit of advice for you: Don't just read this book once... read it regularly ... Like with the Napoleon Hill's book Think and Grow Rich ... If you ask anyone if they've ever read it and they said yes, ask them "How many times? Because you obviously aren't rich yet!" Even Napoleon Hill stressed that you should read his book over and over if you are going to exercise your "thinking meat" and make it stronger and stronger day by day. (By the way... you should read that book as well... but that's a review for another day.) Trade well! -Anthony
Education
by ocaptain
25
Book Review: Price Action Breakdown by Laurentiu DamirWhen I started trading I was extremely excited about the possibilities that lay before me… The dream of changing your work ethic from “working for your money” to “putting your money to work for you” was intoxicating. I took every class, read every book, followed every “guru” I thought would help me get that ‘edge’, that secret sauce, to make me a great trader. Once I discovered what actually worked, and actually *did* the work of putting that knowledge into practice, I found that trading, like so many other things, follows an 80/20 rule, where 80% of your results come from 20% of your actions. I asked myself what was really important in trading, and I distilled it down to 2 points: Psychology, and Price Action. Notice, I put Psychology first. After reading about, backtesting, sim trading, and live trading so many techniques by so may experts I have distilled (culled?) the instruments in my trading toolbox to a select few. Like that scene in Gran Torino when Clint Eastwood is teaching his young asian friend how to “be a man” and learn to fix things, he gives him Duct Tape, WD-40, a pair of pliers, and said “This will help you fix half of your problems.” www.youtube.com Similarly, I now only have 2 books that I read or listen to a LEAST once per quarter. This advice in them takes care of 90% of my trading needs. This also helps me stick to the basics. Repetition is the mother of skill and we need to constantly be reminded of (and practice) those basics. Today I wanted to share with you one of those two books: Price Action Breakdown, by Laurentiu Damir. This book is going to put you to work. Trading, like any other skill, is something you learn by DOING. You can’t learn carpentry by simply reading a book. You can’t learn painting by only reading a book… you have to take a chisel to wood or a brush to canvas to put that theory into PRACTICE. Likewise, Laurentiu puts you to work trading, lesson by lesson, concept by concept. He simply and demonstrably shows the aspiring trader that all the information we need to decide to buy or sell is right there on the chart. No indicator, oscillator, or other doo-dads are needed. As he puts it, "The best indicator you can have is your brain analyzing the raw price movements.” He breaks down the specific patterns that we as traders need to look at to “see the opportunity” on the screen, notably value areas, excess price, control prices, and rejection areas. There is no mention of chart patterns (head and shoulders, triple bottom, cup and handle, ascending triangle, blah, blah, blah…) or candlestick patterns (bearish engulfing, dojo, shooting star, hammer…) - It’s all about price action. When you look at a chart and see who is buying what and where, you can make an educated decision on where to buy and sell right alongside the institutional market makers who are moving price. Quote: "Throughout this book, whenever I will discuss about buyer and seller behavior, I am talking about the long term traders. They are the ones who move the markets, it makes all the sense in the world to study their behavior, observe how price moves as a result of their actions, and formulate concepts, rules and strategies to follow what they do, to be in the same boat as them. We have to discover their footsteps and follow them." I’m a Kindle guy, and my trading partner bought the hardcopy on my recommendation. The hardcopy is a unique piece of work in terms of its layout, font choice, and stark coloring. I don’t know if it was intentional, but the fact that it is so physically *different* from other books almost makes you give what you are reading that extra bit of attention. My friend, too, owes much of his success to the techniques in this book so I never hesitate to recommend it. I hope if you decide to get this book that you will put all the necessary WORK in that is required to put concepts into practice… to imbed it into your nervous system so you can “see the money” on the chart just like Neo could see The Matrix and easily defeat what was previously an undefeatable opponent. youtu.be In a later article I will talk about backtesting - something that every trader needs to do to build up his skill, to test a trading methodology (such as price action!), and to help keep you “in the zone” (teaser for my next book review!) so as you develop and hone your trading skills, that you will keep that skill and sharpen your trading saw day by day and enjoy the benefits of being a professional financial trader. I would say 'good luck', but luck has nothing to do with developing the skill of trading just as it wasn't 'luck' that made Michael Jordan the best basketball player or Tiger Woods the golfer in the world. It was perseverance, grit, and repetition. Happy trading! smile.amazon.com
Education
by ocaptain
21
my first recognisable statistical loss i took a trade this week on AUDJPY that resulted in a loss that had many confluencing factors to take. in my eyes this turned out to be one of those losses down to probabilities, these happen and this marks my progression when i can recognise that these things happen. to note i felt 0 emotions at the loss. a trade i'd take over and over again until my data tells me otherwise. a position that was congruent with my plan and my personality when taking RE. check it out!
Education
by connorfx96
Dragononcrypto 3 Month Graphical ReviewIn order to promote accountability and transparency, here is a collation of all the BTC/USD calls I have made in the past 3 months. Note that some where on smaller time frames than the Daily (that is used in this graphic), such as the 1hr and 4hr, but otherwise remain relevant to the review. Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns Full series with recent updates: bitcointalk.org Technical Analysis Highlights September-December 2019 Measuring The Move of the Descending Triangle Breakdown If 2017 Descending Triangle Repeats? Best Case Scenario Extrapolating the 50 & 200 Day MA bear crosses Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate Miner Capitulation Is Here... Back Down To $3,800? TD Sequential 9 Next Week To Decide Direction? Another Bearish Bitcoin Indicator: 200 EMA & MA Bearcross If Bitcoin Repeats History? Extrapolating 2012 Breakdown A repeat of 2014? Worst Case Scenario A $2,500 Low If Bitcoin Repeats History? Descending Triangle Looking Similar
COINBASE:BTCUSDEducation
by dragononcrypto
Week in Review: Hidden GemHonorable Mentions Some very nice work has been done this week again by the Pine community. Shout out to Covax for publishing an attractive "Bitfinex Sentiment Index", beautifully rendering longs and shorts with some creative code; mortdiggidy's "Fisher Transform MTF" includes a unique function for the MTF Fisher, which, if I'm reading it right, solves the upper timeframe repainting that's oft associated with studies; and "Relative Derivative" by byteboi is a simple modification of the RoC that's comparable across assets and smoothed with an SMA. Dr. Do-a-lot A scripter that some, but not enough, users of TradingView will be familiar with is RafaelZioni. He's been a user for ten months and in that time he's amassed a huge library. RafaelZioni's strengths can be seen in the details of his work and as such his broader body of work may go underappreciated, but it's worth venturing deep into some of his work if you want to learn tricks-of-the-trade. His most recent work, and the script that will be highlighted this week, is "zigzag%". Zig-Zags in the Bag A very famous and useful scripter by the name of RicardoSantos has published a slew of scripts for realising zig-zags on the chart, so what make this one special? Well, for a start (and as far as I can tell), the zig-zag paints in real-time and with no lag. It can also use upper timeframe data with (as per description) no repaint. But that's not where the value lies in this script. A problem with Pine is that we can't realise some strategy functions in studies. TradingView doesn't accommodate for this and we need to think out of the box in order to achieve fidelity. So if you look carefully in this script you'll see that RafaelZioni has done just that. We can set the backtest date, set the take-profit levels, stop-loss levels and more. For anyone who's trying to turn their strategies into studies so that they can get alerts for each action, look here for some great insight. The script is actually an implementation of a trading strategy too. Here's an example of some results you can get. What Else is in the Bag? It's a jungle out there, but there's treasure deep in the dark. I advise everyone to get down and dirty with RafaelZioni's scripts. There's a very RicardoSantos-feel from his ideas and I expect that they're only going to get more creative in the future. His "Bollinger ratio" was included in the honorable mentions list last week and is a creative way of merging Bollinger Bands with the MACD. The eloquently named "net volume of positive and negative volume buy and sell alert" is also a fantastic way to view volume, and it comes with buy and sell alerts. Want to learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open. Honorable Mentions RafaelZioni: www.tradingview.com Covax: www.tradingview.com mortdiggidy: www.tradingview.com byteboi: www.tradingview.com
FX_IDC:XAUUSDEducation
by chrysopoetics
5
Week in Review: New Kid on the BlockHonorable Mentions This week we've seen a flurry of new open-source scripts hit TradingView, empowering it's users with trading ideas and programming techniques. "By Traders For Traders" by Dunhua-Yao , a potent modification of JustUncleL's "Price Action Candles", uses tighter criteria for 'Hammers' and 'Shooting Stars'; "Blau Divergence RSI", by blindfreddy , gifts us with William Blau's RSI; Quansium's "Quansium Source Layout" suggests ways to use external sources with TradingView; and RafaelZioni's "Bollinger ratio" brings together the MACD and Bollinger Bands in a unique way. There Goes the Neighborhood But there was one coder in particular that really caught my attention, introducing new, interesting, accessible, exotic and useful concepts. In the last week he's published 8 scripts, with his most recent strategy garnering a seemingly-outlandish return of 6000%+, although he has been a member for seven months. So the shining light for me this week, a big fan of Ehler's (who isn't?), has to be dasanc: www.tradingview.com Magnum Opus Currere The script that encapsulates his talent (for me) is his most recent strategy, "Adaptive Zero Lag EMA v2": This piece of work uses Ehler's ZLEMA and the two methods for Instantaneous Frequency Measurement (IFM) that dasanc's published in the past week. You can also adjust your risk limit, change TP/SL levels and determine your gain limit from within the control panel. Not only that, but it's presented in a clean and understandable manner, allowing beginners and professionals alike to pick up and immediately get started with the algorithms. Cherry on Top... So what makes this script so special? Well, the two IFM techniques: (One) (Two) In what seems to be his typical fashion, he's provided excellent descriptions for how these should be used. In short, if you're using an indicator that uses a lookback period (RSI, EMA etc), instead of fiddling with arbitrary numbers you just use the output of either of these techniques as the source for determining the lookback. Realising this concept has resulted in the entire Pine community being gifted with something they might not even know they were looking for. ...And Some Cream Low Lag Exponential Moving Average: Cosine, In-Phase and Quadrature IFM: Moving Forward With a young account and a recent burst of activity, it's safe to assume that we'll be seeing more of dasanc. Hopefully his singular approach to signal processing (as far as the current TradingView library is concerned) will be emulated by others. Want to learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open. Honorable Mentions
NASDAQ:INTCEducation
by chrysopoetics
2
Mission Statement for the "- in Review" seriesI'm not sure of the exact figures, but I think TradingView has about 7M+ users. That's 7M+ people working towards the same end. 7M+ people with insights and ideas. 7M+ people with access to an in-house programming language tailored for trading and technical analysis. Yet despite this there's only a small, mumbling community for discussing Pine, trading and how to bring them together. A few people have endeavored to change this and I'd like to play my part. So I'm going to begin publishing a series of articles through TradingView that will try to bring light to the secretly-active Pine community. The three titles I suggest will be: (1) "Week in Review", (2) "Coder in Review" and (3) "Script in Review". One of the reasons I want to do this is because I think it's incredibly difficult for new users to get recognition for their brilliant work due to the current TradingView search system being an echo-chamber. Those with the most followers get the most views and the most likes and then more followers and more views and... LazyBear, a cherished asset of the TradingView community, is all some people will know and search for. This can be disastrous for building a lasting community around Pine and for developing your own concepts around trading. So I want to give more exposure to those who publish now so that we can all have the opportunity to be involved in conceptual progress. Hopefully in due time TradingView will revamp their search engine. Most popular scripts of the week/month/year would be a start, but I'm sure more could be done. The articles written will never be defamatory or provocative. I don't want to rouse spirits, but focus minds. In that same vein, I will never shill someone's profile or scripts. All choices will be mine alone (unless I can poll effectively and transparently) and, as such, will have my biases (unless others join me in this effort) Week in Review Every Tuesday I'll pore through the scripts that have been published in the last week and select one for review, once it meets the minimum criteria. The criteria for being considered is: (A) for the script to be open-source and (B) not to be a direct copypasta-job from another coder. There's nothing wrong with using something not made by you to help you create something better though, but there has to be obvious improvements made from the original. The script reviewed is meant to be my pick-of-the-bunch, but that is by no means an ultimate opinion. Some qualities that I'll most likely be looking for are: (A) creativity and innovation; just do as Ezra Pound did and "Make it new!", (B) usefulness: it can either be useful in it's own right, or it can be useful when used as a component within another script; both will be considered, neither will be favored and (C) a decent description of what it's supposed to do or how it's supposed to be used. Clean charts are a plus too: you only need the indicator you're publishing on the chart most of the time. Aside from the script, there will be a brief mention of the programmer and their body of work. Coder in Review This is where I'll look over the portfolio of a user on TradingView and comment on their body of work, some of their best (my favorite) scripts and how they've helped the community to grow as a whole. The criteria for being considered are: (A) must have an account for over six months and (B) must have published at least ten scripts. These won't be published regularly (at least not at the start), so I'll just push them out when I get the itch. From referencing so much of RicardoSantos' work in my initial builds, I felt indebted enough that I wanted to write him an essay explaining my thanks. I've since had that feeling for a lot of programmers. Some qualities I'll be looking for will be: (A) breadth of analysis and (B) efficient code. Script in Review Some weeks we're going to have a handful of top-notch scripts, most which we don't want discluded from the narrative. So in order to accommodate for them there'll also be a "Script in Review" thread of articles. This will also give me the opportunity to discuss scripts that were published a long time ago. Criteria to be included will be the same as the "Week in Review" selection. Like the "Coder in Review", these won't be regularly publications for the time being, but may become so in the future. Disclaimer I'm going to talk about scripts and programmers that I like, but that is by no means an endorsement. If someone I talk about sells products or services, I do not want you to make a decision to engage with their products or services based on my opinions. I'm not selling anything or trying to get you to buy something. I just want to open up the discussion about Pine and bring together a community of like-minded people. Want to learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
FOREXCOM:EU50Education
by chrysopoetics
2