UNFI Painting on the wallAll our human history we try to predict the God, the Life power at its own, to predict the Future.
Sometimes we draw paintings of how we would like to witness it.
Sometimes we're right, Sometimes we're wrong. Sometimes projects that are silent online can still show some picturesque charts. And sometimes only the Vision is needed to predict the God.
-A.I.Vision
P.S. And sometimes you post your drawings after they've already partially played out.
Drawingtools
How To Add Drawings To Your ChartIn this Tradingview basics video I'm going to show you how to add drawings to your chart using the options available on the left-side rail.
We'll look at not only what the options are, but the benefits of using "stay in drawing mode" as well as how labeling specific tools as "favorites" can save you time when marking up the charts.
If you have any question, comments, or subjects for future "Tradingview Basics" videos please leave them below.
Until next time, "Plan Your Trade, Trade Your Plan"
Akil
BTC Wyckoff CycleDecided to use the templates feature on text callouts / boxes to make it easier to draw them in the future. Please let me know if you have any suggestions
More Beer and drawing tools.Beer and drawing tools can help you see into the mists of the future. Have a look at my vision. Blue area in play for the year.
BUY IN MAY & GO AWAY ?? #PICASSOPOSSIBILITIES One of the possible variations of long outcomes for XAUUSD..:)
fibonacci extensions / retracements - how to and where to applyFibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , fans , arcs, circles, even a spiral. Fibonacci levels also arise in other ways within technical analysis, for example, one of the best known and widely used Elliott Wave theory
In this article we will have a closer look to Fibonacci Extensions and Fibonacci Retracements
Fibonacci Retracement and Fibonacci Extension levels are in the form of horizontal lines and are calculated in almost similar manner with slight difference. Even tough they look like similar to each other they are quite different and serve for different purpose.
👉 Fibonacci retracement levels indicate how deep a retracement could be, that is, aims to measure the pullbacks within a trend
👉 Fibonacci extension levels indicate how far the next price wave could move following a pullback, that is, aims to measure the impulse waves in the direction of the trend
How to apply Fibonacci Retracement and Fibonacci Extension
These levels should not be relied on exclusively,Reversals can be confirmed with candlesticks, momentum indicators, volume or chart patterns.
Here are the links of educational posts and indicator versions of the Fibonacci Tools that I made, you are kindly invited to check
Auto Fib Channels, besides Auto Fib Channels this study include Auto Fib Retracement, Auto Fib Extension and Auto ZigZag indicator
Auto Pitchfork, is advised due to its similarities with Auto Fib Channels and also it includes Auto Fib Retracement and Auto ZigZag indicator
Auto Fib Speed and Resistance Fans, is an important tool to identify probable support and resistance and especially a powerful tool to identify reversals and retracement levels. The study presents an alternative approach of drawing the fans which enables a visualization quite similar to Gann Box. Auto Fib Retracement and Auto ZigZag indicator is also available
Related educational posts that presents a quick guide of the drawing tools as well as introductions for their automatic indicator versions
how to apply pitchfork and auto pitchfork study :
how to apply fibonacci fans and auto FibFans study :
how to apply fib channels and auto fib channels study :
Meet Our New Drawing Tool: Price NoteWe created Price Note to make it even easier to attach notes at specific prices. We know how important it is to keep detailed notes on your favorite charts and our new drawing tool will help.
How to create your first price note 📝
1. Select the tool from the Annotation Tools panel. This is the same place where you find the Text tool.
2. Place two anchor points. The first point sets the price, and the second one is the coordinates of the price label.
3. Add text to appear along the Price Note by opening the settings dialog by double-clicking on the note. You can also change the line and text colors from the settings dialog.
Use keyboard shortcuts when working with Price Note!
1. Press Ctrl (Windows) or command ⌘ (Mac) while placing a point so that the point is drawn to the nearest symbol value. This keyboard shortcut turns on your Magnet.
2. Press the Shift key while placing a point to set the slope of the line in multiples of 45 degrees. Pro tip: this is especially helpful for placing Price Notes at perfect angles. Perfect angles = beautiful chart. 🎨
We hope you enjoy this new drawing tool. By the way, the chart above shows Bitcoin Dominance, S&P 500, and Tesla. We've placed price notes as examples for each symbol. Feel free share to share any charts you make with a Price Note below in the comments.
Please also share any questions or feedback below. Thanks for reading.
How to use the new Fixed Range Volume Profile drawing toolVolume profiles are essential for understanding supply, demand, and overall liquidity. Volume profile tools make it possible to analyze volume trends at specific price levels and specific moments in time. Our new drawing tool called Fixed Range Volume Profile was created to give everyone the ability the study volume trends on their chart.
Here's how you can begin using the new Fixed Range Volume Profile drawing Tool:
1. Go to the left side of your chart and click Prediction and Measurement Tools. This is the same place where you can find your Price Range or Long/Short tools.
2. Scroll down the list and select Fixed Range Volume Profile.
3. Once you've selected the tool, find and click an area of the chart that you want to study. Click a starting point and an ending point. In this example, we're showing a fixed range volume profile for BTCUSD from its all-time highs through today.
Understanding how to read the Fixed Range Volume Profile is essential. When you draw your first Fixed Range Volume Profile you will see the following:
• Red line = point of control or the price level with the most volume.
• Yellow and blue rows = down volume and up volume for each price level.
• Shaded blue area = selected volume profile area that's being shown.
Keep in mind that you can adjust the settings of the Fixed Range Volume Profile. This means you have the ability to change look, feel, and calculations. For example, you can add a developing point of control, adjust the colors of the shaded area, and change the size of the volume rows. The possibilities are endless and it's up to you to build the perfect look for your Fixed Range Volume Profile.
We hope you enjoy this new drawing tool and we look forward to seeing how it's used. We're on a mission to help as many investors and traders as possible and we believe tools like this do that. They are free and open to everyone.
If you have questions or feedback, please write them in the comments below. If you're still unsure about using this tool, we recommend that you dive right in and start experimenting. One of the best ways to learn is to try the tool for yourself.
Tradingview Drawing Tools (part 2)In this tutorial, we take a look at the Trend Line Tool and the Gann & Fibonacci Tools. Again, I discuss how to change the individual settings as well as how to save it as a template.
Tradingview Drawing Tools (part 1)In this tutorial, I show you where the different drawing tools are located, how to show/hide them, and how to delete them. I also begin showing you how to change their individuals settings so that they are only visible on specific time frames and how to change their individual styles.
