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Extremes

RSI Trends and Extremes with Color-Fill What is the RSI Color Extremes Script? The RSI Color Extremes Script is a different take on the traditional RSI. With a shorter period setting, short-term trends and extremes can be detected. How is RSI Color Extremes different from the traditional RSI and Connors RSI (CRSI)? While the traditional RSI is 14 periods, the default setting for this script is 2 periods. The 2-period setting was borrowed from Connors RSI (CRSI) where 2 and 3 periods are used, however, the interpretation here is different. Credit goes to user fikira as this is a different take on his/her original script. The period setting is adjustable. How to use the RSI Color Extremes Script When the RSI(2) crosses above the 70 line, this is a buy signal, when it crosses below the 30 line, this is a sell signal. As the intensity of the green color increases this indicates a strengthening of an up-trend. As the intensity of the red increases, this indicates the a strengthening down-trend. Extremes of above 95, (the red dotted line), or below 5, (the green dotted line) are rarely reached and can be viewed as potential reversal points or proactive profit taking. This script can be used with other indicators (Stochastic, moving averages, or MACD for examples) for confirmation or confluence of indicators. Settings: * The default setting is 2 periods * color intensity increases as the indicator rises or falls * The period setting is adjustable. Observations: * Not all signals lead to major moves. However, all major moves give this signal. it is important to use other indicators for confirmation. * setting alerts on the indicator (crossing above 70 or crossing below 30) can be a good way to identify early potential trends. * The script works on any security and in any timeframe. The period setting is adjustable.
AMEX:UPRO
by UnderwearMillionaire
Bitcoin Extreme Scenarios - realized path will be somewhere w/inA lot going on here, main takeaway is these are the extremes of what to expect going forward. Methods used : - harmonic patterns - wolfe waves - control charts (I built my own stability motoring/anomaly detection model in R) - time series analysis (its a random walk, it really is) General Expectation s: Expecting near-term bounce to 47k-53k by early May (there could be a small drop early next week to 36-38k before starting run to upper 40s), followed by drop to around 30k by late summer. From 30k there will be a retest of 40k and decision there will confirm if recent range has been accumulation or re-distribution - if it continues above 40k and shows SoS above 50k (confirmation of accumulation) then it is mathematically possible to run to new highs (particularly in the 70-75k) range by end of 2022; however, a rejection at 40k after bouncing from 30k would be the SoS confirmation of re-distribution and it would start a nasty drop to around 23k. Chart Description : - As the title indicates, this is intended to demonstrate possible paths BTC could take from here - these are most extreme paths so actual path should be expected to fall within green and red projections - the methods used I made notes on chart but if you have any questions/corrections/objections I'll reply to comments ~ RED Trajectory = most extreme bearish case. If the beginning of this plays out I would expect it to bottom before 13k, likely 19-23k would be bounce zone ~ GREEN Trajectory = most extreme bullish case. Look at MRNA chart back in early 2021 (Jan-March) and notice similarities with BTC from early 2021 until current. MRNA had a smaller periodicity, no doubt accelerated by Covid-related factors/intentions, but MRNA in Mar 2021 was very similar to where BTC is now. Based on the actual structure of BTC void of the MRNA comparative speculation (i.e. based on the maths) I actually think the realized path of BTC will be closer to this bullish extreme - i.e. new highs by end of year ~~~ the black trajectory is a theoretically possible yet very extreme middle ground where BTC gets trapped in a converging vortex around 42k and perpetually stabilizes at that value. At that point time would actually become bi-lateral and the past and future of all time would coincide at a crypto event horizon... only Elon Musk would be able to escape this fate... lmao Obviously not financial advice because I didn't discuss anything financially plausible nor did I advise. Bless you all, lmk your thoughts.
BITSTAMP:BTCUSD
by JerryManders
1
Pitchfork Trading - Video 1Video Nr. 1 I explain the quick principals of the Pitchfork and how we use it. Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture. If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course: 1. Klick the link at the bottom to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Thanks for watching and if you like it, give a thumb up :) P!
CME_MINI:NQ1!Education
by Tr8dingN3rd
14
BCHUSD: Wait for this to come back to youBCHUSD Wait for this to come to you It's been a struggle today just keep around break-even here. At least the 1570 high and danger point was identified but we should have shorted there with stops above - kind of obvious now of course. The technical picture here has deteriorated today. It's broken below the parallel and this line is now acting as resistance to rally attempts. It's now likely to move sideways in the range bound at the top by 1539 line and at the bottom by 1476 spike low and 1456 blue line. It's full of whipsaw, traps, delays and broken hearts. It will encounter problems at 1539 and if it can manage to beat here at 1570 again.It's strictly for day traders playing inside the lines with two overhead dynamics bearing down from above. It has to clear all this now before it looks safe for swing traders to go long again - that space between 1572 and 1735 is the space to trade, if and when we see 1572 broken. Otherwise it's a buy on retests of 1477-1456 range with stops under 1450. Any fall below 1450 would be a very bearish outcome for BCH, triggering a short back to 1255 at least and more likely to 1182 before rallying again strongly. Pin bars are often created by wise old traders on fishing expeditions, laying buy orders at extremes days and even weeks in advance. You never know if they are going to get hit, just check the trap once day and maybe one day the big sell off (or rally) arrives and you get filled. This pattern is not positive whilst under 1570. It's carrying a lot of dreams trapped in at higher prices now. We're lucky not to be amongst them having banked profits at the weekend when they were still there to be taken. Hope above 1570, despair below. Put two orders in to buy at 1575 and another at 1185, both with stops 10 points below. One will get struck. Eventually. In nearer term it looks OK to buy dips to 1476 but 1514 is already beginning to become resistance by the look of it so the range to trade is getting smaller, but with a downward bias still. More hearts must be broken before a good rally can begin again here. Keep powder dry. Set traps. Wait. Let this come to you. And at one extreme or the other, it will do eventually.
B
by sumastardon
3
Fade GBPUSD Topside - Brexit and Fed downside carryGBPUSD closes below the 95% reversal SD Channel line, also LSMA gains momentum past price action indicating a pullback is close.. Short term is bullish but no interest in GU topside. INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance tightens. I love the SHORT GU play every time until the 15th this month.. 1. FED hawkish momentum continues to be priced into LOWER GU - only 24% is currently priced in, this may/SHOULD become > 40% which is lower GU. 2. Brexit uncertainty will indefinitely take us to 1.40-3 by the 23rd of june. thus shorting GU from 1.46-7 can give us 8-1 reward-risk... 50 pips risk 400pips TP down to 1.43/42 by the 23rd of June.. GU lost 700pips in december after the last hike, it is very sensitive to US Fed - unlike UJ and EU
Short
by QuantumLogicTrading
1
Short and Long Trade Filter for Finding Price Extreme PivotsOnly short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower. The actual entry trigger is one of six things (in order of most importance): 1.) test of major horizontal resistance line 2.) break of a pattern that supports the bias (e.g. M pattern for short; W pattern for long) 3.) test of an hourly, 4 hour, daily, monthly, or yearly pivot (classical pivots) level: S1,S2,S3,R1,R2,R3, etc. 4.) test of a major fibs extension level (1.414, 1.5, 1.618, 2.0, 2.618, 3.0, etc.) 5.) RSI divergence AND a favorable MACD cross 6.) a test of one of the bands under (for long) or over (for short) the thick band - this is a really aggressive entry when used by itself. The more of #'s 1-6 that happen simultaneously, the higher the probability that price will pivot favorably from that level and the easier it becomes to decide on a logical stop loss (price patterns and horizontal S/R levels give structure to base stop losses from). This set-up is especially strong when the 400 SMA bands are squeezing. The theory is that the price should, more often than not, explode out of the squeeze on the side that the 80 SMA is in relationship to the 400, or in the direction that the 400 SMA is moving at the time of the squeeze, UNLESS the 80 is near the thick band (within 10% distance between it, the thick band and the 400 SMA). If the 400 bands are squeezing and the 80 SMA is near to touching, or moving outside of, one of the thick bands, then price is more likely to shoot out of the squeeze in the opposite direction. So this set-up is best used for two things: 1.) finding price extremes, from which price is likely to pivot into decent gains as a counter-trend play, if not getting us in at the start of a new trend altogether. 2.) increasing the odds that we get in on the right side during a long-term price range (400 SMA bollinger band squeeze), on fast moves with high percent gains. I've only tested this set-up on shorter time frames for SPY, with decent results in back-testing the idea. Whether or not it is useful at longer time-frames and other stocks, forex, etc., is yet to be seen.
AMEX:SPY
by JamesBrown