Regressive VWAP Band Buffer Strategy on GC 10RRequired add-on (free): NEXT Regressive VWAP
Target market: COMEX:GC1! 10R chart
Strategy Overview:
- Long when price crosses upper band (green)
- Short when price crosses lower band (red)
- Do not initiate trades in the buffer zone (between the bands) - that is our filter
Setting Alerts:
Here is how to set price (close) crossing band alerts: open a chart, attach NEXT Regressive VWAP, and right-click on chart -> Add Alert. Condition: Symbol, e.g. ES (representing the close) >> Crossing >> Regressive VWAP >> Upper ( or Lower) Band >> Once Per Bar Close.
Filtering
Tutorial | How To Use RSI To Find Turning Points ... or NOT!Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend.
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :)
RSI Settings for this video
5 Period
Upper 88
Lower 12
The Top Down Analysis MethodThe signals you get on the higher time frames should surpass that of lower time frames.
Reaching a resistance on the weekly time frame but you see a buy signal on H4? Look to sell as the higher time frame data prevails more successfully statistically.
Is a trend moving up but you missed the entry? If you determine the market to be bullish you then look for buying opportunities, even mid trend (and this can be done with low risk). This allows you to find opportunities no matter what the market is doing...
You see a reversal pattern on H4 to go short? Check on the weekly time frame to ensure you're trading the reversal at the end of the trend! ( That's why it's called a reversal and not continuation).
Using the top down analysis method can help you to filter out mistakes from your decision making process with these easy steps.
Please join my mailing list for more lessons just like this one zc.vg
Happy trading!
Filtering out a false reversal points
Would like to share a very well confirmed with a time, way to filter out false reversal points for a good entry, with a very simple approach.
I have tried my best to place all the information on the chart.
Please feel free to ask me questions regarding subject.
Also please feek free to read an article on how to count option levels here:
marenno.com
Sincerely