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Dive into the Coolest Blue Vibe: Unveiling TradingView Skin! 🎉✨Hey there! 🌟 Guess what? I've just whipped up my very first skin for TradingView, and it's got this super chill blue vibe! 🌊 Not only is it a treat for the eyes, but it's also packed with snazzy animations and color pops. 🎨✨ I'm super curious - what do y'all think? Got any cool suggestions or tweaks in mind? Fancy using this theme? Drop your email in the comments and I'll buzz you soon! 💌 And don't sweat, setting it up is a breeze on any browser. 🌬️ Catch ya soon! 😄🚀
NASDAQ:NFLXEducation
by alborzam
4
Current resolutionAside of the usual things ie waves & levels, being on a given resolution, mainly we are interested in the direction in which trading activity develops (so called, trend, gradient, slope etc). It is not exactly necessary if you follow a vehicle on every resolution, this way you always know the direction by simply understanding whether we are in low res buying wave or we are in low res selling wave. Still it's useful, especially for spotting in real time how the trading activity reverses, how a low res wave ends (or not) . All these higher high and lower lows, mark ups & mark downs, trend lines (omg), "value" moving up or down, it was all close but not exactly on point. A trend aka tendency has not much doing about movement per se, it's all about a certain sequence of events. After numerous logical experiments, you will arrive to the following minimalist understanding. First let's define 2 things: long event and short event. Long events: 1) a level gets positioned as support; 2) a resistance gets cleared; Short events: 1) a level gets positioned as resistance; 2) a support gets cleared; When you see a sequence of 2 unidirectional events in a row, it means you have a tendency = trend. 1) when you see multiple long events in a row (2 is enough), this is up trend; 2) when you see multiple short events in a row (2 is enough), this is down trend; 3) when there's no sequence, this is "everything else"; Everything else is in fact a loosely defined case. Yes by definition it's the iteration between long & short events, and it works well, however this kind of activity may 'invite" emergence of very short lived trends (2 unidirectional events). That tells us this: 1) While being in an up trend, levels are expected to be positioned as supports and then hold when approached by the exhausted selling waves. 2) While being in a down trend, levels are expected to be positioned as resistances and then hold when approached by the exhausted buying waves. 3) While being in a "everything else" situation. You expect an iteration of long & short events. There are clues that can help in dealing with "everything else" cases, provided by comparative analysis between positioned level and waves. Comparison between levels is made the same way as with waves. Best of 3: 1) Price: distance between front & back parts of a level. Narrower - stronger; 2) time: a level that formed later in time is always stronger; 3) volume: you compare the current amount of volume gathered & consumed during positioning & testing processes. Higher remaining volume - stronger level. This way you can take 2 levels and obtain a binary answer which level is stronger. Now, you can compare the current level (the last level that was positioned) and the previous level positioned in the opposite direction. While being in "everything else" situation, in general, that'll mean comparing a support below and resistance above. Prices tend t go where it's easier. Yet another thing you can do is to compare waves as explained in "Wave exhaustion", but this time you'll be comparing current wave and the previous wave in the opposite direction. While being in "everything else" situation, in general, that'll mean comparing the current wave with the previous wave, and that wave will have the opposite direction. Comparing these 2 waves, you'll now in which way the order flow is stronger. On the chart, you can see a red arrow, a bar that produced 2 short events in a row: positioning of 3896 as resistance and clearing the support at 3890. Btw, another thing you can do is comparing levels in the same direction while being in a trend. When the're such sequence that levels in the same direction become weaker and weaker, usually it means that the overall trend is loosing motive strength. That's the info you can gain being on a given resolution, without having any other data.
CME_MINI:ES1!Education
by gorx1
Trading With ColorsHello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this. To everybody else who is learning as well, this script essentially serves to introduce other time-frame moving averages. This intends to helps traders find the scope of relevance and not get lost in the current time-frame. Besides the colored moving averages (2 sets, different resolutions, great zoomed in our out), I included optional check-boxes to allow comparison of sets of moving averages at will, so that the most important to the individual trader can be compared and selected specifically. I kept the default options set to keep it clean. It likely won't be the only indicator on one's chart, so it's naturally best to reduce indicator noise from one, as to not subtract from the benefit of the other indicators. I integrated tons of acquired knowledge into this, so I hope somebody finds a missing piece to their collection or a solution to a coding problem within. I also hope this provides a new insight and helps others on their path to financial freedom. Best wishes. PS: I left some old code in comments in case it helps to understand the evolution of my code. I'll update this once it works on the Daily. You might figure it out before I do, in wish case, do share :)
by SnorkelSteve
1