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DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained 💵 Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 / 106.17 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
4
Indicator idea " USX "USX is the average of NAS100 , SPX500 and US30 (all from BLACKBULL data provider). ( average of the 3 Open = O ), ( average of the 3 High = H), ( average of the 3 Low = L), ( average of the 3 Close = C), Plotted as candles using thoses OHLC, making a chart representing the average price action of indexes. It is preferable to use on 15m TF (read the ORB part below). Usage and inputs : - An important part is the ORB box (Opening Range Breakout) sometime reffered as OPR (Opening Price Range). This plot a box based on market opening candle (NY time, 15m) high & low. This box will be colored green if close is above the half value of the box and red if below. A basic strategy for Stocks and Indexes traders is to wait after open that the price break that 9h30 to 9h45 range an enter accordingly for a scalp in the dominant direction. ( Doesn't work everytime, even less for crypto, but i've been using this tool on each separate index for some time and let me tell you, at NY open the world is always somehow correlated to what happen in Wall Street. ) - Additionnal sma21,55,89 and AMA (the average of the 3 sma). Optionnal trend confirmation based on the position of close relative to the 3 sma (simultanously above or below) and colored background assiociated. - The possibility to use VERY lengthy (tweakable) RSI rather than standard average $ values but it's not very effective as the candles look awful (on any big timeframes)... - In the input you can adjust the % of each of the 3 index in the total from 0% to 100%, so you can, for exemple put NASDAQ % IN INDEX more important than S&P % and DOWJONES even lower (as Crypto-currencies are generally more related to Tech sector). That's it for now, Don't hesitate to ask question, even if I've already said too much... PS: That only an idea, yes the indicator is created and functionnal. Maybe i'll publish it, probably free + open source as i anyway explained everything ;) Peace, may the profit be with you all
BINANCE:BTCUSDEducation
by LOKEN94
2
Dollar Index (DXY): Important Resistance Ahead! 💵 Dollar Index is currently testing a significant resistance cluster 104.85 - 105.50. The reaction of the price to that area will determine a further direction of the Index. Bullish breakout of that and a weekly candle close above will confirm a long-term bullish reversal, with a highly probable consiquent bullish rally. Alternatively, watch a rising parallel channel on a daily. Its support breakout will initiate a correctional movement. I will post the update once I spot a solid confirmation. For now, stay patient and wait for the reaction. ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:DXYShort
by VasilyTrader
6