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Perfect BBands Strateg. w/ Indic. SetupThis one is for anybody looking to try a new consistently solid strategy with multiple intuitive indicators setup that is not automated - yet. But, since the strategy part of this setup relies mostly on a simple but effective BBands strategy (I've found best results with 15m), it shouldn't be that hard to get automation setup. As it is now, the indicators included in this setup work perfectly together to give even beginner traders a rather good idea of where the trend is going and when to enter/exit their trades. This is a great setup for those using a free TV account since it combines certain indicators together by making use of the Pine Editor. So technically, only 3 indicators/strategies are used. In this case, 2 indicators and 1 strategy. All features of the indicators combined in terms of being able to adjust settings for each can still be fine tuned and have not been negatively impacted by the merging of multiple indicators. If you like this setup or have any suggestions to improve it, please let me know and if you consider testing this out with automation - send me a private message and let's discuss it.
EEducation
by Y2K_B
✔️Confluence Trading📍What is “confluence trading”? “Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade. You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal. Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade. 🔹Indicators Moving Average (MA) Relative Strength Index (RSI) Bollinger Bands Fibonacci retracement Stochastic Oscillator MACD Average Directional Index (ADX) Ichimoku Kinko Hyo Parabolic SAR Williams %R 🔹Chart Patterns Head and Shoulders Double Top and Double Bottom Triple Top and Triple Bottom Flag and Pennant Cup and Handle Wedge Rectangle Symmetrical Triangle Ascending Triangle Descending Triangle 🔹Candlestick patterns Doji Hammer Hanging Man Shooting Star Inverted Hammer Bullish Engulfing Pattern Bearish Engulfing Pattern Piercing Pattern Dark Cloud Cover Morning Star and Evening Star 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
How to interpret charts from indicators (trading strategy)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for publishing as public scripts. ---------------------------------------- It is not easy to see and interpret all the indicators displayed on the chart. Therefore, it should be viewed and interpreted as the most critical interpretation method. The first thing to look at is the position of the MS-Signal (M-Signal on the 1D chart), HA-Low, HA-High, M-Signal indicators on the 1W and 1M charts. The most important of these is the location of the MS-Signal (M-Signal on the 1D chart) indicator and price. The price is currently located below the MS-Signal indicator, indicating a downtrend. To add one more thing to this, you can also check the relationship with the M-Signal indicator on the 1W and 1M charts. Since the price is located below the M-Signal indicator on the 1W chart and 1M chart, it can be interpreted as a downtrend from a mid- to long-term perspective. Therefore, you can see that the chart as a whole is starting to enter a downtrend. In order to trade in this situation, you need to check the location of the HA-Low and HA-High indicators. Currently, the HA-Low indicator is rising and is about to be created. Therefore, if today's candlestick closes around now, we would expect the HA-Low indicator to form at 21552.44. Therefore, it becomes important whether it can rise above 21552.44. Since the M-Signal indicator on the 1W chart is passing around 21552.44, whether it can rise above 21552.44 has become an important question. If the HA-Low indicator is created at 21552.44 and fails to rise above 21552.44, there is a possibility of renewing the previous low, so you need to think about countermeasures. If support is received at the 21552.44 point, it is likely to touch the vicinity of the MS-signal (M-Signal on the 1D chart) indicator. At this time, if you succeed in breaking through the MS-signal (M-Signal on the 1D chart) indicator, the possibility of rising to the vicinity of the HA-High indicator increases. When the candle is formed today, the body of Heikin Ashi is showing a bullish sign. Therefore, even if the price fails to rise, if the price remains above the Heikin Ashi body, it can be interpreted that there is a high probability of a rise around 21552.44. At this time, you need to check whether it is supported or resisted at the point 21552.44. As such, indicators on price charts represent trends and support and resistance roles, making it the most intuitive way to anticipate future movements. To support this, 'Vol & Trend' and 'Strength' auxiliary indicators are utilized. This auxiliary indicator strengthens the interpretation of the price chart indicators by providing additional evidence when the movements of the price chart indicators are judged ambiguous. The 'Vol & Trend' sub-indicator is an indicator related to trading volume. Therefore, you can check the buy strength and sell strength according to the movement of trading volume. You can also check whether the volume is trending up or down. The 'Strength' sub-indicator consists of the Stoch, StochRSI, RSI and CCI indicators. The most important of these are the StochRSI indicator and the RSI indicator. The RSI indicator is an indicator that is related to the HA-Low and HA-High indicators. Therefore, it is not directly interpretable. However, it is paired with the Stoch indicator and used as a basis for determining an upward trend or a downward trend. It is currently looking to switch from a downtrend to an uptrend. The StochRSI indicator is used to predict periods of volatility. In addition, it is used as a basis for determining whether the trend will change to an uptrend or a downtrend in the future due to the change in the wave. The current downtrend has turned to an uptrend, and it appears to be coming out of the oversold zone. The CCI indicator is used as a basis for judging whether there is an upward trend or a downward trend. However, it shows a trend that is more than short-term. All of these indicators are scored as uptrend, stationary, and downtrend to make an overall judgment. 'Vol & Trend' indicator Stationary : 1 Downtrend: 1 'Strength' indicator Uptrend: 1 Matching: 2 Downtrend: 1 It is a situation where the basis for judgment of the sub-indicators is not needed, as all indicators that are near the current price chart are located below the price. If it starts to show stationary or sideways movements near the price chart, then with the help of the indicators, you will be able to use it as a basis for judgment. Someone said it's a chart with all the indicators, yes, that's right. However, it is not always possible to see all indicators. You only need to report it when necessary and use it as a basis for judgment. We do not think of additional interpretation methods for each indicator other than the interpretation methods described above. You should pay attention to this. By combining support and resistance points here, you can create a trading strategy. No matter how you analyze the chart, analysis ends its role with analysis. To trade, you need to create a trading strategy based on chart analysis and correlation with support and resistance points so you can start trading. However, when it comes to most chart analysis, there is a tendency to ignore trading strategies. If you ignore your trading strategy, you will most likely not be able to find the right way to respond if the movement comes out in the opposite direction you thought. Therefore, both chart analysis and trading strategy are important, but you need to do chart analysis to create a trading strategy. If you forget about this and invest all your time and effort into chart analysis, you will end up with a higher chance of failing trades when you run out of time to craft your trading strategy right. Therefore, chart analysis should be completed in the quickest way to give you plenty of time to create your trading strategy. To do so, it is urgently necessary to make efforts to predict movements beyond the current one, rather than looking at the charts based on past movements and past patterns. ----------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
4
How to Trade the Markets - Step 2 - Develop the Mega TrendHello, In this video series i will be walking you through my new approach on how i am currently trading the markets. Step 2 - Develop the Mega Trend Once you have entered your position and set your stop loss, you will then want to align the Trend Meters with your current lifeline candle. Ultimately we want to see the next day candle break below the previous day of support and start to create space from our position. We align the 7,14 and 21 Trend Meters to confirm the development for a Mega Trend winning position. Let it run and work for you! We will exit and rotate the position once we have a confirmation from the Trend Meters. Follow up videos will come in the future to show you how this has performed for the year. Simplicity is key. Tight stops are key. Mega Trend is WINNING. Take care.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn2319099
Laghari EmaLaghari Ema Laghari Ema Contain 2 EMA, Over Sold Level , Over Bought Level and Mid Line With Red, Green Signals, Ema 1 = Value 400 color Orange, Ema 2 = Value 200 color Aqua, When Ema 1 and Ema 2 Both Trending Above the Mid Line Means Market is Bullish, When Ema 1 and Ema 2 Both Trending Below the Mid Line Means Market is Bearish, If Ema 2 Aqua is Above the Mid Line And Rising up But Ema 2 Orange Below the Mid Line and don't Crosup then you See a Sharp price drop, If Ema 2 Aqua is Below the Mid Line And Continue Droping But Ema 2 Orange Above the Mid Line and don't Crosdown then you See a Sharp price Pump, When Ema 1 and Ema 2 Pinch Together but Don't Cross then you see a reversal applied on Bothe Snerio Bullish and Bearish, If You see a Continue Red Color That Means Price Continue Dropping If you See Continue Green Color That Means Price Continue Pumping Best Results on 1Day Chart Pattern, This is My Experience Try it Yourself .
by BabarLaghari
Bitcoin Urgent Update!!Market analysis (Bitcoin) The latest trade using the Pump Tracker strategy resulted in a loss of -1.5% of the total balance. Trading without losses is impossible, but after closing our trade, the price dropped by 9%, which is pleasing. The risk management system is designed to avoid large losses and earn significant profits over the long term. From the graph, it can be seen that the price failed to break through the strong support zone of the Greenwich system. After the last test, the price dropped by 22%. (According to TradingView rules, I can't show my indicators for free, because the platform blocks my ideas, so I've drawn the zones with lines.) Currently, the price is moving towards the marked massive liquidity zone on the graph and the very important $18,660 level, where the 0.618 Fibonacci level is also located. Additionally, it is worth noting that the RSI has also dropped below the 30 mark, indicating an oversold market. In the medium term, it is a good opportunity to start buying Bitcoin (for example, 15% - 20% of your capital). In the medium term, I expect the formation of a local bottom and a market reversal. After that, the price is likely to continue its upward trend to the $28k-32k targets. However, the chance of the price dropping to the kill zone is also present, so I do not recommend buying a very large portion of your capital. Leave some stablecoins for this scenario. Personally, we are mostly in USDT for most strategies and waiting for new signals. If you want to try our indicators for trading, you can try a free 2-week trial.
Long
by Yaroslav_Krasko
Mastering the Art of Technical Analysis (Part 6)Advantages of Technical Analysis - Easy to Use: Technical analysis is easy to use and understand, making it accessible to traders of all levels of experience. - Objective: Technical analysis is objective, as it relies on data and mathematical calculations rather than subjective opinions. - Helps Identify Trends: Technical analysis helps traders identify trends, which can be used to make informed trading decisions. - Provides Entry and Exit Points: Technical analysis can help traders determine entry and exit points for trades, allowing them to make profitable trades. - Can be Used with Any Asset Class: Technical analysis can be used with any asset class, including stocks, commodities, and forex. Disadvantages of Technical Analysis - Past Performance Doesn't Guarantee Future Results: While technical analysis is based on historical data, it does not guarantee future results. - Can be Subjective: Technical analysis can be subjective, as traders may interpret the same data differently. - Not Suitable for All Market Conditions: Technical analysis may not be suitable for all market conditions, as some markets may be too volatile or have limited historical data. - Overreliance on Indicators: Some traders may over rely on technical indicators, which can lead to false signals and poor trading decisions. - Requires Constant Monitoring: Technical analysis requires constant monitoring of market data and indicators, which can be time-consuming.
FX:XAUUSDEducation
by JinDao_Tai
Mastering the Art of Technical Analysis (Part 3)Technical indicators are mathematical calculations that are applied to price and volume data to identify potential trading opportunities. They are based on the belief that certain patterns or trends in price and volume data can provide insights into market trends and potential price movements. Technical indicators can be used to confirm trends, identify potential entry and exit points for trades, and to provide signals for when to buy or sell. Moving Averages Moving averages are one of the most common technical indicators used by traders. They are used to smooth out the price data and provide a clearer picture of the overall trend. Moving averages can be calculated using different time periods, such as 50-day moving average or a 200-day moving average. A crossover between a shorter-term moving average and a longer-term moving average is often used as a signal for when to buy or sell. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold. Traders often use the RSI to identify potential trend reversals or to confirm trends. Bollinger Bands Bollinger Bands are a technical indicator that is used to measure volatility. They consist of three lines - a simple moving average (SMA) in the middle, and two outer bands that are two standard deviations away from the SMA. The outer bands represent the upper and lower price ranges, and the width of the bands changes based on the volatility of the asset. Traders often use Bollinger Bands to identify potential entry and exit points for trades. Moving Average Convergence Divergence (MACD) The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that uses two moving averages of different lengths to identify potential entry and exit points for trades. The MACD line is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A signal line, which is a 9-day EMA, is then plotted on top of the MACD line. Traders often use the MACD to identify potential trend reversals or to confirm trends. Fibonacci Retracement The Fibonacci retracement is a technical indicator that is used to identify potential support and resistance levels based on the Fibonacci sequence. The Fibonacci sequence is a mathematical sequence of numbers, in which each number is the sum of the two preceding numbers. The retracement levels are calculated based on the high and low points of a particular price movement, and they are used to identify potential entry and exit points for trades.
FX:XAUUSDEducation
by JinDao_Tai
1:7 RR XAU/USD oanda next week predactionTechnically, gold's price is also influenced by various technical indicators and chart patterns, which can provide valuable insights into the direction of the market. These include moving averages, support and resistance levels, and trend lines. To conduct a detailed analysis of gold, it's essential to consider all these factors and use a combination of fundamental and technical analysis. This can help you gain a better understanding of the market dynamics and make informed decisions about your investments. finnaly,
OANDA:XAUUSDLong
by brayanboudaa03
Navigating the Neutral Waters of Bitcoin: A Technical AnalysisToday, we'll be discussing the current state of Bitcoin. Bitcoin's current price is 23,352, and we're analyzing it in a 1-hour timeframe. The Relative Strength Index (RSI) value of 38 indicates that Bitcoin is currently in an oversold position, which might present a good opportunity for investors who are looking to buy Bitcoin. Looking at the 1-hour timeframe, we see that there is a potential resistance level of 23,972 that Bitcoin might struggle to surpass. The upper Bollinger band is at 23,643, which could also serve as a resistance level. However, the lower Bollinger band is at 23,452, and the middle Bollinger band is at 23,287, which suggests that Bitcoin is in a neutral position. The Trend Explorer indicator shows that Bitcoin is also in a neutral position, with potential volatility in the near future. The lower band is at 23,959, the middle band is at 23,444, and the upper band is at 22,930. The volume oscillator is at 8%, indicating that there is not much trading volume currently in the market. This could lead to higher volatility, which is important for investors to consider. The Moving Average Convergence Divergence (MACD) value is -59, indicating that Bitcoin is currently in a bearish trend. However, the stochastic oscillator value of 28 indicates that Bitcoin is oversold, which might present a good opportunity for investors who are looking to buy Bitcoin. As your friendly teacher, I would like to remind you that investing in cryptocurrencies is risky and volatile. It's essential to perform your due diligence, conduct market analysis, and carefully assess your investment goals and risk tolerance before investing in Bitcoin. Remember that you should only invest what you can afford to lose. If you're a long-term investor who believes in the potential of Bitcoin, you might consider buying Bitcoin at the current price as it is oversold and might increase in the future. However, if you're a short-term investor who is looking to make a quick profit, you might want to wait for the price to break through the potential resistance levels before buying Bitcoin. In conclusion, Bitcoin is currently in a neutral position, with potential resistance levels at 23,972 and 23,643. The oversold RSI and stochastic oscillator values suggest that Bitcoin might present an excellent opportunity for investors who are looking to buy Bitcoin. However, the low trading volume, bearish MACD value, and potential resistance levels suggest that investors need to be cautious when investing in Bitcoin. As your teacher, I encourage you to continue learning about the market and making informed investment decisions. Good luck!
by ShawnMCR
31
How to Trade With Relative Strength Index (RSI) Indicator Hey traders, Relative strength index is a classic technical indicator. It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change. Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tips: 💠First of all, let's start with the settings. For the input, we will take 7/close. For the levels, we will take 80/20. Then about the preconditions: 1️⃣ Firstly, the market must trade in a trend ( bullish or bearish ) with a sequence of lower lows / lower highs ( bearish trend ) or higher highs / higher lows ( bullish trend ). 2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows. 3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead. ➡️ Once all these conditions are met, you spotted RSI Divergence. A strong counter-trend movement will be expected. Also, I should say something about a time frame selection. Personally, I prefer to apply it on a daily time frame, however, I know that scalpers apply divergence on intraday time frames as well. ❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
10
SPX - Just more sidewaysA couple days ago I suggested that SPX was going to just expand below the uptrend line and above the downtrend line. My expectations are continuing to flow accordingly. The only thing that has me skeptical at this point is how oversold the 4h green wave is. But tae a look at the red, white and yellow wave. They're all curling down. The next rebound in that green wave is going to decide the next few weeks, in my opinion. Still not focusing on EWT but more on the chart formation, the momentum indicator is oversold and the green wave on the wave master is oversold. If we continue moving sideways and even if we start expanding even a little bit like I have forecasted, it'll allow the green wave to reset a bit and get up into overbought and then we could see a bigger move down instead of up. Yes, I know my main projection has this moving up, but if that green wave resets and the red/white/yellow waves are still overbought like they are now, we will almost certainly see an expansion type move to the downside. Not going to get into options premiums and decay but more than likely anybody holding further dated options are going to watch their money slowly disappear as the price action continues to chop for the next few weeks. Trade carefully and equity is king right now (both long and short style). You may be interested in bear ETFs for things like AAPL and TSLA. Careful with TSLA, though. She's a wildcard but I do believe if the market is going to expand down that AAPL has the best R/R.
SP:SPX
by bitdoctor