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BNB will continue to rise! Long-term perspective!BNB review for a long-term trade. After analyzing the trend structures, I can assume that the price of the coin will continue its upward movement to the values ​​of $400+. As can be seen from the signal of the indicator, the breakdown of the descending structure occurred at the end of July, where the descending trend line was also broken. And from these values, the trend was not broken. Today, the trend line was tested from above, which indicates the confirmation of the ascending structure and continued growth. Goals for moving up $400-$450. Here in these values ​​and the next downtrend line. The indicator also did not show sales yet, so the reference is only to purchases.
Long
by Lo_lo_nya
4
TRADINGVIEW PINESCRIPT CODERS PRO+ USER NEEDS TRADERS , I'm looking for pine script coder, programmer to create me a automated indicator that can calculate my new (TDV) TOP DOWN VOLUME ANALYSIS INDICATOR idea, using the multi time frame top down analysis approach, I came up with this idea based on math, time frames, percentages of volume calculating it manually taking the color (red) for bearish/shorts and (green) bullish/longs of the last 3 out of 5 candle volumes in each time frame from 1m to 1w with total time frames (18) giving each TF a value #1-3 giving more value and weight to the higher TF and lower values weight to the lower as that's how top down analysis multi time framing work's I'm putting sample on screen with description and my new TDV ANALYSIS logo. IF ANYONE IS INTERESTED IN BUILDING/CREATING THIS INDICATOR please pm me on here so we can talk, just want to say that many traders believe price is king and most indicators are lagging but i believe VOLUME is the true king because its what pushes price and momentum and volatility so i believe there can be a holy grail indicator that has not been adopted or built yet and i think this idea has very good merits and could be just that, a all 4 in one leading indicator to take buy and sell trades based on volume alone as long as you know if its the bulls or bears with the volume power, a signal of say 100% bullish or bearish volume could be a great catalyst for a nice price move and momentum once alerted or signaled. thanks guys, tradingbugtech & traderdadzz
by TRADERBUG_TECH
BTC investment idea!The global movement of BTC remains under the downtrend. After the fall, the price came to the support of $15,500 -$15,900. I don't expect a long reversal yet, as there is still support from below at $12,050-$13,300! Also, the indicator, which works on the basis of a surge in volume, did not show entry into a long position. Since January of this year, the short scenario has been in effect. The indicator, of course, gives signals for buying and selling, but always conduct those yourself. market analysis. At the next support ($12050-$13300) I will consider purchases in the investment portfolio!
Long
by Lo_lo_nya
1
Why my indicators are open-source, and why yours should be tooThis post explains my mindset of why i publish only indicators and only under open-source. A common opinion is that if an indicator or strategy is publicly known, then it cannot be profitable. In economics theory, this is known as the efficient market hypothesis(1), which states that once a strategy is widely adopted, it is integrated in prices and hence cannot be profitable anymore. Hence, it is a legitimate question to ask: are any of the open-source indicators useful for professional trading? I do not believe in magic bullet indicators, those that are claimed to indicate when to buy or when to sell. I don't think any indicator, or even any set of indicator, can reliably do that over the long term in any market without human intervention to decide at some point when the signals are true or false positives. Likewise, i do not believe automated strategies can reliably be profitable. Hence, my focus is to design indicators that can help reveal hiddee structures or simply help in visualizing faster and more easily market's data. As profitable traders know, the raw price action still rules above all, with volume and order flow being the next best metrics, but we can design indicators to give us an edge in terms of time spent analyzing the market, and this is what all my work is focused on: to save me time and reduce interpretation errors. And maybe it can be useful to you too. Indicators are merely a tool, and no two people will use them exactly the same. Just like giving a fishing rod doesn't make the recipient a fisher, i don't believe that just because indicators are free or open-source they lose their utility. The whole world is fishing, yet any competent fisher can still catch fishes, because they know where, when and how, it's not just because they have a fishing rod, and arguably, the fishing rod is only a necessary tool, but not the most important thing that makes them competent fishers: what makes them competent fishers are skills. In summary, i am trying to help in understanding the market, not in predicting it. Assessing likelihoods and probabilities of future events and knowing what you can do are your job and depend on your skills solely. If you don't know how, there are free online tutorials(2) to get started, but nothing replaces experience acquired through hard work. For example, one of my favorite ways to visualize is to encode sentiment related infos as a coloret bar at the bottom, or by highlighting the background. These representations may be simplistic, and that's the goal, anybody can understand them intuitively without even looking at the description, yet they can encode very complex and heterogenous information. The human brain remains the best informational system when it comes to integrating huge volumes of heterogenous data, as the financial markets generate. So my indicators are meant to boost brains, not replace them. Even artificial intelligence bots have a hard time being profitable (i know, this is my original field of expertise, they require near constant monitoring to avoid potentially catastrophical errors and tweakings to adapt to the market). There is simply no shortcut to hard training when it comes to becoming a good, profitable trader. Hence, even if my indicators are, I believe, vezy helpful to understand the market and can gice an edge, and ecen though I use several all the time, to be honest, you likely won't get any benefits if you don't know what you are doing, if you are inexperienced with trading. The above explains why i think publicly available indicators can still be useful, but not why i publish under open-source, which is anither step beyond free but clised-source publication. Truth is, I am marvelled by the open-source spirit in the TradingView community, which is the biggest database of open-source financial indicators ever. As I strted above, these indicators are unlikely to be profitable on their own, but that's not the point: sharing indicators is sharing an idea, a concept, a blueprint, that can then be developed further, or be food for thoughts for a whole new indicator, or just broaden your horizons of how you view the markets. Therefore, I decided to stay in this spirit and publish all my indicators under open-source. I am very grateful for the giants on which shoulders I stay, and I am eager to hear feedbacks on my work, so we all further our collective understanding of markets! Enjoy, and be safe! Tartigradia (1) Timmermann, A., & Granger, C. W. (2004). Efficient market hypothesis and forecasting. International Journal of Forecasting, 20, 15-27. (2) cobie.substack.com
INDEX:BTCUSDEducation
by tartigradia
28
HOW TO USE TECHNICAL INDICATORS TO MAKE PROFITS IN TRADING Always combine technical analysis with fundamental analysis Successful traders always combine the two types of analysis. This is because technical analysis tends to focus on the past events and fundamental analysis focuses on the present and future issues. In addition, there are certain situations where technical analysis will not provide adequate solutions. For instance, technical indicators are not programmed to predict the outcome. In such situations, it is important to rely on fundamental analysis and avoid the market because no one knows the exact number and how the market will react. Understand the indicators It is also important to understand the indicators to use. Different one have different ways of analysis. It is important for you to take time to learn these indicators and how they should set up. There are many learning materials which one can use to learn how the indicators work. I recommend that you take at least 2 months to learn the indicators using a demo account before using real money. Use Few Indicators As stated before, many traders make the sad mistake of using very many indicators at a go. Always remember that two is a company, three is a crowd. Traders who use more than two indicators at a go make mistakes because of poor visibility and poor market data interpretation. Therefore, I recommend that you use at most 2 indicators per trade. Patience In day trading, patience is an important aspect without which no trader can make it. In fact, some indicators are usually require more time before their predictions can come true. Following these tips, your indicator-trading will go to the next level. Do you agree with all these tips? Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
11
TRADINGVIEW PINESCRIPT CODERS PRO+ USER NEEDS YOUR HELP ! traders i am looking for help creating a volume strength indicator i have created and back testing manually, everyone believes price is king but i believe price is just the amount of traders trading and how much volume dictates price action, indicators today are great and i do use them 2nd to price action and volume but believe volume is the true king so i created a idea using multi time frame top down method like dr. elders triple screen, im using (14) time frames and getting the most recent 5 bars volume and taking the average of the 5 bars and giving each time frame a vale 1-3% giving the lowest time frames the lowest number percent and the higher time frames the higher value percentage, then i add up each bull/bear volume and put it in a standard win rate calculator to get the winning volume percentage average, im now back testing manually every 1h if i were looking for trade set ups on the hourly tf and the 4h for day trades and intraday trades have written a pdf with all the details on how im back testing and what i want the indicator to signal for buys and sells based on the percentage of overall volume i have manually calculated using my values, please is anyone interested in building this pine script indicator i want to use on trading view as a paid subscription service once its been back tested and has a good win ratio/rate, anyone ,all trading view coders if u think u are interested in building and testing with myself please pm me, thank you.
Education
by TRADERBUG_TECH
How to select effective indicators for your strategyNot all indicators are useful: most are not, and some are downright misleading. Previous posts and studies, such as LuxAlgo's(1), determined that effective indicators need to: 1) produce data to support the trader's decision-making process, not substitute it with automated strategies, 2) produce non-redundant infos. But how do you select indicators in practice? Here, I share my own step-by-step process to select effective indicators for your strategy. My approach is to use a two-stages process: 1) Expansion, 2) Contraction. This is the same process that happens in our brains when they develop, first there is neuronal and synaptic expansion, creating lots of new connections that are not necessarily efficient, then there is contraction, which weeds out useless, redundant or ineffective connections. Here, the idea is similar. ## Expansion: try all the indicators you want ## In the first stage, you just try any indicator that sounds like an interesting idea. The way you select the indicators is up to you, either it can be because it sounds like a good idea, or because it's in line with your main strategy (eg, a volatility indicator when your strategy is contrarian). Whatever criteria you choose, you should: 1) Remain open to new types of indicators potentially outside your main field, as they can broaden your horizons, 2) Remain skeptic of any claims of effectiveness until you test the indicators and see tha they work for yourself (in the second stage: contraction), 3) Study the indicator to understand how it works and why it works. Don't just blindly use an indicator without knowing what it actually represents precisely, otherwise you will get bit by its limitations and false positives at some point in the future, likely when you will have a lot of money on the table to lose! Once you have selected a set of indicators, or if you have reached the maximum number of indicators you can add in your TradingView plan (as it happens to me!), then you can go to the next step to weed indicators out. ## Contraction: drop everything that isn't directly useful to you## In the second stage, we will extensively test the indicators for ourselves, on the assets we are interested in, and in others as well, to "field test" them and see if they work in our strategy. Indeed, trading and investment rely on a balance between collecting enough infos and keeping it simple enough (KISS principle(2)) to support our systematic decision-making process, without information overload which can produce decision paralysis. The contraction/filtering process is more involved than the first stage, because you have to do the manual, dirty work of testing, it takes time, but this is the only way you can see whether the indicator work as intended and that they work for you. No two people will use the same indicator the same way as I explain in another post (3), so bear in mind that some indicators that may not work for someone else may work for you, and inversely an indicator that works for someone else's strategy may not for you, so the popularity of an indicator is no indication of effectiveness. Here is a step-by-step outline of my process, feel free to add more steps depending on your needs: 1) Signal-to-Noise test: test on weekly and daily. If the indicator can't be reliable, can't produce good signals with low false positives and high true positives on these long timeframes that are much less noisy than shorter timeframes, then they are useless. Some people claim that there are indicators that work exclusively on lower timeframes, I am not trading such smaller timeframes although I can trade down to 15min, so your mileage may vary, but I remain yet to be convinced that this is true. 2) Redundancy test. If you already found a good indicator that works reasonably well for you, then compare any new indicator to this "best" indicator as a benchmark reference point. This will allow to weed out indicators that cannot provide new, non-redundant data. For example, in the chart of this post, I study correlations, which I compare against the signals generated by my RSI+ (alt) indicator which I consider one of my most reliable. Of course, the signal is of a different kind, but it still provides me a reference point as to whether the correlations can provide me with an additional edge or whether I should just stick to using only the RSI+ indicator. In practice, if the new indicator(s) can provide new, non redundant data, as shown by slightly different predictions in different scenarios or maybe a bit earlier, then great, I keep them. If not, for example the indicator does provide reliable info but it would lead me to take the same decisions at the same time, or worse, later than my best indicator, then I remove it. 3) Generalizabiliy test. Test on multiple markets, on mutiple timeframes, to check generalizability: if it doesn't generalize, the model is overfit on one target market's history, and this likely won't even work for the future if this same market, ie, this is an issue often encountered for models made specifically for bitcoin or ethereum. 4) Misleading test. Use bar replay, to check how the indicator behaves in realtime: does it sprout a lot of false positive in realtime, or is it as useful and predictive, or better, in real-time than when used for historical bars? Or worst being repainting indicators rewriting the past, such as pivots or zigzag, they look super accurate aposteriori but it's only because they cheat (see tradingview pinescript fage about that), using bar replay will help you detect them 100% of the time. Bar replay is one of the best tools you have to test indicators, don't underestimate it. Yes, it's time consuming, but it's well worth it, and you'll become quicker and quicker to use it over time with experience. For more information about the different types of repainting indicators, there is an excellent article in the PineScript documentation, it's worth reading even for non-coders(4). 5) Grouping and intra-class comparison. Finally, group indicators on the same study, so you can quickly answer a question eg about volume and volatility, or about market cycles, etc by checking the adequate chart. Otherwise, if you mix indicators between different charts, it will take you longer to analyze and compare the various signals. Also this allows to compare similar indicators between them to see if they really are useful, non-redundant. For example, in the chart above, it's a Correlations grouped study, so I added almost exclusively correlations indicators; while the delta-agnostic and (pearson) correlation coefficient both provide non-redundant infos, Spearman correlation and Kendall correlation indicators are redundant, although they shouldn't (they should capture non-linear relationships, whereas Pearson can only capture linear ones), their results aren't any different in practice with the pearson correlation coefficient in terms of significant signals they generate that would change my decision process, so we could drop two out of these three correlation coefficients, which would unclutter our chart without losing any data. ## Wrapping-up: continually refine your indicators ## At the end of the day, it's important to continually try to adapt to the markets. Indicators can continue working, while others may fail, or in the end you find them too difficult to use in practice with your strategy. Your strategy may also evolve over time, and so your indicators should too. Don't ever feel attached to your indicators, you can revisit and question their utility at anytime, and you can go through the steps above again, and drop any indicator at anytime, even if they were useful before, what matters is whether they are still useful now. There is also a next step for those who are open to learn programming: creating your own indicators. Not so much to create unique opportunities, although they might, but to better understand the market. You should view indicators as a way to better understand some facet of the market, indicators answer the specific questions their authors wanted to find an answer for. So by using indicators of other authors, you are reading the solutions to others questions. But you can also form your own questions, and then the next logical step is to develop your own indicators to find your own answers. And hopefully share them under open-source, so that we can all learn together (and this likely won't impact your profitability, to the contrary, as I explain elsewhere!(3)). In summary, we can quote Bruce Lee, who described a very similar process for his mastery of martial arts as he taught his own named Jeet Kune Do: "Absorb what is useful, reject what is useless, add what is essentially your own." I hope this post was useful to you, and if you have an idea of a criterion or a step you use to select indicators that I didn't list above, please share it in the comments! Enjoy, Trade Safely! Tartigradia (1): Technical indicators: what is useful and what isn't , by LuxAlgo (2): en.wikipedia.org (3): Why my indicators are open-source, and why yours should be too , by Tartigradia (4): Repainting — Pine Script™ v5 User Manual v5 documentation
INDEX:BTCUSDEducation
by tartigradia
THETAUSDTHello Dear friends Currently, the price is in a long-term descending channel. The positive divergence of RSI has also been issued for us in the daily time frame. But on the lower time frames, our resistance range is still in place and the upward trend has not been placed above the $1.296 range. On the other hand, the upward trend line has broken down and the price range of $1.236 is on the way, which is an important area. As a result, we expect to react to this range and form a corrective trend up to the area of $1.085 and $0.989. We would be happy to hear your comments
Short
by FiboTech
4
Theory Of Visualization And Powerful Concept For Trader 🌆In today’s TradingView Post, I’m going to talk about the one Concept that Nobody Talk About and It Is Very Useful For Traders. You see, very often traders are bent on making trading a Right or Wrong endeavor. The moment they place their Trade, they do it with an expectation of Profit. Now, on this trade.  And that’s the Wrong Mental approach to have, that’s the Wrong mentality to adopt in this endeavor. Because the Market doesn’t work like that. To Trading requires clear rules about the actual trade execution as well as with regards to the mental condition. Both requires training which on the one side can be achieved through Screen Time And Focus however Visualisation one the other side represents an Effective Concept to further strengthen the own Abilities off the Screens. In This Post we Investigates the Concept of Visualisation and Try Make it to the Topic For Trader. ok let's go . * . * . * "THE THEORY OF VISUALISATION" Brain Studies provide a Strong Scientific basis for How and Why Visualisation works. In Some Neuropsychology Research reveal that Thoughts Create the Same Mental instructions as Actions. Mental Visualisation has an impact on many Cognitive Processes in the Brain Confirming the Brain is getting trained for the actual Physical performance during the Visualisation in other words We Stimulate the Brain activity through Visualising the same way as when Actually performing the Action. The Thalamus is the Responsible Part of Brain which serves this Unique role , ranging from relaying Sensory and Motor Signals , as well as regulation of Consciousness and alertness It makes no distinction between Inner and Outer realities, Therefore , any idea that is Visualised intensively enough will take on a semblance of reality in the brain - the actual belief becomes neurologically real and the brain responds accordingly. This effect has specifically been visible when people Meditated intensively on a specific goal over an extended period of time. The Brain begins relating to that Meditated idea as of it were reality . During the research, Neuroscientists discovered Two VERY FUNDAMENTAL Characteristics the Brain that Help Visualisation Work the way it does.. First : the Brain thinks in Pictures Second : the Brain cannot distinguish whether something is just Imagination or actually Experienced. ( And There are people who believe that pain and illness are not real. They usually also believe that the universe is essentially a figment of our imagination. How we got imagination without having a brain escapes me, but think “The Matrix” without an underlying reality .) Lets Back To The Topic... Just Remember this. Brain Think In a Image And Cannot Distinguish Whether is Real or Not.. THE BLUE-PRINT It was noticed that Visualisation creates Neural Pathways in the Brain which act as a Blueprint to be Followed in the actual Physical Performance concluding while Visualising the brain creates the same neural pathways as actually doing it. Psychologist Sian Leah Beilock of University of Chicago has done Research in this Area and considers Visualisation an important aspect for setting any goal since much the Unconscious Brain is build around a Visual Construction of the world. Many studies have confirmed that Visualising the performance actually improves the Execution in the Real World. Neural Connections are formed and the Strength of the Connections is directly proportional to the intensity of the Individual's Imagination feeling strengthens the Neural Connections. Famous Actor Arnold Schwarzenegger have confirmed to use Visualisation techniques to cultivate a sense of belief , build confidence and create momentum to realise their ultimate goals. " The more I focused in on this image and worked and grew, the more I saw it was real and possible for me to be like him .” - Arnold Schwarzenegger " It’s the same process I used in bodybuilding: What you do is create a vision of who you want to be — and then live that picture as if it were already true .” - Arnold Schwarzenegger TRANSFERRING THE CONCEPT TO TRADING Finally , transferring this concept to Trading , Screen Time can be extended to Visualisation Getting into a Meditative mode and Visualising your Trading Plan and Rules helps to better Internalise them getting a clear picture of what to look for. Additionally , different Trading Scenarios can be visualised like the Perfect Trade Including the location and setup, Reversal and Breakout situations. Also Scenarios where a Sense of Anxiousness is Experienced can be Recreated during the Visualisation to Train dealing with the Respective Emotions and be better prepared in live Situations. When a Concept is Visualised over and over , the Brain begins to respond as the concept was real the Respective Neural Connections are formed. Ideas for Visualisation can be taken directly from the recent experience or trade reviews for example providing a clear focus on what to visualise. As a result , those Concepts begin to feel more obtainable and Real Motivating other parts of the take intentional action the Physical World... CONCLUSION The Brain not know whether your Visualisisation is real or not and Try to Visualize Sweet and Bitter moments Over and Over in Trading to Create a Respective Neural Connection to build Confidence ,etc That will helping you in Trading.. END.. *Thank For Reading Guys no more words. Just Wishing you Profitable Weeks!! Regard Valerus Source: Bladerunner 2049 Movies Wallstreet Journal Uctrading
CRYPTOCAP:XRPEducation
by Zestiria
3
PCC Ratio is looking BullishI have an alert for when the 10-day moving average falls below .8. The PCC spends most of its time between.8 and 1 when the 10 moving average falls below .8 you can count on a bearish reversal in the market. As of right now, we are above that with plenty of room. The reason why I bring this up now is that if we mid-term rally I'm looking for a strong bull push followed by a reversal before we trend. Setting an alert on the PCC for .8 and 1 crossovers will keep you on the right side of the market.
USI:PCCLong
by Optionism
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi