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ETHUSD - When to Start Selling? (Monthly 3MA, RSI & MACD)This is not financial advice blah blah blah and happy new year to all.
Observations from the Monthly ETHUSD Chart
+ The MACD histogram has been stuttering since the first time ETH hit around $2,500; the main drive was from $70~$2,500 it would seem.
+ The MACD 12MA (blue) has already flattened so maybe the tide is turning.
+ The RSI-based MA has flattened suggesting upward momentum has slowed down.
+ The RSI has been making lower highs and lower lows since around $2,500 suggesting slowing momentum.
+ If history is anything to go by, starting to sell when the monthly RSI makes a higher low after the peak seems a good idea.
+ The 3MA (applied due to quarterly logic?) seems to also show long term local or whole market cycle tops.
Any comments or thoughts, please share below in the comments.
Cheers.
Defined Entry & Exit Points Using MACD, W%R and 3EMA's
Easily define entry and exit points by using a simple crossover strategy using the indicators above. This
strategy is based on trend and momentum price movements. This strategy is described below.
Strategy: Defining Entry Points
Timeframe: 5 / 15 / 30 minutes
MACD - When the MACD line crosses above the Signal line, a upward trend may be occurring.
W%R - When the W%R line moves upward toward 0 and crosses the -50 line, an upward trend may be occurring.
3EMA - When the 20 MA cross above the 60 MA line, and both are above the 100 MA, an upward trend may be occurring.
When all three of these happen simultaneously, there is a 99% change that an upward trend is occurring. Your entry point should
be at a price point three to six cents ABOVE the 3EMA, MACD & W$R cross over line. Entering your position a few cents above the crossover line
reinforces that your entry is being done in an upward price movement instead of getting stuck in a sideways or downward price movement.
To Exit, simply use the reverse strategy of the Entry.
MACD - When the MACD line crosses below the Signal line, a downward trend may be occurring
W%R - When the W%R line moves downward toward - 100 and cross the -50 line, a downward trend may be occurring
3EMA - When the 20 MA crosses below the 60 MA line, and both are below the 100 MA line, a downward trend may be occurring.
Moving Average Convergence Divergence Indicator Visual EducationHello Traders,
Today I wanted to go over one of my favorite as well as one of the most widely used tools in trading, the Moving Average Convergence Divergence (MACD) indicator.
This moving average indicator was created invented in 1979 by Gerald Appel responsible for the MACD line and Signal line and later added to this was the histogram, developed by Thomas Aspray in 1986.
Now that you know who created the MACD indicator lets discuss the components of the indicator. The MACD indicator consists of 4 main components, the Signal line , the MACD line , the histogram and the zero line of the histogram often referred to as the baseline.
Below are the calculations of the different components to help you better understand what makes up this indicator.
MACD Indicator Components and Calculations (White Labelling)
Signal Line
Red colored smooth line
The signal line is simply an exponential (weighted) moving average (EMA) based on the prior 26 days closing price.
As with any EMA the formula looks like this: EMA = Closing price x 26 + EMA (previous day) x (1-26)
MACD Line
Blue colored rigid line
The MACD line, similarly to the Signal Line is also an EMA based on the prior 12 day closing price.
Also, similarly to the signal line it uses a similar equation to display the line which is: EMA = Closing price x 12 + EMA (previous day) x (1-12)
Histogram
Green and Red vertical bars charted around a horizontal axis known as the baseline.
The histogram is determined by subtracting the signal line from the MACD line. This is easier to interpret than looking at the two lines alone,
since it is sometimes difficult to tell if one curve is steeper than the other. The histogram is positive when MACD is higher than its nine-day EMA, and negative when it is lower. This oscillator is
definitely a nice touch to the indicator as a whole and my personal favorite indication for divergence which I will teach you more about in part 2 of this series.
Histogram Zero line Aka "Baseline"
This is the line in the center of the histogram oscillator that is also referred to as the baseline. This line is important as you will see later when I explain the signals this indicator creates. This line is calculated by the MACD Line and the Signal line crossing. Which is another way for you to see that the lines are crossing both bullish and bearish crosses.
The calculations behind each part of the indicator is not really information that you need to remember as @TradingView has put a nice suite of house tools for you to use that
calculate this for you but, I find that the more you know the better you are able to understand these charts and who knows, maybe someday this will help you crate your own
indicator using the pine script editor they also make available to us for free. Also, if you understand the math it helps you when editing the settings to adjust indicators better
per the asset you are trading.
MACD Indicator Signals (Yellow and Teal Labelling)
Now lets go over the signals that this indicator produces help with the way you can utilize this indicator to help you trade. A key note to remember is that the MACD indicator is a Moving average
indicator and is best used in a trending market. You can identify a trending market by looking for price action that is heading in one solid direction up or down. Tending markets are usually noted by “higher highs”
and “higher lows” in an uptrend and “lower highs” and “lower lows” in a downtrend . This indicator is best used to help you determine trend reversals. There are also 3 major signal components to this indicator but, in this first series we are only going to discuss 2 as it is important to understand this indicator before moving onto the next step and applying the more advanced features. These 3 major components are MACD line crossing over the Signal line and both signal line and MACD lines crossing over the zero line on the histogram .
MACD Cross (Yellow)
The top MACD line (red rigid line) crossing down over the Signal line (Blue smooth line) is a bearish signal and generally indicates a sell signal letting you know that the price action has potentially came to the end of an uptrend. Again, this is used mainly in trending markets and can be very helpful to assisting in taking profit in a long position or starting a new short position.
In contrast to the bearish MACD cross , you can also see on the bottom of the chart that there is an indication of a bullish cross of the MACD line (Red rigid line) over the Signal line (Blue smooth line). This would be a good indication the the downtrend has ended and it may be a good time to start a long position or close a short position.
The Histogram Zero line cross (Teal)
There are 2 signals you can get from this but the one that matters in my opinion the most is the signal line. So for the sake of explanation I have shown them both together as both bearish and bullish signals on the chart. Now that you know about the signal line and the MACD line it should be easy to identify when these two lines are crossing the zero line of the histogram that we have also discussed. As shown in the chart you can see that the bullish cross is showing the two lines coming from below the Zero Line and crossing above which would be a bullish signal and you would be looking for a buy, potential start of or continuation of an uptrend. On the contrary, if these lines crossed from above the Zero line below then this would be a bearish sell signal and you would be looking to open a short position, be looking for a reversal of an uptrend or continuation of a downtrend.
Now here are some key takeaways and tips you will want to always follow when using this or any other indicator.
#1: Make sure you know the type of market you are trading by analyzing the market structure. Is it trending and creating higher highs and higher lows, lower highs and lower lows? Or is it ranging in almost a rectangular box?
#2: KNOW YOUR INDICATOR and the best market it is used in, again, the MACD Indicator is best used in a trending market!
#3: This is probably the most important of the 3, It is a must that you learn everything about each indicator you are using and to never use ONE indicator/Oscillator for signals stand alone by itself. Trading just like anything else in life is a numbers game and the better statistics you have, the better outcome you will receive.
Congratulations Traders! You now know the basics of the MACD Indicator!!! I hope you will come back for part two and three of this series that I will be releasing after the new year to help some of the new traders entering this ever expanding community here on TradingVeiw!
Part 2: MACD and RSI Divergences Visual Education Release 01/01/2022
Part 3: Falling wedges and Fibs Release 01/02/2022
I hope you had a green year and look forward to learning and trading with all of you winners next year!
Happy New Years,
Savvy
#Bitcoin's Bull-Run Continuation...Bitcoin wicked down to $40,800 during November, shocking traders and causing extreme fear. With that, came Technical Indicators alerting us to the fact that #Bitcoin was extremely oversold. RSI hit previous support it had when it fell to $30,000 over summer. #Bitcoin is highly resilient and on-chain indicators, supply, historical data, TA. and fundamental analysis, are screaming that #Bitcoin will continue onwards towards $100,000 and maybe even well past that by next summer. Certainly, I don't have a crystal ball and ANYTHING could happen so, this is merely my opinion based on analytics, confluences, and discussion amongst others. This is NFA (Not financial advice)...
Bitcoin is going to $150K+ by July '22.
Why?
- Bitcoin/USD is showing great buy volume on the weekly chart. The bottom seems to have formed near the $40K region (due to liquidation mostly).
- Shorts are get destroyed right now, expect a squeeze to push us past key levels of resistance
- BTC/USD showing signs of reversal
- BTC/USD chart details support and key levels where $BTC has bounced
- RSI SMA 14 details simple moving average which $BTC has not fallen below after a rally from the bottom during halving cycle... KEY LEVEL TO WATCH!
- RSI has same levels of support as BTC/USD and is showing signs of reversal as well
- RSI showing extremely oversold at $40-44K area
- Remember, RSI works as a leading indicator... we are just getting started
- Market sentiment has improved... F&GI* reaching "fear" levels
- WEEKLY MACD showing possible convergence of of bullish cross in coming months
- 1D MACD has already signaled a bullish cross... we are far from seeing a bearish cross. I would expect one closer to next summer unless there is FUD
Overall, Bitcoin is extremely oversold and 2022 will bring new opportunities for crypto markets (regulation, adoption, awareness, and most importantly, time).
DESTINY ARRIVES ALL THE SAME.
MERRY CHRISTMAS!
PS. Refer to my links to related ideas below to see how these predictions have played out so far :) Enjoy!
*F&GI: Fear & Greed Index
Bitcoin Daily Aggressive LongCOINBASE:BTCUSD daily is giving the opportunity for an aggressive long.
Today's bar broke a small trendline and MACD has crossed above the signal line.
I would say now is the time to get in if you want to be early on the next possible move up. If you want to be more conservative there will probably me more entries later on with more evidence but you will pay a higher price.
DENT recovering pretty well.I see some things that make me think DENT could pump in the short term.
First of all huge ascending triangle, we've broken some minor resistance, but we still have to break the top of the bigger ascending triangle, that will be a key area of resistance.
Thankfully for now, in the 1H time-frame, we've claimed the 50EMA, which is nice, claiming the 200EMA is the next step to get a confirmation of the uptrend. That could take a couple of days and even weeks.
Overall I like what I see, if BTC does its part and keeps holding 50k, I don't think we're seeing DENT any lower than this.
RSI:MACD advanced indicatorgreetings, hope you're doing well and thanks for your likes and comments .
Today i'm gonna teach you how to mix two indicators there's lots of indicators that you can mix together and use them, at this tutorial i'm gonna try adding MACD and RSI .
1_ Once you have added the RSI indicator, you have to open RSI settings.
2_then you have to process the way below : go to settings > go to inputs (its a tab like button above) > open source, select MACD:MACD .
congrats you have mixed these two indicators, but it haven't finished.
3_ after these steps you have to go to style tab > set the upper band on number 66.66
4_ you have to turn of the check of middle band (there's no need to use it;)
5_ then, set the lower band on number 33.33;
well done !
"Guys there is no any %100 true analysis" .
you should buy if the RSI line goes upper than lower band, you can expect growing up the price
you should sell id the RSI line goes lower than upper band, you can expect getting down the price,
thanks for your likes, and comments <3
If there was any questions, i will be so glad to reply to your messages !
$EWCZ looks like it's accumulatingEWCZ Euro Wax Center appears to be accumulating after an ER drop (despite beating). Buyers keeping it above $26, I went long commons because I like the R/R and MACD bull cross / momo turning implying a move to the upside , also closed above 8 and 21 EMAs. Stop loss $25.9, first PT $30.
MACD candlestick strategy on CryptoSo im just introducing this strategy, it aint something special but it's been working for me and im just trying to elaborate my own strategy.
I've been practicing this strategy on CTKUSDT cause i like the project and it's a slow and steady pair, I've tried it also on XRPUSDT and TRX usdt im sure this strategy can be use on other pair and even Forex, changing the % of taking profit and risk slightly considering how much volatile the pair is.
There is only few step to this strategy so it's pretty easy to follow and here it is.
The Setup : I only use one MACD indicator setup at 21-89-9 and one SMMA 150 making it super simple. Finish it by putting the chart on the 5 min and you are all set.
The Rulel: there is 2 types of signal Buy and Sell, you can only buy when above the 150 SMMA and sell when below eliminating some fake signal and trading with the trend.
The Signal is given after 3 Falling bar (when below SMMA ) or 3 rising bar (when above SMMA ) on the MACD Histogram. This is the signal to put a buy or sell limit order. Limit order is important here cause this is not a trading instantly with Market order.
Entry: the entry point is quite simple but a short process cause i haven't find the indicator that could help me with it. Its is not a problem cause it = normally takes less than 30 sec to calculate it. The entry is where the prices has the most amount of candles in the past 160 candles. For me this mean that there is the most amount of trades that has been done at this price ( trading psychology where trader will either close their trade causethe price is coming back to their entry price or opening one cause this is the perfect entry)
Exit For CTK the movement are around 2 % on a winning trade, can sometime go to 5% but those are way less frequent. So my strategy consist on taking a 2% profit and taking a 1% loss making it a 2:1 RR
This is a pretty simple strategy to follow with hard entry, exit and plan. no question ask or doubt in mind, just gotta follow the plan.
Hope this can be helpfull for you and if you got any advice or question don't hesitate.
P.S If you are good at making indicator i could really enjoy creating one that calculate the number of candle at a certain price.
SOLANA show us up movement to next targetHello my friends
for now I want to talk with you about SOLANA
as you see guys market was testing Support(180.1050) Then MARKET began to rise towards the resistance and whats happened he broke it
Now after the break, the market will start to accelerate in the coming days to next target (260.0000)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
My unique indocatorHey guys hope you are doing well at this idea, im going to teach you my indicator, it's made by MACD and RSI indicators it a mix of two indicators which you can use it for making money !
at first you add RSI indicator to your chart, then you go to the settings of RSI the you face to another indicators you should select MACD ,
as you can see if the RSI line breaks down the higher line the price will get down and reverse , you could take your money to short or long positions , this tutorial hasn't finished yet ,
if i see that you loved this indicator i will teach that fully ,
don't forget that this indicator raises down the risk to lower than %10;
thanks for reading !
XAU/USD: divergencesGold showing us bullish divergence in the price action and both indicators (RSI and MACD)
We look in the price actin making a lower low and RSI making a lower high. Meanwhile, in MACD it's appear that we continue in up direction.
Now, I want to share you this analysis in H4 timeframe we're we look indicators oversold and we could to look a bullish reversal in the price.
NIO could break the downtrend line upwards NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share.
The MACD indicator is right now pointing upwards, which means that the two lines that provide its signals could cross in the following trading sessions, providing a more clear buying signal to the market. Therefore, we will be waiting for a breakout signal.
On the other hand, whether the downtrend continues, a triangle figure could end up being created.
Quickpost on ThetaTheta has finally broken its resistance and I see a lot of upside for the rest of the year, maybe into Q1 next year. I am looking to take profit at about $40 and if/when I see some consolidation patterns I will double up at major fib levels with some of the margin I create in the move.
Quick look at technicals
We are above the SMAs on this break out and the MACD is positive and above the signal line, and both are above zero. Also, the 9 seasons rainbow shows we have established a base and afterwards have established a clear uptrend.
On a higher time frame the volatility indicators suggest we are in a uptrend and we have broken above the 20SMA.
On the 4 hour we can see that the price action has retested the resistance line as support. It may need to retest further but the lower time frame volatility is likewise favoring a uptrend.
Trade Management
I am keeping my stop where it is for now until it seems that the chop around finding support on previous resistance is done then I will move my stop loos to guaranteed profit while I let this run. I do expect more chop around each fib level as we move up but I have a good entry for what I feel is a good RRR on a long shot.
DENT don't panic.As you can see we're still in an uptrend.
Ascending triangle structure is still in play.
The 50SMA worked as great resistance.
Finally we can see that 0.006 has worked as support and resistance multiple times lately, so we can see that's a point were people are interested in buying.
This market correction could be the last one before we head towards the proper alt-season.
$IOST - Bullish Pinbar formed in Daily. Entering LONG#IOST has formed one of the most beautiful chart formations for me, consisting of a Daily pinbar in a strong support zone plus the MACD forming a twist in its MA’s, indicating a strong exchange in market direction.
ADX is super strong also, indicating the strong power of the current trend.
Placing Long positions from right here.
**WILL BE UPDATING**
DENT golden cross.I think I've been looking at DENT from the wrong perspective. In the longer time-frames I can see how DENT did a golden cross in the daily chart. Last time it did that DENT went up almost 100x since the signal.
Don't get too caught up in the lower time-frames, the price is way too unpredictable there, I think.
But what do you guys think? Opinions?