Description of MRHAB-T Indicators for Creating Trading StrategieHello?
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We have prepared a time to give an overview of the MRHAB-T indicator.
This indicator is an indicator that can be used without restrictions if the public idea chart is shared.
(MRHAB-T indicator is an undisclosed indicator.)
Those who use TradingView for free have restrictions on sharing charts, and it is possible to share charts with one person in an expedient (?) way.
If you think the published idea chart is cluttered or difficult to see, share the chart and use the 'Hide all drawings' function.
What we can tell by looking at the chart are things like trends and points that act as support and resistance.
This will come naturally if you keep looking at the chart.
In particular, trends can be better seen by looking at what the chart looks like after it has been drawn.
However, you don't have to look to the past to make a trade.
You need to be able to predict what will happen in the future.
In order to know this, various analysis methods exist, and many analysis articles are coming out accordingly.
You think what you need to know through analysis is whether it will go up or down in the future, but you can actually trade with it.
You should be able to predict trends through analytics, identify key points in those trends, and create trading strategies to trade.
Studying charts analyzed by others is a waste of time to analyze again.
By reading the chart analyzed by others, that is, the analysis, you have fulfilled your role.
In order to make an analysis that suits you, you need to analyze it according to your standards in my chart.
If not, it will be difficult to create a trading strategy and there is a high possibility that the response to price volatility will be insufficient.
When you look at my charts and analyzes, what you will take with you are my indicators.
This is because these indicators were created to obtain more objective information more quickly while trading for many years.
1. The MRHAB-T indicator on the price chart has
- There are Heikin Ashi, MA-Signal, Bollinger Bands, MA where you can see the trend,
- OBV, -100, +100, RSI80, RSI20, High, Low, MACD-P indicators to indicate support and resistance points;
- There are HA-Low and HA-High indicators that indicate trends and points of support and resistance.
- In addition, there is a candle display according to the increase or decrease of the trading volume, and an oversold and overbought section of the RSI indicator.
2. As an auxiliary indicator
- OBV included in the trading volume indicator,
- Stoch RSI included in Long/Short-S indicator, overbought and overbought sections of RSI are displayed;
- When the CCI(9) indicator included in the CCI-C indicator rises above 100, the overbought section is displayed, and when the CCI (9) indicator falls below -100, the oversold section is displayed.
There are secondary indicators.
It is recommended to use all indicators, but at a minimum, it is recommended to use only the HA-Low and HA-High indicators, which indicate trend and support resistance in the MRHAB-T indicator.
(1M chart)
(1W chart)
(1D chart)
(1W chart showing only HA-Low and HA-High indicators)
Since the use of indicators is used to obtain objective information, it is necessary to understand and use the core interpretation method of the indicators used.
It is recommended to interpret too many interpretations of one indicator as a weighted core factor in the interpretation of the indicator because it leads to subjective judgment.
If you look at the charts shown above, you can see that most of the movement started at support and resistance points.
Thus, it can be seen that the support and resistance points are providing objective information.
You should look at the support and resistance points for at least 1-3 days to see if there is support or resistance.
Depending on the time period chart, the main chart that identifies support and resistance points is the 1D chart.
Therefore, even if the period unit chart you see is the 1h chart, you should check the support and resistance on the 1D chart.
Support and resistance confirmation on the 1h chart is a chart that is formed every hour, so it is used for very short trades and requires a quick response.
The indicators that indicate support and resistance points in the HRHAB-T indicator mean that the longer the horizontal line, the stronger the role of support and resistance.
So, if you have short and long horizons side by side, you can base your trading strategy on the longer horizon point.
We'll talk about secondary indicators later when we have time.
