Multi-timeframe
Contrast Weekly vs Daily Timeframe OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before purchase - 220 and 125 or 200 and 140 strike price might be ideal. Also don't wait to long to purchases options contract, because as directional price movement becomes more apparent and as Implied Volatility creeps up the more expensive the options become.
Additional Time Frame overlay
Different time frames can be selected via controls
study("Add TimeFrame", shorttitle="TF Layer", overlay=true)
res = input("240", type=resolution)
o = security(tickerid, res, open)
h = security(tickerid, res, high)
l = security(tickerid, res, low)
c = security(tickerid, res, close)
col = c >= o ? lime : red
plotcandle(o,h,l,c, color=col)
Supply and demand 4 hour buy level - We have hit a stacked level of 3 months (grey) , 1 month (orange), and weekly (green) level of demand
As a reaction off that level we have broken daily descending daily trendline (blue)
we ave removed a valid daily level (blue) of supply and created a new ascending daily TL.
Now we have a H4 (4 hour) level to go long
This 4 hour level is the level that removed the daily level - very strong level.
USDCHF Bull Gartley on h1 and h4Two Bullish Gartley patterns:
1h
4h
Negatives:
Risk to Reward for 1st Trade: 1:0.44
Risk to Reward for 1st Trade: 1:0.9
EUR/USD BAT PATTERN "PLUS" SHORT OPPORTUNITYHi, guys.
In this great trading opportunity I would like to share you my CTS. Hopefully this can give you a valuable insight and help you to add some more considerations to your trade plan.
CTS :
1. Bat Pattern Completion (4 Pts)
2. ABCD Pattern Completion (2 Pts)
3. HT Resistance Zone (2 Pts)
4. 1.382 Fib Extension (1 Pts)
5. RSI Overbought (1 Pts)
Total : 10 Pts
That was enough for me to take the trade (above 6 Pts). I decided to Take Profit at 1.11731 right at struce, and put my SL above the HT Resitance Zone at 1.15126.
What do you think guys?
Feel free to show your interest and comment to share your thougts, really appreciate it.
Breakout Daily Level + Pullback and Long Entry posibility !We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15!
Multi-Timeframe confirmation!
Very nice Long opportunity!
RSI w/ Multi-Time Frame Ability. Plot A 2nd RSI Diff Time FrameAvailable Options on Inputs Tab!!!
RSI with ability to change first RSI to a different Time Frame.(Defaults To Current Chart Time Frame).
Ability To Turn On/Off Background Highlighting if First RSI is Above/Below 70 or 30 Lines.
Ability To Turn On/Off Background Highlighting When First RSI Crosses Above 30 Or Below 70.
Ability To Turn On/Off "B" Or "S" When First RSI Crosses Above 30 Or Below 70.
Ability To Turn On/Off Mid-Line Plot.
Option To Plot 2nd RSI to show different Time Frames on same chart!!!
Ability To Use Different Look Back Period If You Plot 2nd RSI.
