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HOW-TO: Auto Harmonic Pattern - Screener [Trendoscope]Hello Everyone, Here is a short walkthrough on our latest indicator cum screener - Auto Harmonic Pattern Screener. In this video we talk about few things. Auto Harmonic Pattern Screener and how to use it Different settings and Chart components Differences between Auto Harmonic Pattern UltimateX and Screener and how to use them together to find patterns and study them in depth. Common settings between the scripts and different use cases This is a premium script which is part of Trendoscope Premium Indicator subscription. Please read the "Author's instructions" section of the script to know how to request for trial and subscription. Please try and let me know if you have any feedbacks and report if you notice any bugs. Thanks very much for watching the video and using our indicators. Have a good day and enjoy your rest of the weekend :)
Education
by Trendoscope
10
What You Need To Know About A Ranges Trading Strategy!What You Need To Know About A Ranges Trading Strategy! You can find these patterns in different time frames considering the fractal nature of the market. Support and resistance are well-defined. The support or the resistance zone is not a price but an area that is not a must to be perfect! The more they are tested the stronger will be the support or the resistance zone. You may find more details in the video! Thank you and Good Luck!
Education
by KlejdiCuni
18
Linking Time with Price LevelThe relationship between time and price level can be observed through the analysis of price charts and technical indicators. Technical analysis involves the use of charts and indicators to identify patterns and trends in price movements. One important aspect of technical analysis is the identification of support and resistance levels, which can help traders make decisions about when to buy or sell a particular asset. Technical indicators can also be used to analyze the relationship between price and time. For example, moving averages can be used to identify trends in price movements over a specific period of time. The slope of the moving average can indicate the strength of the trend, while the distance between the price and the moving average can indicate the level of deviation from the trend. In addition to technical indicators, traders also use fundamental analysis to assess the relationship between time and price level. Fundamental analysis involves the study of economic and financial data to identify factors that can influence the price of an asset. For example, changes in interest rates, inflation, and political events can all have an impact on the price of an asset over time. To summarize, the relationship between time and price level is complex and multifaceted. Traders use a variety of tools and techniques to analyze this relationship, including technical indicators, charts, and fundamental analysis. By understanding the relationship between time and price level, traders can make more informed decisions about when to buy or sell a particular asset. Regarding the development of price ratios, the expected price level and the expected price movement for the wave can be determined by analyzing technical indicators such as Relative Strength Index (RSI) and Price Oscillator. The RSI can be used to identify the overbought and oversold conditions of an asset, while the Price Oscillator can indicate the strength of the trend. By analyzing these indicators, traders can develop price ratios and make informed decisions about when to enter or exit a trade. Finally, it's important to note that the relationship between price and time is not always straightforward. While technical analysis and fundamental analysis can provide valuable insights, they are not foolproof. Traders need to be aware of the limitations of these tools and use them in conjunction with other forms of analysis and risk management strategies.
Education
by emad_alwan
1
Backtesting GBPNZD WB 07/24Order Block Strategy Overview: The order block strategy is based on identifying key levels in the price chart. Order blocks are essentially areas on the chart where institutional traders placed significant buy or sell orders. These orders can create strong levels, which are relevant to other market participants. The strategy aims to capitalize on potential market reactions when the price returns to these order block areas. Step-by-Step Guide to Trading with Order Blocks: Step 1: Identify Order Blocks Begin by analyzing the price chart of the asset you want to trade. Look for areas where the price has shown a significant change in direction, forming clear swing highs or lows. These swing highs and lows may represent potential order blocks where institutional traders executed large orders. Step 2: Confirm Order Blocks To validate an order block, look for a price move that shows a strong impulse (sharp price movement) followed by a consolidation or a pullback. The consolidation or pullback phase indicates the potential presence of buy or sell orders, confirming the order block's relevance. Step 3: Draw Levels Once you've identified the order blocks, draw horizontal lines to mark the levels created by them. These levels act as areas of interest for potential future trades. Step 4: Analyze Price Action Observe how the price behaves around the identified levels. Look for signs of price rejection (pin bars, doji candles, or engulfing patterns) that indicate the market's reluctance to move past those levels. Step 5: Plan Your Trade If the price approaches a bullish level, consider going long (buying) if you observe bullish price action, suggesting a potential bounce from that level. If the price approaches a bearish level, consider going short (selling) if you observe bearish price action, indicating a potential reversal from that level. Step 6: Set Stop-Loss and Take-Profit Levels Always use proper risk management to protect your capital in case the market moves against your position. Set a take-profit order at a reasonable target level based on your analysis. This could be the next level. Remember: The order block strategy is not foolproof and carries risks like any other trading approach. Always practice proper risk management to protect your capital from significant losses. Never trade with money you cannot afford to lose. It's important to conduct further research and practice trading with order blocks on historical price data or in a demo trading account before implementing this strategy in live markets. Additionally, consider combining order block analysis with other technical or fundamental indicators to increase the robustness of your trading decisions.
Education
by RayPerezEmpire
How To Add Drawings To Your ChartIn this Tradingview basics video I'm going to show you how to add drawings to your chart using the options available on the left-side rail. We'll look at not only what the options are, but the benefits of using "stay in drawing mode" as well as how labeling specific tools as "favorites" can save you time when marking up the charts. If you have any question, comments, or subjects for future "Tradingview Basics" videos please leave them below. Until next time, "Plan Your Trade, Trade Your Plan" Akil
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NASDAQ:MSFTEducation
by Akil_Stokes
26
How To Take Advantage of Big Tech Earnings Using FuturesNASDAQ:MSFT & NASDAQ:GOOG reported earnings after the market close today, but there isn't much that most stock or options traders can do about it until the market reopens tomorrow morning. However, the futures markets, specifically the Micro Nasdaq Futures ( CME_MINI:MNQ1! ), provide opportunities to participate in earnings directional movement hours before stock traders can do anything, Learn more in this video idea.
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CME_MINI:MNQU2023Education
by RodCasilli
3
Visualizing Stochastic energy for perfect entriesThe stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't. I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater downtrend of energy pushing it in the other direction but what if there isn't more than that energy and what if this is a perfect balance between the two energies. This would imply that either that there's a divergence of the energy related to how price is closing or there is a pause in the energy because they're balanced between the two and of course that means your price will pause and run flat as well. In this video I talk about the proper way to use this new indicator and the way you used to use the stochastic RSI. Using the information as video and the images that I plot out on the screen you'll be able to see when you should do you should enter trades long or short and why you need to know where your support and resistance lines are as well as whether you're breaking above or below your moving averages. Let this video be a first class tutorial on perfect trades using a stochastic RSI but like all other indicators you cannot use it by itself make sure that you have confluence on your price chart. PS as always welcome to the coffee shop.
Education
by CoffeeshopCrypto
8