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Supertrend

RSI Supertrend Moving average in Heiken Ashi Algo OscillatorDownload this Oscillator Free: My Tradingview Profile: www.tradingview.com Welcome to the coffee shop everyone this is your host and baristo Eric, You know what we do around here so pull up a seat at the table and get ready for your caffeine overdose . I am happy to say that as of today we are at the final stage of development basically on The Heiken Ashi Algo Oscillator. It has proven to be a very powerful tool, very popular,, and very easy to use. up until now I have basically been showing you what all the parts do and what they mean because I figure you can't necessarily use a tool unless you know what it's settings are for. NOTE ABOUT SUBTITLES: I really believe that this new update will be a scalper's wet dream when it comes to being able to sit there and stare at your chart watching the oscillator and waiting for a break in the trend so that you can stay in your trade or you can exit your trade. That being said this being the final development that needed to be done with this oscillator, any videos that you see related to the algo from me are going to be strategy videos. So let's get into the final change that I have just made and uploaded to Tradingview. The final change as of right now is that the RSI Moving Average is now a colored line. It appears red when your average on your RSI is trending down (lower values) , and green when it is trending up (higher values). It also takes into consideration the momentum of the trend so it will not effectively change colors until the previous momentum is lost and volume has changed enough to the opposing side. For example you could have heiken Ashi candles traveling flat on your RSI but you're RSI moving average is still red. It will not change to green until the momentum starts moving the opposite way. So not only will you know that the previous momentum is lost but you will also know when it changes direction. As you know in the previous update to the RSI and the RSI moving average have a trend Cloud that appears behind it which switches from red to Green evenly. However there is a third black color that appears from time to time in that Trend cloud. This black color means a loss of momentum. Trend Cloud Meaning: Trend Cloud (Black) = No Momentum and Volume Trend Cloud (Green) = Bullish Momentum and Volume Trend Cloud (Red) = Bearish Momentum and Volume Price will run flat if: If the Trend cloud is Back, while the RSI Moving Average is green, you have lost momentum to the upside. If the Trend cloud is Black, while the RSI Moving Average is Red, you have lost momentum to the down side Trend is changing direction If: Trend cloud was one color but slowly blended to opposite color without changing into a back color. Now with the RSI, moving average being able to switch between colors you can tell when the new trend has started or the old trend has restarted because, just because there was a loss in momentum of the previous Trend doesn't mean it's just going to switch the other way and it doesn't mean that it's going to continue the same way however the moving average will tell you what it's doing along with the trend cloud. If you were previously in an uptrend and then you get a black cloud Showing behind your candles you know that you have a loss in momentum. If you look at your moving average, you will see that it will switch to the opposing color however if it then switches back to the original color then all you had was a pause in your Trend and is going to continue the same way it was going before. Iif the moving average has switched colors when the trend Cloud went to Black and the moving average stays that second color you know that your trend has changed Direction. The RSI Formula explained: Trading Like the Banks Do: Trading Trendlines: Using Support and Resistance Alerts to draw trendlines Range Trading with the Heiken Ashi Algo Setting Alerts on the Heiken Ashi Algo Oscillator
Education
by CoffeeshopCrypto
5
Just freedom do matter right now, but EURUSD is consolidating! I apologize to all who were expecting just a financial analysis. EURUSD may consolidate between two zones, LONG positions is suggested over the red zone and SHORT ones under the green zone. Taking advantage of ranging markets is possible in LTF. Internet is not reliable in Iran, I'm not sure if I even post in near future again. Also, I can't be in office and checking markets while my compatriots are being killed on streets! If your news sources telling you this is a protest against "morality police", they are right but they are not telling you all the story. This is even more than a revolution, This is a war for women rights, basic human rights, freedom and democracy. one another point. 3 years ago, IRGC and other criminals in uniform killed at least 1500 Iranian who were just defending their basic rights with bare hands. Every day the world forgets more than yesterday what goes us through our peaceful protests. This is a war against a dangerous dictator who support terrorism. World recognized neither ISIS nor the Taliban but the IR president who have ordered execution of thousands in his 20s, did give a speech in UN! He is not our president. DO some thing for IRAN.
by AliSignals
6
Is the Pound Dollar flipping bullish?Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally. Let's keep an eye on this chart and see when our Supertrend flips green as its historically been a great indicator for detecting shifts in mid to long-term trends.
G
by BlackBull_Markets
BTC/USD 1hr. Backtest Strategy (1yr). 342% return (308trades)New idea to filter out false trades. Everybody knows the supertrend ATR. However combining the VIDYA value with the trend timing of Nadaraya Watson estimator, it takes the supertrend to the next level. Overall with proper settings, it makes fewer trades with a greater average win per trade and a super high Risk to Reward. I have yet to try and trade this system manually BUT will elaborate further in the future. On the lower time frames, the supertrend is known to signal quite alot of trades. Too many for some traders. This backtest is with a flat 1.0 lots per trade over the last year. Max drawdown was 4.1% with the average trade of 1.91%! Very simple but effective. . More to discuss soon.
OANDA:BTCUSD
by Neev3009
SPY CHART TECHNICAL SPY is in low volume state along with short covering and ready to breakout based on CPI and PPI data as well as follow up interest rate hike talk. Due to low volume bullish, still on the up trend line but other technical indicators have started to cool off like MACD, RSI,SCHOLASTIC, AO. In few days May touch 421 or breakdown from this level. Sell starts from 409-407. First Stop at 393 before Sept then May slide to 370 further based future data and rate hike. I doubt that market will go up beyond 220 by this year due to most of the short covering probably done now and fresh sell short start soon that will bring down the market spy 350 end of the year.
AMEX:SPYShort
by TradeByTech
2
BHP - FUNCHARTS: Should we buy the dip?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a very short term strategy. It involves using a strategy called Supertrend Strategy with a 3 period ATR input and an ATR length of 1.5 times. - Firstly, I've flipped it upside down, so we get a buy signal when the trend changes to down and a sell signal when the trend changes to UP - Now, next step, Applying this strategy to BHP, take a look at the performance report for Long Trades and Short Trades using the Performance report TAB. Long Trades Buy the Dip , Short Trades Sell the Rally - Looking at Long Trades, 66% of the time it was profitable to Buy a short term dip on BHP and wait for the trend to change back to up, after which you exited the long position. The profit fact was 1.77. No stop was used in the analysis. - It was also marginally profitable to sell short term uptrends in BHP, meaning trend of less than 30 days didn't persist all that often. - What's the verdict? Buying short term weakness in BHP and selling short term strength has made money in the past. BHP is typically a very choppy stock. I hear what you're saying, you'd like to know if buying the current dip we are in will result in a profit? Based on this analysis BHP will usually stage some sort of rally in a downtrend and you would have make money 66% of the time historically. But looking at external analysis I'm not overly confident just yet. When I'd like to get in. Take a look at the blue histogram on the chart, if it goes below -10, I'd expect the odds to be pretty good for a rally of at least a few days, if not more. That means any further (significant) downside could be an opportunity for a countertrend mean reversion play. It'll be a day where there is blood on the streets for BHP.
ASX:BHPLong
by andrew.gibbs777
SSL HYBRID Advanced IndicatorIndicator symbols and usage. RED/BLUE diamonds- ADX Cross Grey Background - Low ADX Green/Red Circles- EMA 5/30 crossover purple Background- Bollinger Squeeze green line- EMA5 red line- EMA30 blue/pink triangles below bar- QQE indication with PSAR direction Buy Sell Signals are QQE + SSL Hybrid + WAE combination strategy. Take trades when Buy/Sell signals are supported by QQE MOD indicator with same direction and Color. Exit Trades when opposite signal of SSL Hybrid is met. Use higher T/F HMA for Reference and Trend Direction along with Supertrend
by traderharikrishna
12
Bitcoin Idea May (2022) Custom Heat_Mapping and Wolfe Wave - Heatmap reacts with chart- and shows- color of heatmap- within candles- I think theres a mtf and supertrend as well-- Looking for a long to go through over the next 5 days--alien spaceship--bullish trend - dump today was a huge bart pattern- -1500 dollars - rebound to where we started at the beginning of the day- hopefully we bounce back up to 32500 then 40 000 usd within the next few days- stay posted - track the chart- hit the like button and follow me if you like- always looking for new friends that trade.
COINBASE:BTCUSDLong
by mooncrest-holdings-ltd
Welspun- A good buying opportunityWelspun India is about to boom!! - The MACD line is above the Signal line - RSI is about to cross 60 - Supertread is in green - 5 DMA is cutting 26 DMA Most Indictors are showing good strength **Disclaimer: Do Your Own Research** **Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise**
NSE:WELENTLong
by ashwinpari1997
Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability. Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys. What is the Super trend indicator? 'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility. Super trend Indicator Formula The super trend indicator computation is illustrated below– Up = (high + low / 2 + multiplier x ATR) Down = (high + low) / 2 – multiplier x ATR Average True Range = / 14 The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time. As a result, ATR is an essential component of the supertrend technical analysis indicator. How to Use Super trend Indicator to Identify Buy and Sell Signals? Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red. There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals. Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
Education
by MohannadYakout