BTC and Volume Flow ! Hi guys,
wish y'all have a profitable life.
📌 I have checked the Volume Flow indicator today and the re-tests of certain support and resistance zones were just accurate and interesting for me.
📌 I can compare the present situation with the same in the past. The volume indicator support zone is an important and not an easy support to break, yet unbreakable!
📌 Based on what happened in the past we can decide what will happen in the future.
📍 I can see some reasonable and clear signs of bullish reversal in BTC. However, I myself wait more for further confirmations.
THIS IS NOT A FINANCIAL ADVICE
Ask me if you have got any problem and or questions.
Volumeflowindicator
DJI end of the upwards momentum & signals for an explosive move!Squeeze Momentum Indicator implies that the upwards retracement after the bottoms has come to an end. However, it has not given a clear signal of the direction of the next momentum in the market. By combining this information with the Volume Flow Indicator (VFI) we can see that the upwards trend is really losing its vitality. Besides this the occurring negative divergence with the price gives a bearish signal that may signal a major negative price move.
However, you should notice:
Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring.
About the Squeeze Momentum Indicator
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility, market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".
About the Volume Flow Indicator (VFI)
VFI, introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:
Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
The calculation is based on the day's median (typical price) instead of the closing price.
A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
Using the Volume Flow Indicator (VFI) to trade like a proOne of the hardest things to do when you're new to trading, and even when you've been in it for a while, is to figure out when to buy and when to sell to maximize profit. I'm sure there have been many times when you've sold too early, or bought in too early, and vice versa. What a waste!
Now I'd be lying if I told you there is any sure way to tell the best time to buy/sell, but indicators can definitely help, especially when you're not very experienced. One of my new favourites is the the Volume Flow Indicator (VFI) by LazyBear. I'm not going to explain to you what it is or how it works; you can read that at the link provided at the bottom of this post.
But I'll show you an example of how I used it based on the author's suggestion. According to the author, typically a reading above the zero line puts you in bullish territory, and one below the zero line in bearish territory. But as you can see, it might be a bit late if you wait for that. So what you can do instead is look at divergence on the VFI as an indicator of trend reversal. Divergence is basically a higher low near the bottom (yellow lines shown above), or a lower high near the top (blue lines shown above).
As you can see, it's a pretty good indicator of trend reversal. I'll be using it a lot more going forward. One thing to note is that I'm using a 4 hour chart here. You may get better results on a daily chart, or 1 hour chart, depending on the coin/stock in question, so do experiment a bit on a per coin/stock basis to see what back-tests the best in that particular case. Another tip from the author is to use a Coefficient of 0.2 for day trading, and 0.1 for intraday trading, which you can change by clicking the gear/settings icon on the VFI toolbar (I'm using 0.2 here).
If you think this tutorial is absolutely amazing, and will help you be the best trader you can be, please smash the like button and give me a follow, because I'll be writing a lot more of these, and you'll be notified if you follow me.
Do you agree or disagree with me? Do you have any feedback? Let me know in the comments.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
GN (GBP/NZD) Volume, Vwap, & VFI Setup BXY ZXY
Volume, Vwap, VFI Setup a very simple profitable setup only using 2 indicators (Volume Weighted Average Price & Volume Flow Indicator) as everytime the vwap in candlestick/bars and vfi crosses in the chart it's a sign of a huge move or trend reversal as you can see in the chart. This GB (GBP/NZD) setup in 2hr tf could have made you +500 pips in only 2 days swing trading! Motto: Keep it Simple!