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PVP> Periodic Volume ProfileVOLUME PROFILE SECTIONS: 1> What is Volume ? 2> What are volume NODES? 3> HIGH vs LOW volume NODES 4> Value Area - $ Price Rotation 5> 3 KEY Parts of VALUE Area? “VAH” “VAL” “POC” 6> Types of “Time Per Profile” 7> 4 Common Volume Profile SHAPES - D P B b 8> How to use for ENTRY/ EXIT 9> Trade Plan - What Is That? 1. What is VOLUME when it comes to trade? It represents the number of shares/contracts of a underlying security “stock” traded between market participants called by us as Traders "buyers and sellers". Stocks > the volume it is measured by the number of shares traded. Futures/Options > the volume it is measured by the number of contracts traded. Using Volume Profile instead of it being on the X axis “bottom” of the chart it is on the Y axis “left" side horizontally. Check RED ARROW chart below. Volume profile shows us volume traded for a SPECIFIC PRICE instead of time like market profile. Two different types of profile. Every time a contract is traded the volume profile builds out to the right as more and more contracts are traded at that price. . NODES: What are nodes? When you zoom all the way in on volume profile you can see the size of each node. These price levels are called nodes and measure the amount of contracts traded within a specific price point. 3. HIGH Volume Nodes vs LOW Volume NODES. HIGH Volume Nodes: (GREEN ARROWS —> in picture below) Are were a HIGH number of contracts are traded so it is slow for price to move through these nodes sometimes. BALANCE - When there are high volume nodes it means there is balance forming and that market participants agree on a price also know as “fair value” LOW Volume Nodes: (RED ARROWS —> in picture below) Are were a LOW number of contracts are traded so it is fast for price to move through these nodes usually. IMBALANCE - When there is a market imbalance price moves very fast until it finds a “fair” value. Sometimes price will move quickly to a LOW NODE which they call vacuums so sometimes they will wick to them. (Look at where the wicks are in the picture and they are where the LOW Volume Nodes are.
CME_MINI:ES1!Education
by IronMan_Trader
2
Volume Profile: Everything You Need To KnowHey everyone! 👋 If you have been in the market for some time, you may have heard of a tool called “Volume Profile”. Today, we are going to take a deeper look at this tool, explain how it works, and leave you with a few tricks that you can use to supercharge your analysis. What is Volume Profile? 🤔 Volume Profile is an advanced charting tool that displays trading activity at specific price levels over a specified time period. On the chart, it plots a horizontal histogram to reveal areas where significant trading volume happened. Differences vs. Traditional Volume 👀 The core difference between Traditional Volume and Volume Profile is how they consider volume with respect to the time and price. In other words, Traditional volume tells you when volume happened, and Volume Profile tells you where it happened. Volume Profile Terminology 🔤 The Volume Profile tool has several unique components & terminology that you should know about: Point of Control (POC) – The single price level in a given time period where the most volume traded. Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. Value Area High (VAH) – The highest price level within the value area. Value Area Low (VAL) – The lowest price level within the value area. Tips & Tricks 😎 Just like with most other tools or studies, Volume Profile has a number of uses. One common strategy is to analyze where previous period value areas are vs. the current price. If current prices are outside of a previous period's value area, then it can be assumed that an asset is trending. If price is still within a previous period's value area, then some may label that asset as being in a consolidation. Determining trend and consolidation are often used in conjunction with trend following and mean reversion execution strategies, respectively. Another common strategy is to use "Virgin" Point of Control (VPOC's) as key levels in an asset. VPOC's are levels that haven't yet been retested and remain untouched by current price action since they were formed. The idea here is that if there was lots of action at a certain price, then it's likely that the market's biggest participants have positions from that level. This can cause predictable behavior which keen-eyed traders can take advantage of. Looking to get access to Volume Profile on your chart? There's still some time left in our Cyber Monday sale . Act fast! Thanks for reading! Cheers! - Team TradingView ❤️
NASDAQ:AAPLEducation
by TradingView
53
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
Extreme Day Trading/Scalping Strategy------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HD Session Volume Profile (SVP HD) - Go to settings under Inputs. Click custom. I set to 10:00am-10:00pm Pacific/Auckland time. I live in NZ. Set to your time zone. Click extend right box for POC, VAH, and VAL. Then go to Style and click VAH and VAL box. Unclick labels in price scale and values in status line box. Click histogram box and turn down opacity from 6% to 0. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Visible Range Volume Profile (VRVP) - Go to settings under Style. Click VAH and VAL box. Unclick labels in price scale and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Volume Weighted Average Price (VWAP) - Go to settings under Inputs. Click bands multiplier #2 and #3 box. Go to style. Unclick bands fill box #1, #2, and #3. Unclick labels price line and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 100 Volume Weighted Moving Average (VWMA) - Go to settings under Inputs. Set length to 100. Go to style and set color to white. Unclick labels on price scale and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Vertical dotted lines (1period) - They are the open and close for each session. Red: Tokyo 1pm-8pm NZST. Blue: London 9pm-4.30am NZST. White: New York 2.30am-9am NZST. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Horizontal dotted lines (1 period) - They are very useful and powerful price levels I believe. The big players (banks and financial institutions) especially love big round even numbers in the market. I simply put them down and divided them into quarters. l put levels on whole, half, and quarters of values of price. So for example I put one on 144 and 145. I then simply divided in half, 145.5. Then I divided again to get 145.25 and 145.75. I believe this principle/idea can help to find useful support and resistance levels. It's based from the bigger whole round numbers in the market. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Range Bars (I flick between 10R to 50R for EJ and GJ) - I use range bars. I love range bars. 100X better than time based charts. I've ditched all time based charts. Range bars filter out and remove time from the equation. They simply just show raw movements of price. Raw and uncensored. They show every nook and cranny of market structure and market structures on any chart. They show the market as it really is with no lag no delay. You see the market as it when it is playing out. No filter. You plainly and sharply see every single price movement. This is incredibly invaluable for day trading and scalping. They are very powerful for seeing patterns, breakouts, breakout and retests, and support and resistance. They are far better than time charts because you don't have rely on time. You are actually only relying on price to move. That is all you are focusing on. If you can focus on market structure instead of time I believe it really helps to read the chart in a way deeper and powerful way.
Education
by JdMullin
Heiken Ashi Algo Volume Scalping StrategyHeiken Ashi Algo Volume Scalping Strategy Welcome everybody this is your Barista Eric should I be calling it a baristo cuz Barista sounds kind of effeminate and you can tell by my voice I am not a woman. So we got something interesting. Today I'm going to be sharing with you a volume scalping strategy that you can use with the heiken Ashi Algo. This is a wonderful strategy because the algo has a lot of features that plot onto its oscillator and you can actually turn most of them off you only need basically three things showing up. To do this all you need are: Heiken Ashi Candles The RSI Moving Average and RSI (relative strength index line) So let's go into the settings. I'll show you what to do and you'll be able to get started in this in just a few minutes. Open tradingview and go to the indicators and I'm going to type in Heiken Ashi Algo. There you will see it under the Community scripts by @coffeeshopcrypto the "Heiken Ashi algo Oscillator" Here is a link to it (Click there) Add it to your chart and let's go to the settings. In the style tab of the settings You can turn off both of the stochastics. Also you'll notice a couple of grade out boxes to things that are not selected. The RSI upper band and the RSI lower band. These print the 70 and the 30 level on your oscillator so turn them both on. If the other bands distract you you can turn them off. These would be the 40 and 60 levels. The last thing you want to do here is change your RSI to yellow and your RSI moving average to red. Now let's go to the inputs tab and change your RSI to 18 and RSI Moving average to 36. If you're trading on a higher time frame than one hour you should probably change them to 21 and 50 as a maximum.. If you're trading on a 15 minute or lower time frame you should set them to about 12 and 14 or or lower. Also change your RSI moving average type to a volume weighted moving average. *******************Special Note****************** I want to address a couple of questions I got since the release of the Algo and one of the questions that I tried to cover in the previous couple of videos was when someone is going to ask me "what are the best settings at certain time frames?" You have to understand there are no best settings because if you're trading in crypto against the US dollar or crypto against For example another crypto then things move differently. your settings for the US dollar can be set one way but if you're trading crypto against crypto pairs you need different settings. also the settings are really tied to the market that you are in. if you are trading on the S&P or indices or Futures your settings are different for all of those things they are not the same for either one of them and once you get into crypto the markets are so volatile that you need to watch things closely/ so I cannot tell you what are the best settings because the best settings do not exist. Choose the settings that work well for you and if they are not working well it's because the market is changing just a little bit and you need to start developing additional strategies. You can not just have one strategy that you use all the time because that will not work all the time. Markets change. They have four different versions and you need to have several strategies that will be able to address each one of those types of Market. One of the reasons that I've created this particular indicator is because it allows you to develop several different types of strategies and this particular video is one of those strategies that you can practice and you can use from time to time when you are seeing extremely changing volumes in the market that you're in. This way you have another piece of ammunition in your pocket that you can use when your current strategy or whatever you used to using isn't working as well as it should be.
Education
by CoffeeshopCrypto
15
What is the Heiken Ashi Algo OscillatorWhat is the "Heiken Ashi Algo Oscillator" Well here is a link to it It is an indicator that measures volume and momentum. It plots and RSI as Heiken Ashi candles. It includes seven different types of moving averages against the relative strength index. Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA. It includes a hidden vwap as a moving average to confirm Trend Direction. It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%. ------------------------------------------------------------------ Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite. Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for. today is the release of the Heiken Ashi Algo oscillator. There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it. In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator. I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least . So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts. This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go. ----------------------------------------- For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2. I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me. HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length. RSI: No description needed here this is simply the relative strength index long exit - This is a signal to tell you the uptrend is going to pause or stop. short exit - this is a signal to tell you that the downtrend is going to pause or stop Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart. support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations. Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction. **WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend) Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator. Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation. Finally ALERTS have been included. To use the alerts go to your alerts Tab and click create alert. Under "Condition" select Heiken Ashi Algo In the drop-down below it you can select: buy signal to enter long Sell signal to enter short Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change Hard Long or Short exit, Is when you definitely should get out of your long or short trade. there is also an alert set up if you want to be notified about new resistance levels or new support levels. Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen. So........ did we do a good job? Let's talk in the comments below.
Education
by CoffeeshopCrypto
12
Indicator: Bad Ass Bollinger Bands by wyckoffmode InstructionsHello, At this time you may buy Bitcoin below the lower indigo band of Bad Ass Bollinger Bands and sell above the white upper band. In the future you can come up with your own trading strategy by looking at the BBB indicator and finding the points on the indicator where buying is optimal. For instance like I said now is the time to buy below the lower indigo or "blue" band and sell above the white upper band. Please, I'm interested to know your thoughts and would appreciate if you write me some information in the comments about this. Please, pair Bad Ass Bollinger Bands with "Phoenix Ascending" also by username wyckoffmode aka David. He's a great man. You may also ask him for access to "Phoenix ARI" and combine stochastic RSI with Phoenix ARI because Phoenix ARI is less susceptible to price action. By merging the two you get a good glimpe of volitility mixed with price action. By using Phoenix Ascending a general rule of thumb is to buy Bitcoin when the blue LSMA is below the 20 line. However as you can see that doesn't happen a lot. So try to buy when all three green,red and blue are as close to the 20 as possible with green even being below the 20. The best timeframe to use this on in my opinion is the three hour. If you are using this on the 15 minute or 30 minute chart please make sure you load a copy of the 3 hour and 6 hour charts in another tab and monitor to them to accurately make a good trading decision. Always remember what it generally boils down to in this market is to buy below the the lower indigo and sell above the upper white. Good day and best wishes.
Education
by SolanaMemeCoins
CSC-HARSI UPdate: Bull Rejection / Bear RejectionWhat's new in this indicator Support and resistance levels have been re-coded to give you a cleaner visualization. as always when you see a support indication you set the support level at the close of the candle. if they cancel this red you place it at the bottom. If the candle is green you place it at the top. You always place the S/R level at the close of the candle. Two other indications added to the script are called, Bull Rejection and Bear Rejection. --Bull rejection shows up when there's a bullish rally and then there's enough resistance to stop that upward move. --Bear rejection is when there's a bearish move and there is enough resistance to stop that downward move. If you get a resistance indication followed by a bullish rejection indication you should exit your trade. Because it's showing you resistance at that level and enough pushing back down. If you get a support indication followed by a bearish rejection you should exit that short trade because it's showing you there is support at that level and enough force pushing to the upside.
Education
by CoffeeshopCrypto
3
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit BINANCE:UNFIUSDT BYBIT:UNFIUSDT COINBASE:UNFIUSD Educational post on CVD or Cumulative Volume Delta and how I use it to confirm scalps and swing trades Unfi Short Scalp using CVD to confirm the trade - 84.86% profit in 30 minutes! Delta only shows us market orders. NB!!! Bearish CVD: (used in this trade) Price making LH but CVD making HH. People are aggressively market buying, but highs in price can’t be taken out. Bigger limit order trader has absorbed price Bullish CVD: More people market shorting (CVD) but Price forms HL. CVD makes LL. if price making HL and more people market shorting, then a bigger trader or traders has come in with a limit order and absorbed the market shorts Both leads to trapped traders and you can expect a decent follow through. Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
UEducation
by zartraderguy
CSC-HARSI with Alerts for GO long or Short and when to BUYWelcome to the coffee shop everybody I am highly highly highly excited about the new developments taking place with the CoffeeShop Crypto HARSI 2022 Don't let the name of the indicator fool you it can be used on more than just crypto you can use it on all markets or any markets that you choose to use it on. As you know the indicator was released sometime ago and I really want to give a big thank you to all the people who come through Boost the script as well as use it on their charts it's really nice to see you guys doing that and I want to let you know that I get information I get indications of that taking place and I do make sure to follow you because I want to know what it is that you're up to and I want you to see what I'm up to. okay now that we're done with the introductions and all the salutations and make you feel good about yourselfes let's get into what's happening with the CSC-HARSI. Make sure to take a look at the attached video above because you're going to see and hear me discussing the new implementation of 2 types of alerts and indications that show up on the indicator itself. One indication is when it is going to be telling you to Bi-Lo another indication is going to be when it tells you to go long. That is related to people who want to go bullet in the market and Buy Low sell High. "Bi-Lo" Means that the trend is about to reverse or that if you're in a ranging Market you can buy at this very low price. Shortly after that you'll end up getting another indication saying "Go long". This means that you've already bought at the lowest possible price in a safe place and now when it says go long you can set your trade and take profit levels. So "Buy Lo" does not mean enter into the market and set your take profit it simply means that you buy shares at a low price. The other indications that will show up will be simply the reverse of that. One would say "Buy Hi" which means you just accumulate shares or coins or what have you so that you can short them later on. A little while after that you'll get another Indication that says "go Short". This means that you've already accumulated shares at a high value and now you're going to "short" them. In the attached video you'll be able to see how to use the coffee shop crypto and when and how do you use these two separate alerts for example "Bi-Lo" and "Go-Long" or "Buy-Hi" and "Go-Short" As of the recording of this video in the publication of this idea do not look for the information related to that in the coffee shop crypto heart see this is simply an idea to let you know what's coming up next. So in the meantime go ahead add to your favorites from this link and add it to your chart and when I published the new version of the code which will be with somewhere in the next 24 hours I hope you'll get an indication from tradingview and it'll say hey has been an update to this script go and get the new one. At which point you would simply delete the coffee shop crypto from your trading chart, then you would end up going to the Community Scripts and typing in CoffeeShop Crypto 2022 And re-add it to your chart. So again make sure you watch the video that's attached and if you have any questions go ahead and drop them below if you just simply excited about it go ahead link a comment about that below as well.
Education
by CoffeeshopCrypto
10
A Dive Into My Swing Trading Approach (+setup) This video was a short synthesis of my swing trading approach. For the amount of information I presented, I'm not expecting to successfully being able to convey my means and ways in one short video, but I'm glad if I could at least show a different perspective. Some important things I forgot to mention: - The tolerance for identifying a visual weak liquidity pattern is 2 ticks, 3 ticks during highly volatile days (for the ES). This can change from one market to another. Anything more than 2/3 ticks is considered a move of conviction supported by strong liquidity, a market that has the confidence to see what's beyond a certain point to then either sharply reverse or move forward. - Using this method I CANNOT know what the market makers are exactly doing, there is no way to know, they will always be a step ahead of any brilliant retail trader. However, we can understand their logic and the weak traders' logic, the latter is the type we want to trade against. SETUP As I said, I favour a short trade, but as of today I have to remain on the sidelines. During this times is important to be flexible and change ones bias if that's what the market is suggesting. I will post my set up (if any) in due course.
CME_MINI:ES1!Education
by LionLazzari
AN INTRODUCTION: HOW TO TRADE ON VOLUME BARS AND WHAT THEY MEAN!The good ol' fashioned volume bars, long a part of basic TA has been commonly misunderstood, mis-used and under-appreciated. Many people over confuse their TA with other indicators, and frankly, once you learn the volume game and how to use it - you will NEVER want to cheat on the volume indicator with another one, ever again. TA on volume actually works on all timeframes. Hourly, weekly, monthly... And even on the one minute chart!!!! I try to pretty much spell it all out for you guys on the charts below! Hopefully, everything can be clearly explained by them. The above chart is a 1hr view, the below charts explaining volume trading are utilizing the 1 min chart for extreme clarity. ***PLEASE NOTE: Since CRYPTO in general is a slightly different animal than the stock market (because all stocks are basically under one exchange). Volume is derived differently on each exchange. Each crypto exchange will have different volume, BUT my rule of thumb is that typically BINANCE will have the most accurate volume ticks because they are one of the largest exchanges. This particular BTC chart is a Tradingview INDEX chart, which likely means that all of the information from most eligible exchanges are consolidated into one chart. NOT ALL crypto pairs will have this, so please be careful! You CAN comfortably use this method on stocks (again, they are all under one or two exchanges, but have the same federal rules that they must comply with). Hope this helps everyone up their trading game. It has helped me a TON!!! (PS: See my link on the last idea I posted right before we shot up to 24.2k - This is the method I used to forecast that jump in price)
INDEX:BTCUSDEducation
by Zulu_Kilo
2
The ART of the Fade.Tilray is a Cannabis stock, but the importance of this post is the art of fading. I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are! Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful. Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful. The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!
NASDAQ:TLRYEducation
by ZenFlo
2
Pro Traders Take Profits on EarningsWhat happened today on the earnings announcement by PEP? Pro traders took profits against the retail crowd's buying on the news headlines that suggested an earnings "beat" for Q2. The retail buying causes the gap up at open, which is a prime cue to take profits on swing trades. This was what we call a pre-earnings run. The earnings results don't matter as much as the technical setup a few weeks ahead of the earnings release. Swing trades were initiated at the reversal from the support at 155, confirmed by price and volume patterns at that time. Now, with resistance overhead, where the initial target for this earnings play was, and the retail crowd causing a gap up at open on the earnings announcement, this is where professional short-term traders close long positions. This should not be construed as a good opportunity to short swing-style, however. It is an example of the execution of a long swing-style earnings strategy. This is an example of TechniTrader's Relational Technical Analysis techniques for planning better trades.
NASDAQ:PEPEducation
by MarthaStokesCMT-TechniTrader
2
Volume Profile and why you need it.Volume profile is an underused and quintessential part of trading, it tells you build up of orders, it tells you fair price, and it tells you where the majority of the liquidity is. You can see in this chart, I have taken it apart piece by piece to show you the basic mechanics and why price moves the way it does, now be honest, how many of you rushed into selling GU last minute because the price was collapsing? Well the funny thing is despite not being alone in doing so in the retail trading world, big banks and instituitions were already two steps ahead as expected, check the Volume profile, notice how it declined on a massively falling currency, what this is telling you is that the amount of exchanges is very low, as the shorters pushed price down they began to close positions, also what would have happened is the amount of retail money and money that isnt associated to high end firms would have started to see negative positions so what do they do? they have to close these sells with buys! so not only are the big banks taking profit, they are also using you as rocket fuel! as the masses of small money becomes negative/trapped/stoplosses, price reacts in an equal and opposite reaction, price rallies. So where is price heading too? it is heading back to an area where it can happily trade, and this is shown by larger bars on the VP, price wants to be happy, to be happy it needs to transact alot! So two takeaways... One, dont rush into falling or rising currencies! as they are heading into areas of low volume and will use mean reversion to run you over... Two, Utilise the fact price has low VP build up to your advantage! use price action and catch moves like that GU rally back to an area of more transactions! and a final little trick, use the VP to tell you if your orderblock is real or a figment of your imagination! feel free to drop some questions below, I may have to make more posts on VP for it to make sense. Maybe I will also make some posts on examples of trading using it, and what to do and not to do. Thinking about it, there is more posts to do, I need to show how to trade mean reversion and 'mountain to mountain' tactics. Hope you find this post interesting, as I take a journey of taking back the layers of many traditional strategies, indicators and the deeper world of maths, I am doing this to try help new traders actually get somewhere! So please give me a like and a follow, I want to expand my reach here on tradingview :) All the best ZenFlo.
Education
by ZenFlo
5
E-MINI Russel 2000 index (pressure concepts/tutorial) To optimise your "edge" practice identifying previous demand and supply zones. These zones have multiple titles. Some analysts call them "order blocks".. I do like order blocks because it does assume a square pattern. Accumulation patterns tend to outline as a square whereas RE accumulation will take on more of a triangular pattern. Imagine if you will an accumulation pattern. This pattern can vary as far as time. But in general these should b considered "HIGH PRESSURE" zones. Price can and will exit this "block" without utilising all of the stored pressure... however, this pressure is still in this zone. When and if price does return here, it will encounter this pressures and there will be a reaction. There are 3 ways in which price will react: 1- Price will find pressure and "bounce" off of this previous box and continue to "mark-up" 2- Price will find this pressure and begin another "trading range" until demand exceeds supply 3- Price will get to this area and find minimum to no pressure and will continue on its trajectory These concepts are not difficult to see with practice. The most difficult part of any trading strategy is waiting for what you want to see. When you hear traders talk about looking left on the chart, this is what is going on. It could sometimes take months to years for price to return to these price areas, indeed. It can also tale a few hours. It depends on wether or not you are trying to day trade or invest longterm. Regardless of strategy, in order to minimise risk, it is paramount that you become aware of these previous "HIGH PRESSURE" zones. You never want to short into a previous demand zone, nor do you ever want to go long into a previous supply zone. Volume helps to facilitate you and I spotting this "residual" volume iin these high pressure zones. These concepts are difficult to type/explain. I am contemplating some sort of video series, text so that I can share these concepts. These concepts however, ARE NOT MINE. They are the charts... they are for all of us to exploit. But in order for anyone to exploit these weaknesses, you need to practice. Trading view is absolutely the best platform to do this and I am certain that if traders began trading accurately using volume, trading view would start charging to use what is currently the free volume indicator. It is THE most powerful TA indicator. Again these are difficult concepts to explain and I do appreciate if you made it through this tutorial Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA*
Sam Seiden (supply and demand) Read the ticker dot com Wyckoff analytics PsychFX MentFX Element 15 trades (bitchute/odessy) Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B)
CME_MINI:RTY1!Education
by dee718
S&P500 Index - Multi timeframe analysis with the Ichimoku CloudMulti timeframe analysis of the S&P500 Index using the Ichimoku Kinko Hyo with original 9,26,52,26 settings, i have also added Volume Profiles (VPVR) and (VPFR) onto the charts. 1 DAY CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is upwards at the moment. This will possibly change to sideways or even downwards on the open of the next daily candle. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that support at the Base Line (Kijun Sen) has failed on this 1 day timeframe. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago and is i the Bearish Zone under the Kumo (Cloud). The Kumo (Cloud) is still red. Note that the Leading Span A (Senkou Span A) has started to move upwards but will swing back down if the price continues to drop. Note that the Leading Span A (Senkou Span A) is still under the Leading Span B (Senkou Span B). Be on the lookout for if/when the Leading Span B (Senkou Span B) starts to move downwards on this 1 day timeframe indicating further strength to the downside. Note that the price is still in the Bearish Zone under the Kumo (Cloud) on this 1 day timeframe. Note that on this 1 day timeframe, the Price is under all of the Ichimoku Cloud indicators so let’s have a look at the 1 week timeframe and see if we have any Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 14x daily candles i have selected. 1 WEEK CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is downwards at the moment. Note that the price has found some resistance from the Conversion Line (Tenkan Sen) on this 1 week timframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) indicating strength for short term downwards momentum. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago. Note that the Lagging Span (Chikou Span) has dropped below the Leading Span A (Senkou Span A) and is now back in the Equilibrium Zone on this 1 week timeframe. The Kumo (Cloud) is still red on this 1 week timeframe. Note that the Leading Span A (Senkou Span A) has started to move downwards and is still under the Leading Span B (Senkou Span B). Note that the price is still in the Bearish Zone under the Kumo (Cloud) on this 1 week timeframe. Note that on this 1 week timeframe, the Price is under all of the Ichimoku Cloud indicators so let’s have a look at the 2 week timeframe and see if we have any Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 11x weekly candles i have selected. 2 WEEK CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) indicating strength for short term downwards momentum. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago but is still in the Bullish Zone above the Kumo (Cloud). The Kumo (Cloud) is still green. Note that the Leading Span A (Senko Span A) is still above the Leading Span B (Senkou Span B). Note that the Leading Span A (Senkou Span A) is moving sideways at the moment but the Leading Span B (Senkou Span B) is moving upwards, be on the lookout for if the Leading Span A (Senkou Span A) starts to move closer towards the Leading Span B (Senkou Span B). Be on the lookout if the price drops below and closes below the Leading Span A (Senkou Span A) into the Equilibrium Zone on this 2 week timeframe. Note that the price is still in the Bullish Zone above the Kumo (Cloud) on this 2 week timeframe. Note that on this 2 week timeframe, the Price is under the Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) but still has the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) as potential support levels. Let’s have a look at the 1 month timeframe and see if we have anymore Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x 2 weekly candles i have selected. 1 MONTH CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still above the Base Line (Kijun Sen) indicating strength for short term sideways momentum as the indicator is moving sideways at the moment. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still above the price from 26 periods ago and is still in the Bullish Zone. The Kumo (Cloud) is still green. Note that the Leading Span A (Senkou Span A) has started to move upwards but may swing back down if the price continues to drop on this 1 month timeframe. Note that the Leading Span A (Senko Span A) is still above the Leading Span B (Senkou Span B). Be on the lookout for if the Leading Span A (Senkou Span A) starts to move closer towards the Leading Span B (Senkou Span B). Note that the price is still in the Bullish Zone above the Kumo (Cloud) on this 1 month timeframe. Note that on this 1 month timeframe, the Price is under the Conversion Line (Tenkan Sen) but still has the Base Line (Kijun Sen) Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) as potential support levels. Volume Profiles: Note that the Price is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x monthly candles i have selected. Notes: Please remember that the Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) are not SMAs or EMAs they are X amount high/low period midpoints in whatever timeframe you are in, so they should not be used as SMA or EMAs. Note that there are other aspects to the Ichimoku Cloud which make it a very complete system such as Price Theory, Wave Theory and Time Theory but I won’t go into those on this post. Conversion Line (Tenkan Sen) = Highest High + Highest Low calculation over 9 Periods = Blue Line. Base Line (Kijun Sen) = Highest High + Highest Low calculation over 26 Periods = Red Line. Lagging Span (Chikou Span) = Today’s price displaced back 26 Periods = Green Line. Leading Span A (Senkou Span A) = Tenkan Sen and Kijun Sen calculation value displaced ahead 26 Periods = Cloud Green Line. Leading Span B (Senkou Span B) = Highest High + Highest Low over 52 Periods Value displaced ahead 26 Periods = Cloud Red Line. Bullish Zone = Above the Cloud. Equilibrium Zone = Inside the (Kumo) Cloud can be Green or Red. Bearish Zone = Below the Cloud. This was just a post to show how you can use the Ichimoku Kinko Hyo in multiple timeframes for support, resistance & momentum, so I hope this post has been helpful with your trading and understanding of the Ichimoku Cloud. So in which direction is the S&P500 Index going to go...... i leave up to you to make your own minds up ;-).
SP:SPXEducation
by TradingThroughTheLens
How did Open Interest tell me: Stay long as BTC Dumped!?!BYBIT:BTCUSD I was in 3 long trades as Bitcoin dumped on the 26th of May 2022. I had 2 choices. Close my longs because I saw price dumping below my entry or look at what Open interest was telling me to determine if this was a fakeout. I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this ended, price could reverse quickly. Longs were closing out their positions and re-entering as shorts. As soon as this selling dried up, Longs started entering and then suddenly shorts were being liquidated, pushing the price up again. This is known as a stop run. Hit long stops and then hit short stops. Be aware of this kind of fakeout as it happens again and again! Learn to trade the retest and why it is important not to short at support and inversely why it is NB not to long at resistance, UNLESS you get a retest of that level! Not financial advice, DYOR. Papertrade before using real money. If this educational snipped helped you, please consider giving it a thumbs up and follow for more like this! Trade Safely and Learn something every day! Shawn
BYBIT:BTCUSD.PEducation
by zartraderguy
Best Session to Trade - At a glance!Market Sessions Introduction Watching the market 24/7 is completely unnecessary, considering price only moves during certain periods of the day. These periods are known as "Sessions" and relate to an exchange's location on the planet. The two most popular sessions - London & New York - typically see the most volatility and gross number of trades placed. However, there are strategies designed around specific sessions, such as the "Asian Breakout", which targets the first two hours of the Tokyo session. The sessions occur every trading day (M - F) during the following UTC times: London: 0800-1600 New York: 1300-2100 Tokyo: 0000-0800 Sydney: 2200-0600 The London and NY session overlap for 3 hours - this is known as the "Golden Window" in Forex trading...but why? Advanced Forex Session Analysis I created a tool to explore the concept of the "Golden Window" and answer a few burning questions: did every asset have the same golden window? if the golden window shifted, could you detect it? does restricting trading times to the golden window improve win rate? what does the golden window even look like? This tool is available for free and open source - Advanced Forex Sessions It scores each session by Volatility (ticks moved) and Volume (number of trades placed), then displays the windows on chart. I've discovered answers to a few questions and can confidently say, NO, not every asset has the same golden window. In fact, nearly all small-cap cryptocurrencies have a golden window during the Tokyo or Sydney sessions. YES, we can detect the window shifting by scoring each session via a rolling average. MAYBE, it's hard to say if restricting trading times will work for every strategy, but I have seen minor improvements for traditional strategies that buy/sell with fixed take profits and stop losses. WHAT does the Golden Window look like? Check out the Advanced Forex Sessions indicator and see for yourself...
OANDA:US30USDEducation
by DasanC
2