I am going to share my learning process with you in a series of educational posts (MUST not be used as trading advice). Your feedback would be valuable not only for me, but also everyone else who is following this. Let's call it crowd learning!
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In the chart above I used regression trend. I don't know how often it is used by chartist, but I bet statistician would love this tool. Read more here www.tradingview.com/...iki/Regression_Trend
It could be used to define the base trend line as well as deviations from it. You select the start and end of a period for which you are measuring the trend line.
Inthe first two charts above, I am using regression trend to compare the crash speed between 2014 and 2018.
In the third chart, I used the 10 days price action and projected (settings > style > extend lines) it to the future. I also use the trend line as a base when drawing a pitchfork. The upper and lower boundary can be aligned to 0.5 median line of a pitchfork.
Please give a like if you find these tips useful. Otherwise, I will stop publishing them to avoid spamming your inbox.
Below is identical image version of the above chart.
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In the chart above I used regression trend. I don't know how often it is used by chartist, but I bet statistician would love this tool. Read more here www.tradingview.com/...iki/Regression_Trend
It could be used to define the base trend line as well as deviations from it. You select the start and end of a period for which you are measuring the trend line.
Inthe first two charts above, I am using regression trend to compare the crash speed between 2014 and 2018.
In the third chart, I used the 10 days price action and projected (settings > style > extend lines) it to the future. I also use the trend line as a base when drawing a pitchfork. The upper and lower boundary can be aligned to 0.5 median line of a pitchfork.
Please give a like if you find these tips useful. Otherwise, I will stop publishing them to avoid spamming your inbox.
Below is identical image version of the above chart.
Comment:
A thoro (short for thorough) educational trading TA (profit taking) from @Taiwan_Bear
Now I should write a tip for spamming you.
Tip: You can copy any chart on the TV by pressing share button > make it mine.