ChannelSurfer

CHANNEL SURFER 3-WAVE 30-MIN STOCH MACD WAD VALLEY & PEAK SIGNA

BITSTAMP:BTCUSD   Bitcoin / Dollar
34 0 0
Donations: 12sEPDs25Wt1Th8tduQMDhJiWWkX5CC58u

Elliot Waves states that 3-Wave             corrective waves are always contrary to true market direction.


NOTE:

AROON (5th Chart): Both Lines Red and Green values on the Left Scale below 50 indicates Consolidation


BUY SIGNAL: ( Stoch RSI - 3rd Chart)
Green and Red lines touch and prepare to enter center grey zone (OverSold) from the Bear /Bottomside of the chart

CONFIRM: ( MACD - 4th Chart)
Green Macd line under Red Signal on Bear side has started to form a arc curving upwards preparing to cross to Bull-side or at cross.

Do Not make an entry when the lines are inside of the Center Grey Zone

CONFIRM (WAD-SMA plus AROON - 5th Chart) :
WAD Line inside of AROON has Bottomed (this is the best case / bottom, may vary at times)
WAD Credit: https://www.tradingview.com/u/ChrisMoody/#published-charts

CONFIRM: (Blue Bottom Donchiain Channels - 1st Chart)
Price is "oversold via candles having bottomed and stepped-down 3-steps / Waves

Place your limit order to buy at your exchange based upon the 3rd Step / Wave average numerical value of the steps
Right vertical scale reflects the most recent High and Low of recent channel in two Blue Blocks, you can set your Entry and offset your Stops and Take Profit orders from the two Blue Blocks.

DONCHIAN CHANNEL FUNCTION:
Donchian Channels function in a reaction to an action
If Price Drops Stepping-Down Bottom Blue Donchian Channel = Price Is OVERSOLD = Impending PRICE RISE

REQUIREMENT ( Money Flow - 6th Chart - Yellow Line) :
Reflects the current True Market Trend:
Yellow Line is BELOW or touching border of grey center = Price Is OVERSOLD = Impending PRICE RISE
Do Not make an entry when the lines are inside of the Center Grey Zone


SELL SIGNAL
Green and Red lines touch and prepare to enter center grey zone (OverBrought) from the Bull/Top side of the chart

CONFIRM: ( MACD - 4th Chart)
Green Macd line above Red Signal on Bear side has started to form a arc curving downwards preparing to cross to Bear-side or at cross.

Do Not make an entry when the lines are inside of the Center Grey Zone

CONFIRM (WAD-SMA plus AROON - 5th Chart) :
WAD Line inside of AROON has Topped (this is the best case / Topped, may vary at times)
WAD Credit: https://www.tradingview.com/u/ChrisMoody/#published-charts

CONFIRM: (Blue Top Donchiain Channels - 1st Chart)
Price is "overbrought via candles having Topped and stepped-up 3-steps / Waves

Place your limit order to sell at your exchange based upon the 3rd Step / Wave average numerical value of the steps
Right vertical scale reflects the most recent High and Low of recent channel in two Blue Blocks, you can set your Entry and offset your Stops and Take Profit orders from the two Blue Blocks.

DONCHIAN CHANNEL FUNCTION:
Donchian Channels function in a reaction to an action
If Price Tops Stepping-Up Top Blue Donchian Channel = Price Is OVERBROUGHT = Impending PRICE DROP


REQUIREMENT ( Money Flow - 6th Chart - Yellow Line) :
Reflects the current True Market Trend:
Yellow Line is ABOVE or touching border of grey center = Price Is OVERBROUGHT = Impending PRICE DROP
Do Not make an entry when the lines are inside of the Center Grey Zone


NOTE:

When divergence from price is noticed on the Stoch RSI , this Chaikin Money Flow indicator can be used to verify True Market Trend Direction, can be cross referenced and verified via comparing to AROON (5th Chart), if both agree, then price is in divergence to the Stoch RSI .

Can also be used on the 1-Minute TimeFrame for Interday Trading with trades taking only 1 to 2 hours.same rules apply.


BONUS:

http://www.elliottwave.net/educational/basictenets.htm
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out