Reference Chart for 3 Apex variants, Bolli's, DMI, and VPVR
This chart shows 3 variant apex points.
HOW TO USE THIS CHART:
A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels.
B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR.
Is your target within these ranges? Confirm logic before you 100x from price at the edge of upper or lower bands.
C. Volume Profile Visible Range on far right to show price where majority of market is trading, and short or long interest at each level. Note VPVR will only show volume of positions on visible candles .
D.Use DMI to judge strength of up or downward momentum based on -Di or Di .
Di (- or +) above value of 25 is considered trending.
E. ADX is blue line within DMI, and can be used to confirm trend strength identified with Di. Note: ADX measures the strength of the trend and tends to go down before reversal. It measures the strength of the CURRENT trend [i.e. ADX at 50 can confirm strength of down or up move. Invest in yourself, do your homework.
https://www.tradingview.com/wiki/Directional_Movement_(DMI)
Don't be fooled in to thinking that money only flows if you can hit the tops or the bottoms.
Trade the range and secure profit on every run up or down.
THE MARKET WILL NEVER RUN OUT OF ENTRIES.
Appreciate the risk.
HOW TO USE THIS CHART:
A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels.
B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR.
Is your target within these ranges? Confirm logic before you 100x from price at the edge of upper or lower bands.
C. Volume Profile Visible Range on far right to show price where majority of market is trading, and short or long interest at each level. Note VPVR will only show volume of positions on visible candles .
D.Use DMI to judge strength of up or downward momentum based on -Di or Di .
Di (- or +) above value of 25 is considered trending.
E. ADX is blue line within DMI, and can be used to confirm trend strength identified with Di. Note: ADX measures the strength of the trend and tends to go down before reversal. It measures the strength of the CURRENT trend [i.e. ADX at 50 can confirm strength of down or up move. Invest in yourself, do your homework.
https://www.tradingview.com/wiki/Directional_Movement_(DMI)
Don't be fooled in to thinking that money only flows if you can hit the tops or the bottoms.
Trade the range and secure profit on every run up or down.
THE MARKET WILL NEVER RUN OUT OF ENTRIES.
Appreciate the risk.