Indicator-based analysis is used by many traders to help them make decisions on what trades to take and where to enter and exit them. TradingView has 100+ built-in indicators for market analysis, based on industry-standard formulas. The public library contains 5,000+ custom built indicators, created by talented community developers. Custom indicators are coded in the Pine programming language which allows users to create them from scratch. Indicators are calculations that are displayed on the chart, based on price or volume.
1. You should not expect that the loss-making trades will ultimately lead to a reversal and profit. You should not build up a position on it, proving to yourself that you are right. The best solution would be to exit the position and accept your losses, as they are inevitable in stock trading.
2. Stop loss and take profit should be based on the market situation,...
Press ALT + I to invert your chart. If you're on a Mac, press option ⌥ + I. This shortcut will instantly flip the chart you're looking at upside down. Inverting your chart can give you a unique and different perspective on price and trend.
Today, Amazon crossed $3,000 per share for the first time ever and its market cap now stands at $1.5 trillion. Congrats to...
Crude oil is becoming weaker and weaker.
though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal,
it looks like things are much more complicated than that.
if you are a swing trader and you are looking for an opportunity to jump in in the market,
I guess it is not the best...
We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these...
I spent a week curve fitting Lambo script for the SPY/ES futures market and today all the parameters hit the sweet spot with super high profit factor. I did it by severely limiting the script's ability to go short. All metrics for trade entering is very specific with longs operating off a 300 moving average and shorts operating off a 120 MA. I used FRAMA as the...
Here is a very simple signal that I like and enjoy...
When you see MA200 dropping fast down but prices move above, this is a signal that the next move will be up.
Keep in mind that is recommended to look for multiple signals to support your bias...
One signal can be good/strong but in my opinion is never enough.
Also, make sure to build a plan before you...
You will never control where the market goes next... unless you are a market maker with very deep pockets.
Stop trying to predict where something will be in 6 months and focus on what's happening now.
Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets.
Here we have a chart of tesla.
Custom Candles, Ema Dots...
Found some patterns that repeat using this new indicator. The pattern is usually some random number on top (the numerator) with 2's on the bottom (denominator). Following this series of 2's is usually a big huge rally.
This pattern can be found on every time frame.
Here are more charts with the number 2.
In this video idea, I share how to create indicator settings configurations by creating a new input with a set of options that will automatically adjust your indicator or strategy based on pre-defined values.
First off, MOC and MOC Imbalances are two things I am still in the process of learning and understanding better, so I am not claiming to be an expert on the topic. Please chime in if I have wrote anything incorrect or if you have something valuable to contribute!
A Market-On-Close (or "MOC") order is an order sent to trigger near the market close. We see this...
1 - Find a Modified Double bottom forming W Pattern.
2 - At Neck of W draw resistance line.
3 - Enter the Trade at breakout of the neckline.
4 - Use measurement tool for a 1 to 2 risk reward projection to find SL & TP
It is still the early days for many coins!
Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000.
I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best...
Sometimes as traders we tend to focus on every little move and get overwhelmed with price action.
I personally believe making your charts simple is the key to success!
1. Trend Trading
2. Risk Management
The 2 things that matter the most by far when it comes to trading. You as a trader need to step away from focusing on every price action move in the markets,...
The algo that I’m working on creates super messy charts to discourage people from buying. The goal is to time the market, and the way this chart works is to buy only when the background is completely white. If there are lines and bars all over the place— you don’t want it.
This indicator will be for investors whose strategy is to buy and hold for max gain and...
Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Areas to look for re-accumulation:
Previous resistance turned support
Chosen EMA (14/50 here/Fader technique).
RSI is useful for setting alerts. RSI here is at 7. Oversold at 75/overbought at 25.
Also useful for a last conformation (although not needed). You may also get a divergence below the creek on the 5 or 15 once price intersects...
Learn how to analyze and draw a trade setup that gives you clear entry point, check how price action is moving. Learn highlighted points on the idea. We have explained the reasons what is moving gold.
GOLD moved about 10% since the last two weeks in its bullish streak. It's holding its ground in the resistance zone. We have marked four retracement zones on the...