Welcome back, fellow traders, to another exciting episode of our Pine Script™ journey! In our previous video, we explored how to use existing scripts and indicators on TradingView. Today, we'll take the next step and dive into the fascinating world of reading and writing Pine Script™. In this episode, we'll focus on the fundamental aspects of reading Pine...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSD chart) The HA-Low and HA-High indicators are paired indicators. When supported by the HA-Low indicator, it corresponds to the time to buy, and when it rises to the vicinity of the...
In the markets, traders and investors frequently search for the optimal software tool that will produce reliable profits over the long term. Many traders believe that in order to get the best and most reliable signals they need to, find the perfect tool would need to include as many indications as feasible. The truth, however, is far different. let's explore this...
A new series of my publications will be devoted to the guides for the indicators that I use in my work. I'll start with the Fundamental Strength Indicator . To understand what it is for, let's imagine that you are the manager of a long-distance running team, and you need to recruit a team of excellent athletes. However, you don’t even know the names of these...
Hey traders, Technical indicators are an essential part of technical analysis . With multiple different indicators on a chart, the trader aims to spot oversold/overbought conditions of the market and make a profit on that. Though, I don't consider myself to be an expert in indicators trading, here are the great tips that will help you dramatically improve...
The TrueLevel Bands Indicator: Why It's One of the Most Useful Indicators Out There The TrueLevel Bands indicator is a powerful technical analysis tool that helps traders identify trends and potential reversal points in the markets. It is a versatile and customizable indicator that can be used on any financial instrument, including stocks, commodities, forex,...
"Look for a confirmation!" "Wait for a confirmation!" When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation? It was a full-blown mystery...🤯 Then, once I started to mature in trading and trade full-time, I became an author...
While there is no single definitive answer to which specific combinations of technical indicators is the most profitable, I can try to provide some popular combinations and their application in trading strategies. The success of these strategies depends on various factors such as the trader's skill, market conditions, and risk management techniques. 1. Moving...
OANDA:XAUUSD Since 2014 i am in trading field , before trading view i mostly use Broker's chart Most of broker's chart lack of accuracy and trading tools Trading view provide large scale of trading tool's and indicator's In starting phase of my trading career i got so many setbacks I lost around 27k$ , that was all due to not interacting socially with...
I did not go into the details of "lagging" as it relates to indicators. Which is a true statement but its a misunderstood statement in the trading industry because most people don't truly understand what that means and also there are a lot of indicators that are leading. However in this video when I say "lagging" I am referring to the general idea in fx that...
Here are some combinations of technical and fundamental indicators that investors often use to analyze stocks. 1. Moving Average, MACD , RSI + Valuation Ratios (P/E, P/B, P/S) This combination of technical and fundamental indicators is commonly used by investors to analyze the short-term price trends of a stock and its long-term valuation. Moving averages, MACD...
◻️MACD(Moving Average Convergence/Divergence) Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an...
Trend Indicators: 1. Moving Average (MA): The Moving Average is a popular trend-following indicator that smooths out price data by creating a constantly updated average price. The MA is used to identify the general direction of a trend, as well as potential support and resistance levels. The most commonly used MA types are the Simple Moving Average (SMA) and...
Technical indicators are mathematical calculations based on an asset's price and/or volume that are used to analyze market trends and identify potential trading opportunities. 📍Trend indicators: These indicators are used to identify the direction of the market's trend over a given time period. Some popular trend indicators include moving averages, trendlines,...
OANDA:XAUUSD What Does RSI Mean? The relative strength index (RSI) measures the price momentum of a stock or other security. The basic idea behind the RSI is to measure how quickly traders are bidding the price of the security up or down. The RSI plots this result on a scale of 0 to 100. Readings below 30 generally indicate that the stock is oversold, while...
Top 10 technical indicators for successful trading Introduction: Technical indicators are essential tools for traders to analyze market trends, identify potential trading opportunities, and manage risk. These indicators are mathematical calculations based on past price and volume data that can help traders make informed decisions about buying or selling assets....
This one is for anybody looking to try a new consistently solid strategy with multiple intuitive indicators setup that is not automated - yet. But, since the strategy part of this setup relies mostly on a simple but effective BBands strategy (I've found best results with 15m), it shouldn't be that hard to get automation setup. As it is now, the indicators...
📍What is “confluence trading”? “Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade. You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal. Confluence refers to any circumstance where you see multiple trade...