EDUCATIONAL: MOMENTUM TRADING: THE POWER OF MULTIPLE TIMEFRAMES 🔹Introduction: Momentum trading is a tactic that makes money off the continuation of current trends in the volatile world of financial markets. Identifying assets that have entered overbought or oversold circumstances is a crucial component of this strategy. Trades can be executed on lower periods...
ALOT ! Have you ever came across “Journey to the west”. Journey to the West is a Chinese novel published in the 16th century during the Ming dynasty and attributed to Wu Cheng'en. It is regarded as one of the Four Great Classical Novels of Chinese literature, and has been described as arguably the most popular literary work in East Asia Short summary: The...
Everyone makes mistakes. Break rules. Not being discipline. Fight the trend. And the list goes on. And sometimes you wish you could turn back time and "RETRADE" again. But that's not gonna happen. What if you REALLY could turn back time? What are the thing you would have done differently? I just want to share this counter-intuitive theory. In order to win,...
PRISM Signals (Lime/Red) Buy/Sell signals based on filtered pSAR-based Monemtum/Acceleration/Jerk oscillator. [ p.Doji ] marks points of market-indecisiveness, and where typically, significant volatility and movement is about to occur ahead. FG-DIVERGENCE V4 {50/15-Series} (Light-Blue/Orange) Buy/Sell signals based on Momentum/Acceleration hybridized...
The PRISM Signals appears to work well especially at lower time-frames (even down to 5 min candles). The key is to maximizing true-positives is to carefully optimize the input parameters and scoring weights and detection thresholds for a specific given chart and timeframe. See also the 5 mins chart: Also shown here is the PDF script, which...
Reading the chart using the FLVDT and PRISM oscillator.
Ultimate Oscillator: This is a range-bound indicator, which means the value fluctuates between 0 and 100. Similar to the RSI, levels below 30 are deemed to be oversold, and levels above 70 are deemed to be overbought. Transaction signals are derived by finding situations where the price is going in opposite directions than the indicator. Once this divergence has...
The relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.