Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to...
Hey Rich Friends, Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them. Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio. If you are...
Hey Rich Friends, This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do: 1 . Identify the overall trend of the market. It is important to understand that a Selling market will look like a roller coaster going up, have more...
Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process. You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening. In this video im going to give you a VERY simple strategy on: 1. How to know if the RSI and price are ranging 2. When do i break away...
Most people use the RSI as a momentum indicator, trying to find Overbought/Oversold (OBOS) conditions, and/or divergences. However there is also a way to use it as a Trend Tool. There is a mathematical relationship that connects the RSI and EMA's. The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x) i.e. RSI(14) cross-over 50 line = Close...
Hey Rich Friends, Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest. Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic (turn on price line) Bullish...
The stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't. I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater...
Get ready to revolutionize your trading strategy with our latest tutorial on the Chop and Trend Index (CTI)! This unique indicator, unlike traditional oscillators, provides a fresh perspective on market conditions by identifying periods of market chop and strong trends. Whether you're trading stocks, forex, or commodities, on any timeframe, the CTI is a...
In this video, Stock Justice introduces you to the Volatility Adjusted ADX (VADX), a powerful tool that combines trend strength and market volatility. Learn how to customize your settings for optimal analysis and how this indicator, with its proprietary mathematical formulation, offers a nuanced perspective on market dynamics. Discover the benefits of normalized...
In this comprehensive tutorial, we dive deep into the world of the Trendicator, a powerful and innovative trading tool made by @StockJustice that enables traders to identify trends, spot reversals, detect bullish and bearish divergences, and perform multi-timeframe analysis. We delve into the inner workings of this never-before-seen indicator, demystifying its...
Hello, it's Stock Justice here! In our latest video, we explore the intricate workings of the Dynamic Action Convergence Divergence (DACD) - a tool that synergizes the robustness of the ADX and the DI lines to create a dynamic and responsive trading indicator. We plunge into the depths of DACD, starting with the base components - the Average Directional Index...
Hello, it's Stock Justice here! In our latest video, we delve into the world of the Dynamic Fusion Oscillator (DFO) - a tool that blends the power of the Relative Strength Index and the Stochastic Oscillator. I walk you through how it works, from understanding these two base components to how we fuse them to create a balanced and sensitive tool for identifying...
Now I've been TRADING trend continuation for 180 days now and I had something come to me on WEDNESDAY. The market being in an over bought or sold situation can affect our TRADES. I'll be making use of the RSI to aid my setups (that is: where my SLs and TPs even entries will be). Here are rules that can guide you after watching the video. RULES OF THE RSI 1. Above...
In this video I go over how I trade with my custom mean-reversion histogram and overlay indicator, explaining the logic behind my entires and profit-taking levels. This example is taken from $SPY on the 1-minute chart, and I examine all four of the alerts that the indicator gave today. Comment below with any questions!
Well ladies and gentlemen I think I have created a monster and I'm really happy to call it the heiken Ashi algo and the Mass Effect moving average combination. Don't worry I have not been leaving you hanging. It's just been very busy and I want to make sure that this thing works beautifully for you. So what is the heiken Ashi algo oscillator? it is an...
Hey everyone! 👋👋 In this video, we're taking a look at the ADX Indicator. We break down how it works, how to interpret its output, common uses for it, and ways that it can help you find and screen for opportunities you like. Feel free to drop some questions below in the comments! Remember - nothing in this video constitutes advice, our only goal is to educate...
Hello Everyone, Here is a small video describing the idea on studying divergence data based on divergence backtester script. To understand further, you can study some of my older scripts on divergence. You can find them under my profile: www.tradingview.com Filter only open source scripts so that you will see only free to use scripts with code available. This...
This is just an update to the RSI Formula since some of you are still having trouble with it. Its not as hard as it seems. Now with the oscillator scale reading ZERO at the mid line, there is no math to do. RSI Values as follows 0-9 = 1 to 2 rr 10-19 = 1 to 3 rr 21-29 = 1 to 4 rr 30-39 = 1 to 6 rr Dont worry too much about the last two. you want to be safer at...