Hi, traders! Oscillators are very important part of any trading strategy. It helps to find the momentum and gives rather reliable signals in conjunction with other indicators. Today we’ll speak about one of the most powerful oscillators – Ultimate Oscillator. Ultimate Oscillator uses the weighted average of three different timeframes and has less volatility and...
Hi every one *Definition of RSI: This indicator Is momentum base indicator. The biggest difference with momentum is that there are two line which indicate that: Is the price in the oversold or overbought area or not? We can easily compare the tops and bottoms of every instrument that we like! There is not much difference between RSI and Stochastic oscillator only...
I get a lot of questions on how do I seem to make such accurate trendline's, channels and support's and resistance. People seem to be impressed how often the lines on my chart are right where price seems to always react. Well this is as it should be, as your lines are markers where price action might do something interesting. But what is my trendline or...
This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe. It automatically labels the length of current market high-high and low-low pivots...
Just a simple tutorial on how to use the Crypto Sniper indicator. Rules 1. Wait for the entry Long/Short signal appears 2. Use the ATR take profit or stop loss as a trailing stop or to close your position 3. Use the exits signals to close partially or entirely your position 4. You can enable the additional entries where you can add more to your position following...
Hi traders! Today we gonna tell you about one of the most interesting indicators. As you know, trend is based on price action. Everything on the market based on price action, LMAO. Thus, it’s considerably important to define and extract some hidden states, that can play a huge role in trend predicting. Aroon is one of this hidden-state finders. The Aroon...
LISTEN - To your MA's they're your snake eyes. They move like snakes following the money. ( check out post " benefits of scale on the left ". They know where the price been and they're letting you know where it's going. NOW, IF ALL MA'S MEET AT ONCE, WHAT THAT MEAN? --- I HAVE NO IDEA. EXACTLY. WE HAVE NO IDEA IF THE Great Wall OF CHINA IS GOING TO SUPPORT...
Using the Relative Strength Index The Relative Strength Index (RSI) is a very popular and often used indicator that can be used effectively in many different ways. My personal favorite two are: 1. As a tool to indicate a reversal. This is the most popular way. 2. As a momentum indicator. This is what it was designed for. Below we will discuss how to read the...
There are two decision branches the indicator may take to trigger a buy signal. I've copied the most relevant lines of code below and added comments. I added a visual representation for every single element that exists in those lines of code. The different indicators I add here have educational purposes only. The original script already does an excellent job...
One of the most commonly asked question by novice traders is "what indicators should I use?" which is unsurprising given the vast array of available tools on a typical trading platform. Some traders prefer to crowd their charts with all sorts of indicators, whereas others prefer a more minimalistic approach. While there is no perfect solution, one thing should...
If you have watched my videos you know I take issue with the word "best" when it comes to anything trading but this is a good question from my social media to inspire this video tutorial. In this video I lay out the framework for combining price action with different indicators to create high probability trading setups.
One fairly easy and useful pattern for determining reversals is the AB=CD pattern. The pattern simply looks for two rising or falling legs up or down respectively. Then one simply measures the retracement level from point B followed by the projection from C (luckily tradingview has a tool to assist with this). If these values equal a 0.618 or 0.786 retracement...
See the power of Combination divergence and hidden divergence MACD to signal end of up trend, that hidden divergence inside divergence (green line & red line) i will show this pattern end of short trend in the 40 k zone.
Every full-time trader knows that rule number 1 in this business isn't to make money; rule number 1 is: don't lose money. Hence, any successful, long term trading strategy must inherently focus on managing risk. I know that lately the word risk carries next to no meaning, and that's because the more risk you take, the more you're rewarded, while those who manage...
RSI is the most popular indicator, according to TradingView. So why does it test like garbage? I show you backtest results using several RSI strategies: Crossunder from overbought/crossover from oversold (the default RSI strategy provided by TradingView and suggested by Wilder) RSI + EMA 200: is RSI profitable with the trend? RSI + ADX: is RSI profitable in...
Hi, traders! Today we gonna start the tutorial “Trading from scratch”. These short but very useful articles are intended for beginners who’s just started their way in trading. We hope you’ll enjoy. Today’s article will give the full understanding of one the most popular, easy and very useful indicator - MAC. Moreover, we’ll show you how to apply it efficiently. ...
Hi every one So in this post we want to talk about a thing that If you've been following us you would've see a lot of it ! we wanna talk about Divergences! and how to use them to our advantage! there 4 kind of divergences in total which we will describe one by one! 1-regular Bearish Divergence (-RD) 2-regular Bullish Divergence (+RD) 3-Hidden Bearish...
RSI = Relative Strength Index Is fluctuates between 0 and 100 • A momentum Oscillator • Increasing RSI when: Average gains are greater than average losses = Bullish • Decreasing RSI when: Average gains are less than average losses = Bearish How to use: 1. Trend recognition: trading in the direction of the trend 1.1 Above 50: Uptrend 1.2 Below 50:...