Hello, traders! As you know, the knowledge of a coin be overbought or oversold can be very profitable for any trader. That's why it's very important to identify these states. Moreover, the indicator that help us has already been invented. Well, today we'll speak aboout Money Flow Index. The Money Flow Index (MFI) is a technical oscillator that uses price and...
Fully blind signal charting followup for Waves+, BTCUSD 4h. All horizontal lines/signals were plotted with the candlestick chart hidden and not visible. Additionally, this time, all directional trades and exits were determined with the chart hidden. Additional signal explanation and rationale is detailed in yellow text, annotated on the...
It's always easier to look back and see what should have been obvious at the time. This is a short case study of how one COULD have traded Bitcoin successfully from it's last epic run of 2017. This should be a precursor to what happens in 2018 and going forward. It isn't a 'method', but is an observation and an opinion that will guide my own trading going...
There’s been a number of messages today informing me of the lower time frame head and shoulders pattern. Traders are sometimes caught out with falsely identified head and shoulders patterns, and then the market runs in the opposite direction of that expected as the error is realised causing a energetic surge in price action as traders closes short positions. How...
RULES: -----------------Auto-Trendline Strategy ------------------------ For LONGS: 1- 3 Green squares on the Trend meter (Oscillators) 2- Green Trend line price Break 3 - Price above 10 EMA 4- Watch for support/resistance Gap in between. 5- Open 1:1 Risk reward ratio Long based on the largest wick of last 8 candles. For SHORTS: 1- 3 Red squares on...
Here we can see in one day candles the use an oscillatory indicator, in this case Williams%, reading that indicator we can now when the price of this currency is either in a overbought or oversold state. In orange color we can see the overbought states and in green color we can see oversold states also in pink color is a line that mark the middle point of the...
Happy New Year, dear subscribers! Today we will consider the easy understandable but very effective technical analysis tool - the Awesome Oscillator (AO) Indicator and the most common strategy using it. Definition AO is calculated as the difference between the 5 and 34 perid SMAs of the median price. The median price is a high plus low price divided by 2. It...
Introduction I explained in my post on indicators settings how computation time might affect your strategy. Therefore efficiency is an important factor that must be taken into account when making an indicator. If i'am known for something on tradingview its certainly not from making huge codes nor fancy plots, but for my short and efficient...
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...
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...
Introduction If you're here on TradingView, it's probably because you believe that charts and technical analysis can give you an edge in the trading of currencies, metals, cryptocurrencies, and stocks. Granted, sometimes technical analysis doesn't work, but it works often enough to keep hundreds thousands of traders coming back here day after day. The larger...
An update on my use of indicators. Going to throw my thoughts out my thought process if you're interested. In my last "My favorite indicators" idea I placed the moving averages in the ones I do not use, they were top of the list thought the first ones that come to mind and make most sense. They are no substitute for a complete analysis but you need a starting...
In this example the 1 hour is above and 15 min below. On the 1 hour chart the RSI support and resistance plotting tool is activated. The numeric settings are out of the box. The only change here is the color of the S/R lies and candle illumination. Once the indicator is activated i chose support and resistance levels that were closer to being in play and...
Following Multiple requests from the community to Publish most popular trading strategies along with their backtest results. I have a listed down some popular strategies from the web and we would be posting regarding the methodology and related parameters used. This is not financial advice and we won't suggest you invest in any strategies without doing your own...
Awesome Oscillator Trading Strategies Navigating the world of trading indicators can be complex, but the Awesome Oscillator offers both simplicity and effectiveness. This article delves into how this indicator works, its best settings, and three strategies to use across all asset types. Awesome Oscillator Explained The Awesome Oscillator (AO) is a...
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...
The Accelerating Oscillator is an indicator that measures the acceleration or deceleration of the current driving force of the market. The start of the Accelerating Oscillator performance is based on the assumption of its author Bill Williams that prior to the change of direction of the cost shift, the stimulus of its change must fall. How to use the accelerator...
In our last post we discussed how volume plays a crucial role in financial trading, providing insights into the strength of price movements and overall market sentiment. Volume indicators are essential tools for traders, helping them make informed decisions based on market activity. In this blog post, we will dive deep into the world of volume indicators,...