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Breadth Indicators

An example of a new way to interpret the OBV indicator Hello, traders. If you "follow", you can always get new information quickly. Have a nice day today. ------------------------------------- I think the reason why there are difficulties in using auxiliary indicators and why they say not to use indicators is because they do not properly reflect the price flow. Therefore, I think many people use indicators added to the price part because they reflect the price flow. However, I think auxiliary indicators are not used that much. Among them, indicators related to trading volume are ambiguous to use and interpret. To compensate for this, the OBV indicator has been modified and added. - The ambiguous part in interpreting the OBV indicator is that the price flow is not reflected. Therefore, even if it performs its role well as an auxiliary indicator, it can be difficult to interpret. To compensate for this, the High Line and Low Line of the OBV auxiliary indicator have been made to be displayed in the price section. That is, High Line = OBV High, Low Line = OBV Low - Then, let's interpret the OBV at the current price position. The OBV of the auxiliary indicator is currently located near the OBV EMA. That is, the current OBV is located within the Low Line ~ High Line section. However, if you look at the OBV High and OBV Low indicators displayed in the price section, you can see that it has fallen below the OBV Low indicator. In other words, you can see that the price has fallen below the Low Line of the OBV indicator. You can see that the OBV position of the auxiliary indicator and the OBV position displayed in the price section are different. Therefore, in order to normally interpret the OBV of the auxiliary indicator, the price must have risen above the OBV Low indicator in the price section. If not, you should consider that the interpretation of the OBV of the auxiliary indicator may be incorrect information. In other words, if it fails to rise above the OBV Low indicator, you should interpret it as a high possibility of eventually falling and think about a countermeasure for that. Since time frame charts below the 1D chart show too fast volatility, it is recommended to use it on a 1D chart or larger if possible. - It is not good to analyze a chart with just one indicator. Therefore, you should comprehensively evaluate by adding different indicators or indicators that you understand. The indicators that I use are mainly StochRSI indicator, OBV indicator, and MACD indicator. I use these indicators to create and use M-Signal indicator, StochRSI(20, 50, 80) indicator, and OBV(High, Low) indicator. DOM(60, -60) indicator is an indicator that comprehensively evaluates DMI, OBV, and Momentum indicators to display high and low points. And, there are HA-Low, HA-High indicators, which are my basic trading strategy indicators that I created for trading on Heikin-Ashi charts. Among these indicators, the most important indicators are HA-Low, HA-High indicators. The remaining indicators are auxiliary indicators that are necessary when creating trading strategies or detailed response strategies from HA-Low, HA-High indicators. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
5
Check support near 104984.57 Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) OBV indicator is showing signs of rising above High Line. Therefore, the candle body color has changed to dark green (#00332a). Therefore, the key is whether it can be supported near StochRSI 80 (104984.57) and rise above 10613.74. If it falls, 1st: 104463.99 2nd: 102302.08 You should check whether it is supported near the 1st and 2nd above. - If it is supported near 104984.57, it is likely to rise, but since the volatility period continues until May 20 (up to May 28), it is recommended to check whether it is supported. Therefore, the point of observation is whether the price can be maintained above 102302.08 even after the volatility period. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Explanation of the big picture. I used TradingView's INDEX chart to check the entire range of BTC. I rewrote it to update the previous chart by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
by readCrypto
Was this the best buying opportunity since 2011?Sure, here's a rewritten version of your text in an engaging tone: "Have you ever heard of the Zweig Breadth Thrust? Well, let me tell you, it’s an incredible metric that can really shed some light on the current market situation! So, what would it take for me to believe that this bounce isn't just another bear market rally? My first step would be to dive into the breadth indicators and look for signs of that elusive breadth thrust. Think of a breadth thrust like a rocket taking off. You need a strong initial boost to break free of gravity's grip. If the thrust is weak, the rocket can’t escape, and the same applies to stock market reversals. When we see a robust breadth thrust, that's a signal that a significant reversal is underway. Without it, we could be facing another false bounce. Now, let’s talk numbers! As of Friday, April 25th, the SPX has surged an impressive 14.2% from its recent lows, and while that’s quite a leap, it’s essential to keep it in perspective. Just think back—this index was down 21.35% from its all-time high earlier in February during the panic sell-off. Now, with the recent strength, it’s only 10.75% off its peak. The Zweig Breadth Thrust is calculated based on the 10-day EMA of NYSE Advances divided by the sum of Advances and Declines. A bullish signal pops up when the ZBT shifts from below 0.40 to above 0.615 within just ten days or less. Keep an eye on that—it might just help us navigate these choppy waters!" On the monthly chart, it’s clear that what we’ve been seeing in the broader economy (you know, Main Street) is actually showing us some bearish divergence—a concept I've mentioned in my previous ideas. Since 2009, we've had four notable instances on the Monthly chart where the ZBT dipped below 0.40, only to bounce back up past the 0.6 mark. Remember back in November 2011? That was when we got a significant signal with a low reading of 0.31, which climbed back to 0.62 by February 2013. That surge sparked a bull run that peaked in February 2020! So, the takeaway here is that this breadth thrust is generating the positive momentum we need to reach new stock market highs this year. Exciting times ahead!
SP:SPXLong
by BallaJi
About the Volume OBV indicator... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think TradingView is attractive because users can create charts as they want. However, since the number of indicators that can be added to the chart is limited depending on the plan, you have to add indicators that fit your plan. As a result, I ended up integrating multiple indicators into one indicator. - The HA-MS indicator in this chart is a public indicator. If you search the Internet, you can find detailed explanations on how to interpret the OBV indicator. I expressed it as follows to make this interpretation method more realistic. The body color of the candlestick is indicated by the 4-stage OBV indicator. The OBV indicator is distinguished in the same way as the Price Channel indicator. You can interpret it like the Bollinger Band. That is, if the middle line that divides 2 and 3 rises by more than 3, you can interpret that the buying force is increasing. 1: It means below the lower line of the Price Channel and is indicated in dark red. If you enter this section, there is a high possibility of a sharp decline. You should check the support and resistance points because it is likely to stop falling soon and rise to 2. 2: It means between the lower line and the middle line of the Price Channel and is indicated in red. This section is likely to show a weak downward sideways movement. Therefore, if it rises from 1->2, there is a possibility of a short rise. However, if it fails to rise to 3, it is likely to fall back to 1, so it is recommended to make short trades. 3: It means between the middle line and the upper line of the Price Channel and is displayed in green. This section is likely to show a weak upward sideways movement. If it rises from 2 -> 3 and shows a sideways movement, you should focus on finding a buying point. 4: It means above the upper line of the Price Channel and is displayed in dark green. If it enters this section, there is a high possibility of a sharp rise. Since it is likely to stop rising soon and fall to 3, you should check the support and resistance points. - What we should pay attention to is when it changes from 1 -> 2, 4 -> 3. As explained above, 1 is a section located below the lower line of the Price Channel, so there is a high possibility of a sharp fall. 4 is a section located above the upper line of the Price Channel, so there is a high possibility of a sharp rise. Therefore, you can proceed with an aggressive buy when it changes from 1 -> 2, and you can proceed with a sell when it changes from 4 -> 3. In the case of futures, it can be used as reference information for entering and liquidating LONG and SHORT positions. - They say that the only things you need on a chart are price and trading volume. However, it is not easy to interpret this in reality. To compensate for this, we hid the colors of the existing candles and displayed them in 4 stages of OBV so that you can intuitively see which stage the current price is at. - Thank you for reading to the end. I hope you have a successful transaction. --------------------------------------------------
Education
by readCrypto
After falling for several days in a row, where should gold go?Gold technical analysis: After the gold opened in early trading, the price shot straight up, with the opening price at the 2858 line, which is a strong short-term support level. After rising in early trading, according to market inertia, there is a high probability that the European market will continue to rise. The strong pressure above is at the 2885 line. When the price touches this point for the first time, short selling can be carried out during the day. Since the opening of the morning session was directly pulled up sharply, the entry position for long positions today will obviously not be too low. However, it should be noted that since the rebound of 2832, the possibility of directly hitting a new low again today is extremely small, so the probability of a direct sharp drop in price is unlikely. However, don’t think about gold too simply. The short trend does not mean that it will continue to fall without a counter-tick. It can be found that before gold fell, it made two supports near 2890. If it falls below 2890 later, then 2890 will change from a support to a suppression position. In the short term, the upper side focuses on the resistance of 2880-2890, and the lower side focuses on the support of 2860-2850. Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, earn stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
OANDA:XAUUSDShort
by GoldKing_Allen
Largest Dark Pool Sweep Order Since 2023...On a ranked scale since inception, there was a relatively small DP sweep order ranked #58 Price purchased at $63.90. The reason why its so substantial is that it was the largest trade made since 2023 when the stock found major support at levels we are still consolidating in to this day. The even bigger reason on why this means we are most likely bottoming for the last time is that the #58 trade was a DP SWEEP. Meaning they bought the stock at market value to fill it as fast as possible. They did not set a limit order and wait patiently.
NYSE:XYZLong
by LeapTrades
5
BITCOIN SITS ON CRITICAL BULL MARKET SUPPORT!!!Good day Traders and investors, Bitcoin at the moment is sitting above VERY CRITICAL Bull market support band. In my opinion, this support needs to hold it there is going to be another leg up. I want to add this is likely the last time it will hold this line as support. It will not play such a big roll in the future other possibly serving as resistance to the tops or top. Please keep in mind I as talking about closing above support, so... yes it can wick down. Weekly and monthly closes are very important. If this level is lost with a monthly close, then I would call t his bull run over. Yes, it's that important. The top shows the entire trend line, and on the bottom is the same line, just zoomed in o the daily. Please feel free to ask or add anything down below like and share. Follow me on other socials linked in the BIO. Kind regards, WeAreSat0shi
BNC:BLXLong
by WeAreSat0shi
8
btc finds 200 ema support, whats next?As I have been posting in these "Ideas" for the past few weeks about market direction and where the price for BTC will go. It now has come to pass where the 200 EMA has been tested and support has been found, It however has not generated any relief among buyer sentiment unable to push price above the previous days close leaving the digital asset to continue to bleed out and cause positions from all the 93k Bulls to liquidate. Its a shame people cannot make the connection that the only way price can go higher is to go lower in a market. That Is why I am going to warn people about where we may go , I believe the 200 EMA will be tested again and if support is broken it will send is into the low 70k area where there are open orders and It is possible this may happen. The Bull market support band is the 200EMA however there may be institutional money that may drive us down to cause massive liquidations and fear and panic among those holding bags while greed causes big players to push more into the fringe of where we can maintain a recovery. Watch for a retest of the 200EMA . which is a bit of a fuzzy zone , use the high and low to denote the area for support as well as keep an eye on the RSI and CCI , we are also watching on balance volume drop off which is not a great sign that there is market confidence however this will play out over the weekly and the weekly candle will start to materialize in the next few days.
by dasBoot
1
Bitcoin | 60-Day OutlookYou may wonder, where did I get this price path prediction from? I audited the entire chart of bitcoin from when it was created to now. Compared every top, bottom and consolidation move to present. The one you see here does not accurately predict the EXACT price it rejects, supports from BUT, it has predicted the last few months of price action for me so far. First target is FWB:88K Second target is $85K-$84K then a bounce back to $105K and a drop. For the next few months, Bitcoin is going to be volatile and consolidate during its top formation.
COINBASE:BTCUSDShort
by LeapTrades
1
Potential Short Opportunity for GE Aerospace (GE)GE Aerospace (GE) may be a good short opportunity here, as the hourly chart shows some nice negative divergence within a nice-looking rising wedge formation. If Ge breaks the wedge, short-term support will be around the $205 level. If they break that level, then I would be watching that $199.13 support level. If $199.13 were to fail, I would then watch to see if we could get a third reaction on the possible rising trend line highlighted in light blue.
NYSE:GEShort
by SolarEclipseN
PEPSIIII - Long Term Super Over Sold ConditionsThis play does not make the much sense to me via a fundamental perspective regarding the economic outlook of companies like PEPSI, Coke and $KO. But, from an investment standpoint, they control the food/drink market and have seen stagnant numbers and low growth regarding there products. Our new leader RFK Jr. in the food industry might start a complete overhaul of the products forcing these companies to rethink there targeted audiences/ marketing campaigns and adapt to this generations pallet. Short term it needs to build more structure and a foundation, on the other hand watch out for a V shaped reversal in the coming weeks. Target #1 - $155 Target #2 - $160 Target #3 - $170 Stop Loss - $140 Stay tuned for option position longs, I will personally be investing money in them as well.
NASDAQ:PEPLong
by LeapTrades
6