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How to use HA-Low and HA-High indicatorsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSD chart) The HA-Low and HA-High indicators are paired indicators. When supported by the HA-Low indicator, it corresponds to the time to buy, and when it rises to the vicinity of the HA-High indicator, it corresponds to the time to sell. This is a basic principle of indicator design. The HA-Low and HA-High indicators are indicators created for trading, so you can trade based on whether you are supported or resisted by these indicators. In addition to the basic design mentioned above, support in each indicator, HA-Low and HA-High, corresponds to the time to buy, and resistance corresponds to the time to sell. The basic design method is less psychologically burdensome, so it is easier than conducting transactions. When you try to buy because it shows support in the HA-High indicator, it is likely to be a point near the recent high, so you actually have a psychological burden. Therefore, for mechanical trading, it is best to choose a method of buying when supported near the HA-Low indicator and selling when it rises near the HA-High indicator as the basic design method. Both HA-Low and HA-High indicators exist on each time frame chart. Therefore, you can proceed with trading by looking at the time frame chart corresponding to the investment period according to your investment style. The length of the horizontal line on the HA-Low and HA-High indicators will tell you if the current trend is up or down. If the horizontal line of the HA-Low indicator is longer than the horizontal line of the HA-High indicator (HA-Low > HA-High), then the trend is likely to be up. In the opposite case (HA-Low < HA-High ), it is likely to be in a downtrend. Therefore, if you look at the 1M chart, you can interpret it as an overall downtrend. On the other hand, if you look at the 1W chart, you can interpret it as an all-out upward trend. Since it is judged to be in an upward trend on the 1W chart, what matters now is whether the HA-High indicator on the 1M chart falls and the length of the horizontal line becomes shorter than the HA-Low indicator. Therefore, from a long-term perspective, the time to buy in earnest is when the HA-High indicator on the 1M chart declines and shows support at the point where it was created. Looking at the relationship between the HA-Low and HA-High indicators on the 1D chart, it can be interpreted that there is a downward trend because the horizontal line of the falling HA-High indicator is longer than the horizontal line of the HA-Low indicator (HA-Low < HA-High). there is. Therefore, in order to turn into an uptrend, the HA-High indicator on the 1D chart must be moved and created. If not, even if it rises above 30215.26, the current HA-High indicator point on the 1D chart, the phenomenon of moving the HA-High indicator by shaking it up and down will eventually appear. This is a necessary move to sustain the uptrend, as it is inevitable. This concludes the method of trading using the HA-Low and HA-High indicators that I have been talking about for several months. Regardless of which indicator is used, the most important thing is how long the movement has been confirmed, so the reliability of the indicator can be obtained. Therefore, no matter which indicator is used to create a trading strategy, a long period of confirmation work must be done to suit the key interpretation method of that indicator. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
2
HIGH/BTC - High Gain: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $HIGH / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00009132 | 0.00010714 | 0.00013144, and the major support zones can be found at 0.00006702 | 0.00005854 | 0.00003424. Consider entering a trade at the current price zone of 0.00007532 and targeting higher levels. ◰◲ General info : ▣ Name: High Gain ▣ Rank: None ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: High Gain project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00007532 ₿ ▣ 24HVol: 2.944 ₿ ▣ 24H Chng: 7.293% ▣ 7-Days Chng: -5.27% ▣ 1-Month Chng: -28.91% ▣ 3-Months Chng: 120.47% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00009132 | 0.00010714 | 0.00013144 ◢ Support: 0.00006702 | 0.00005854 | 0.00003424 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.44 ▣ Last 90D: 1.97 ▣ Last 1-Y: -0.07 ▣ Last 3-Y: -0.50 ◲◰ Volatility : ▣ Last 30D: 1.49 ▣ Last 90D: 2.80 ▣ Last 1-Y: 1.75 ▣ Last 3-Y: 1.92 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.57 - Bullish ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth HIGHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
How to interpret charts from indicators (trading strategy)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for publishing as public scripts. ---------------------------------------- It is not easy to see and interpret all the indicators displayed on the chart. Therefore, it should be viewed and interpreted as the most critical interpretation method. The first thing to look at is the position of the MS-Signal (M-Signal on the 1D chart), HA-Low, HA-High, M-Signal indicators on the 1W and 1M charts. The most important of these is the location of the MS-Signal (M-Signal on the 1D chart) indicator and price. The price is currently located below the MS-Signal indicator, indicating a downtrend. To add one more thing to this, you can also check the relationship with the M-Signal indicator on the 1W and 1M charts. Since the price is located below the M-Signal indicator on the 1W chart and 1M chart, it can be interpreted as a downtrend from a mid- to long-term perspective. Therefore, you can see that the chart as a whole is starting to enter a downtrend. In order to trade in this situation, you need to check the location of the HA-Low and HA-High indicators. Currently, the HA-Low indicator is rising and is about to be created. Therefore, if today's candlestick closes around now, we would expect the HA-Low indicator to form at 21552.44. Therefore, it becomes important whether it can rise above 21552.44. Since the M-Signal indicator on the 1W chart is passing around 21552.44, whether it can rise above 21552.44 has become an important question. If the HA-Low indicator is created at 21552.44 and fails to rise above 21552.44, there is a possibility of renewing the previous low, so you need to think about countermeasures. If support is received at the 21552.44 point, it is likely to touch the vicinity of the MS-signal (M-Signal on the 1D chart) indicator. At this time, if you succeed in breaking through the MS-signal (M-Signal on the 1D chart) indicator, the possibility of rising to the vicinity of the HA-High indicator increases. When the candle is formed today, the body of Heikin Ashi is showing a bullish sign. Therefore, even if the price fails to rise, if the price remains above the Heikin Ashi body, it can be interpreted that there is a high probability of a rise around 21552.44. At this time, you need to check whether it is supported or resisted at the point 21552.44. As such, indicators on price charts represent trends and support and resistance roles, making it the most intuitive way to anticipate future movements. To support this, 'Vol & Trend' and 'Strength' auxiliary indicators are utilized. This auxiliary indicator strengthens the interpretation of the price chart indicators by providing additional evidence when the movements of the price chart indicators are judged ambiguous. The 'Vol & Trend' sub-indicator is an indicator related to trading volume. Therefore, you can check the buy strength and sell strength according to the movement of trading volume. You can also check whether the volume is trending up or down. The 'Strength' sub-indicator consists of the Stoch, StochRSI, RSI and CCI indicators. The most important of these are the StochRSI indicator and the RSI indicator. The RSI indicator is an indicator that is related to the HA-Low and HA-High indicators. Therefore, it is not directly interpretable. However, it is paired with the Stoch indicator and used as a basis for determining an upward trend or a downward trend. It is currently looking to switch from a downtrend to an uptrend. The StochRSI indicator is used to predict periods of volatility. In addition, it is used as a basis for determining whether the trend will change to an uptrend or a downtrend in the future due to the change in the wave. The current downtrend has turned to an uptrend, and it appears to be coming out of the oversold zone. The CCI indicator is used as a basis for judging whether there is an upward trend or a downward trend. However, it shows a trend that is more than short-term. All of these indicators are scored as uptrend, stationary, and downtrend to make an overall judgment. 'Vol & Trend' indicator Stationary : 1 Downtrend: 1 'Strength' indicator Uptrend: 1 Matching: 2 Downtrend: 1 It is a situation where the basis for judgment of the sub-indicators is not needed, as all indicators that are near the current price chart are located below the price. If it starts to show stationary or sideways movements near the price chart, then with the help of the indicators, you will be able to use it as a basis for judgment. Someone said it's a chart with all the indicators, yes, that's right. However, it is not always possible to see all indicators. You only need to report it when necessary and use it as a basis for judgment. We do not think of additional interpretation methods for each indicator other than the interpretation methods described above. You should pay attention to this. By combining support and resistance points here, you can create a trading strategy. No matter how you analyze the chart, analysis ends its role with analysis. To trade, you need to create a trading strategy based on chart analysis and correlation with support and resistance points so you can start trading. However, when it comes to most chart analysis, there is a tendency to ignore trading strategies. If you ignore your trading strategy, you will most likely not be able to find the right way to respond if the movement comes out in the opposite direction you thought. Therefore, both chart analysis and trading strategy are important, but you need to do chart analysis to create a trading strategy. If you forget about this and invest all your time and effort into chart analysis, you will end up with a higher chance of failing trades when you run out of time to craft your trading strategy right. Therefore, chart analysis should be completed in the quickest way to give you plenty of time to create your trading strategy. To do so, it is urgently necessary to make efforts to predict movements beyond the current one, rather than looking at the charts based on past movements and past patterns. ----------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
4