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HOW-TO Determine If It Is Time To Buy Or Sell With AutoClimateHOW-TO Determine If It Is Time To Be A Buyer Or A Seller What does this invite-only script do? This app aims to assist when identifying which one is the right side of the market in which to trade: long, or short, or simply doing nothing and avoiding trading. The above concept is the reason for the name of this indicator: “Climate”, as this word defines the current market environment and therefore helps when planning a new trade to be executed. The desired trade duration (position, swing or intraday trades) would depend on the time interval (time-frame) selected when applying the indicator. A common practice in the industry consists of assessing the current market environment (climate) by using a larger time-frame and plan specific trades using lower time-frames to reduce the dollar-risk of the trade. Ultimately, this type of process and decisions correspond to the user of this app. How to manually insert this indicator into a TradingView chart? Locate the upper toolbar within the Chart where you plan to insert this indicator, Click on Indicators and Click on Invite-Only Scripts Select “!AutoClimate” by left-clicking on it Note: Once this app is inserted in a chart it then needs to be calibrated. Please refer to the Section on Calibration to understand how to perform this process. Which components are displayed? The example illustrates the various components available when using AutoClimate™ applied to a chart: Dots: Their colour point at the direction in which a market is likely to move where ruby represents down-markets and sapphire represents up-markets. Thin dots represent unconfirmed market conditions (climate) and thick dots represent confirmed market conditions (climate). ATR Spread: The size of the “ATR Spread” vertical line represents the distance from the current price on the chart to an average “ideal” trading price. The distance is measured in multiples of a standard ATR (Average True Range) calculation applied to the current time-frame. When the line is above the dot it means that the price of that market is at a certain distance away from the “ideal” average price and moving in the expected direction defined by the dot colour (ruby is down, sapphire is up). When the line is below the dot and becomes grey colour, it means that the market is no longer moving in the expected direction and that the “ideal” average price has been exceeded. Stats: The app displays 4 digits with relavant information which depends on the amount of data loaded on the chart: Distance (measured as an ATR-multiple) from the current price to an average “ideal” price Statistical duration of up-markets measured in amount of candles Statistical duration of down-markets measured in amount of candles Amount of candles corresponding to the current market condition (up or down) Assessing the Settings Menu and Calibrating the app? Calibration is a key process in defining how the analysis is carried out and will impact the potential results obtained by the user using this app. The calibration input is down to the user’s personal judgement and is at their own risk. Calibrating the app is done by changing the user inputs. Access the input dialog box by following the below steps: Locate the AutoClimate™ indicator title on the bottom left part of your chart Click on the Settings wheel Notice the default calibration settings are set to 9, 14, 14. Feel free to change to any value of your choice. click "OK" Below is a description of the various input fields: EMALength: Can be any value, and refers to the amount of bars used to calculate an Exponential Moving Average (EMA) that is used by the app in order to assess the Market Climate DMILength: Can be any value, and refers to the amount of bars used to calculate the Directional Movement Values (DMI) that are used by the app in order to assess the Market Climate ATRLength: Can be any value, and refers to the amount of bars used to calculate the Average True Range (ATR) Value that is used by the app in order to measure how far the current price is from the “ideal” average trading price   Legal Considerations Disclaimer: When using this App you understand and acknowledge that the risk of trading can be substantial and that each investor and/or trader must personally consider whether this is a suitable investment. Past performance, whether actual, or indicated by simulated historical tests of indicators, is not indicative and in no way a guarantee of future results. Your actual trading may result in profits or losses as no trading system is, or can be, guaranteed. By using this app, you accept full responsibility for your actions, the trades taken and any profits and losses made. You also agree not to hold the developer of this app responsible for any outcome arising out of your use of this app.
AMEX:SPY
by traddictiv
4
HOW TO: Center Of Gravity OscillatorIf I could only have one indicator it would need to be versatile. It would need to able to confirm trends, highlight pivots and reversals but most of all it would need to expose epic entries. Lucky there is such an indicator... The Center of Gravity Oscillator (COG). The COG is yet another masterpiece created by John Ehlers. It is essentially zero lag and enables clear identification of turning points. This indicator is a result of Ehlers research into adaptive filters and was published in an article on page 20 of the May 2002 issue of Stocks and Commodities Magazine. According to the Tradingview docs "The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio." 1. Breakout Trading Breakout trading is one of the most popular trading strategies and rightly so, there is not much better than watching those candles fly to the moon. Trend lines and wedges can be made by connecting 2 or more pivot points (as shown above). When the oscillator crosses the trend line traders can expect “boom” like explosions in price action. Above is an example of a breakout. Below I’ve marked out some breakouts on 1 hr BTC chart. Epic breakouts can be found by drawing a trend line along major pivot points. The major pivots should be easy to spot as they stick out above and below the minor pivots. (As shown below on 1 hour chart.) There are many oscillators that can also pick up breakouts, below are some breakouts marked on the BTC 12 hour chart with my Volatility Oscillator. Smaller breakouts can be found by drawing a fan from major pivot to minor pivots. Ive marked out the most obvious breakouts on the ETH Daily chart below. Along the way I found some LSMA pumps, which leads me to the next strategy… 2. LSMA Breakouts. Least Squares Moving Average is my favourite moving average and I incorporate it in one way or another with most of my scripts. To understand a LSMA breakout have a look at the LSMA 21 line on the chart below. As the candles cross the line it breaks out. The default setting for the LSMA line on my COG indicator is 200. This is a great “zero” line and shows general trend. To catch LSMA breakouts I set the COG length to 6 and LSMA length to 6. The LSMA can also be set to 21 to find breakouts and LSMA Pumps (don’t worry, I’ll get to it soon). Easy to find sweet entries on the BTC 1 hr chart. 3. What is a LSMA pump??? This is when a LSMA line pulls back and crosses another line for just a few bars before recrossing into a boom. Ive marked out a few LSMA pumps on the chart above. I like to use COG set at length of 6 and LSMA set to 21 for trading hourly to daily charts. 4. Trading Reversal Patterns. If you are not familiar with reversal patterns such as double tops, double bottoms or head and shoulders then it would be a good idea to look into it. These are fundamentals of reading charts. The COG is great for trading these patters too. Above shows reversal patterns marked out. 5. Previous High/Low Strategy This is another chart reading fundamental. This strategy can be used to find solid long and short entries. He is an example below using no indicators. This example is a down trend that turns into an up trend. The first entry is a short found when price is unable to beat previous high. The second entry is a long. This is the confirmation of the up trend. Notice how the the low pivot point is higher than previous pivot. Next a short reveals itself again as price is unable to beat previous highs. The next long entry is made as up trend is reconfirmed by a low pivot forming higher than previous low pivot. Lastly another short as price is unable to beat previous high. Now to apply this to the COG… Above shows a nice long and short on the major pivots. The first trade is a long. As the major low pivot is made it does not break previous major pivot low and thus is a great long entry. Price then breaks out and forms a major high pivot point which does not break previous major pivot high making a great short entry. The next example shows trading on continuations of trends. A major Pivot is made. Long entries are found every time the the lows keep getting higher. Often these are LSMA pumps. Above is another example of finding solid entries. Here I have marked the entries on a 1 hour ETH chart using this strategy. It is great for swing trading. 6. Tuning your indicator. Indicator settings should depend on what timeframe and what trades you are looking for. Its always a great idea to play with the settings and get the signals as accurate as possible. COG lengths to try: 3-6, 9-14, 21-27, 50-55, 100, 200. LSMA lengths to try: 2,6,9,11,19,21,25,27,32,50,100,150,200 In the indicator settings there is an option for smoothing. I usually have this turned on. The centre of gravity oscillator is one of the most underrated indicators out. It gives solid signals and Im sure there is plenty more that I have not mentioned here. I am currently working on including all these signals into the indicator so you can set alerts or run bots. So far it looks like a Christmas tree with all those signals and needs work…. If you have any questions or ideas please drop a comment below. I am always keen to talk shop. You can find my COG indicator here: Join me on Bybit! They have the lowest fees and best servers. It’s free to join and we both get $20 if you use my referral link. partner.bybit.com Thanks for the support and happy trading!
BYBIT:BTCUSD.PEducation
by veryfid
42
The 8 Universal Rules of Successful TradingUTPs (Universal Trading Principles) are a set of trading rules you must not break. They cover entries, exits, strategies, and risk management. They form the backbone of your trading plan. Repeat these rules everyday, like a mantra, until you can recite them in your sleep. This will make you a successful trader. 1. Don't leave money on the table - I move my SLs to breakeven and lock in profits as the trade goes in my direction. The first rule of trading is to protect my trading capital. Without my capital, I am out of the game and cannot be a trader. So I do everything possible to protect it. 2. I scale in and out of trades - If my trade idea seems to work, I add to my position. If my trade doesn't work and approaches my SL, I am reducing my position. I am ALWAYS adding to working trades and NEVER to losing trades. This is how the most successful traders trade, and this is how I want to trade. 3. Final TPs - My final TP is based on horizontal S/R levels, weekly or monthly highs and lows. I confirm that markets are mostly ranging, i.e. my final TPs are always based on the normal distribution (e.g. weekly or monthly ATR). My TPs need to be REALISTIC. 4. Technicals are used only for entries and exits. The direction of the market is determined by fundamentals. I never trade against the fundamentals. 5. Position sizing - My stop-losses are always based on sound technical levels. My position size depends on the size of the stop-loss and the percentage of my trading account I want to risk on any single trade. I never risk more than 2% on a trade, and cut the risk-per-trade to 1% after a series of three losing trades. 6. Trading is a probability game - I acknowledge that successful trading is about probabilities. I don't know whether my next trade will be a winner, but I do know that I have a good chance to be in profit after the next 10 trades. 7. Trading is as simple as you make it - Fundamentals support my trades, but everything can happen (including a change of fundamentals and sentiment). Risk management prevents higher losses. There are always new opportunities. My goal isn't to be right, but to follow my UTPs. 8. Weekly journal reviews - I don't measure trading success by the profits I've made or the number of winning trades. My success is measured by how strictly I followed my UTPs. To review my trading, I am performing weekly journal reviews and try to identify any trading patterns that have a negative influence on my bottom line.
TVC:SPXEducation
by MujkanovicFX
How to see Nothing . June 3 market recap snapshot thingyNothing but homage and apologies for not saying nothing about nothing in the video. I also don't know if you can hear nothing or not so let me know in the comments. It's my first time trying trying in a while. Markets are still at ath's. So u be usa. I'm gonna say that alot. But I'm buy low sell high step one mechanics. Step two follow tastytrade. I like forex but tasty makes it make sense. It's like a cracker with fiber, gets you going, in a good way. Step three, i'm bad at things, but god bless options, you'll see. Good luck! Say something or nothing in the comments thanks. US 2000/ sm75 DXY EURUSD GBPJPY AUDCAD GOLD SILVER CL BTC DOGE
by allthemoneys
Using the Relative Strength Index (RSI)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 RSI, and how to set it properly depending on market conditions. What the numbers mean Before we discuss what to do with the information that the RSI gives us, we should learn what the numbers mean. The RSI is a line graph that moves from 0 to 100. When the RSI is 70 or over, we consider our crypto to be overbought (people bidding up the price). Then when the RSI is 30 or below, we consider our crypto to be oversold (people bidding down the price). Overbought means that the crypto might be overvalued. Oversold is the reverse. The crypto might be undervalued. The actual number is calculated using the average gain or loss over a set period of time. The default time period is 14 (minutes, hours, days, based on how the chart you are currently looking at is set). You could also set your period length to a lower number, I use 10 sometimes, so that the RSI is more sensitive to recent moves. This is good to do in markets that are highly volatile (crypto for example). The actual RSI number will increase as there are more and more positive closes within your time period, and will fall as there are more and more negative closes within your time period. As with every trading indicator, the RSI should not be used as the sole reason for a trading decision. It helps paint a picture of the market of the particular crypto you’re looking at. Nor are the default values always to be used. We’ve discussed time changes, but you could also change the upper and lower bands. In a bull market you may want to change the upper band to reflect the general trend of the market (more on that later). Trend Reversal Now, let’s about how to actually use the RSI. The first way to use it is as a way to spot a possible trend reversal. Put simply, the RSI can help us see if we have, in the last few candles, changed from an up-trend to a down-trend, or from a down-trend to an up-trend. When the RSI is below 30 and crosses up, we consider this a bullish move. When the RSI is above 70 and crosses down, we consider this a bearish move. Just to reiterate: A bullish cross up is not an automatic buy, just as a bearish cross down is not an automatic sell. As you can see below. But it is pretty accurate. Nothing in TA is 100%, but the closer you get to 100% the better trader you will be. One other thing to note based on the above picture is that there was no time that the RSI dipped below 30. In a crypto bull market (which we are currently in) it is more common to see cryptos that are overbought as opposed to oversold. You can compensate for this by changing the oversold line to 40. Additionally, as the crypto moves up in price, you can see the RSI making consistent higher lows. Divergence One thing to look for when you are trying to spot trend reversals is what is called a Bullish Divergence. This means that the price of your crypto is in a downtrend and making lower lows. At the same time, the RSI is oversold and is making higher lows. When you spot this, it can be a very powerful indicator that the trend is reversing to the upside. A bearish divergence is the same thing but in reverse. The price of the crypto is getting higher and higher while the RSI is overbought and making lower highs. RSI as a momentum indicator Another way to effectively use the RSI is by using it for its intended use as a momentum indicator. As we talked about before, the RSI rises as we have more and more positive closes in our time window. It rises more (faster) when the price movements are more extreme to the upside. The reverse is true for the downside. So, if we are oversold that means there is momentum to the upside, and if we are overbought that means there is momentum to the downside. Generally, it is better to trade with the momentum than against it. Unless we spot the reversal signals that we discussed above; crossing back down, or crossing up. It is also better to go long in bull-markets and short in bear markets when using the RSI in this way. Let’s take a look at the chart below: In a bull market the 50-60 range of the RSI acts as support and the RSI usually stays above 40. I like to set my upper band to 60 in a bull market so I can trade with the bullish momentum and spot potential reversals in the 50-60 range. As you can see it is necessary to use the RSI differently in different market conditions. Final thoughts As you can see there are different ways of successfully using the RSI. I hope I’ve made at least two of those ways clear in this beginner guide. Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more! Thanks for reading!
Education
by zsamochin
63
CAKEUSDT - How to find a good CAKE entryCAKE and pancakeswap are trending hard right now, its a great defi solution that's innovative and has triple A backing in Binance. The common thought for most is, how can I get in on that profit?! One way to do it is buy low, sell high! In order to buy low, you need a good entry, luckily, I think I've found one! In todays video I go over how I find potential entries for profitable trades and apply it to CAKEUSDT === TimeStamps === 0:00 = Welcome! 0:35 = Patterns 1:20 = Fibs 5:20 = Resistances 7:30 = Price path 11:00 = Entry 12:05 = Stop limit 12:30 = Take profit 14:45 = Fundamentals 15:15 = CoinMarketCap 17:30 = Tradingview ideas 18:50 = CoinMarketCal 19:20 = r/pancakeswap
Education
by tommytoan11
HOW TO DETECT TARGET ZONES?EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone. I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
Education
by TizTrader
Order box trading This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly 20m, then 30, and then 50. This "blurr" will form what we call the order box. Now, what happens? All of the orders will not go to reality. maybe only 70% will. Then, when the price touches this order box area, the price will bump again as a consequence of all the underlying orders. This is what you see at the "support order box". Same thing at the top. Steps to spot these: 1, find the "blurr" 2, watch for confirmation (aka = second time it touches) 3, trade the 3rd, or 2nd if u are brave, it touches this box. 4, place stop loss just above the box But what for take profit? Place it in either the other side of the box, or eventually, at 0,618 of Fibonacci. I use this to trade with the trend and not against it. Questions? Ask them in the comment area :D
Education
by Spketss
4
how to apply fibonacci fans and auto FibFans studyFibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on which a set of sequential speed resistance lines are drawn above (which represents time) and below (which represents price). These lines are drawn based on time/price percentages of the distance between the beginning and the end of the trend line. Speed resistance lines not only help to measure trend corrections but also measure the speed of a trend (the rate at which a trendline ascends or descends) Traders can use the lines of the Fibonacci Speed and Resistance Fan to predict key points of resistance or support, at which they might expect price trends to reverse. Once a trader identifies patterns within a chart, they can use those patterns to predict future price movements and future levels of support and resistance. Traders use the predictions to time their trades Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy. In any event, key support and resistance levels tend to occur frequently at the 61.8-percent level (0.618) on both uptrends and downtrends Fibonacci Speed and Resistance Fans vs. Gann Fans Gann fans are another form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of trend lines called Gann angles. Instead of relying on Fibonacci's golden ratio of 1.618, Gann believed the 45-degree angle (geometric angles of time versus price) to be most important. The Gann fan subsequently draws additional angles at 82.5, 75, 71.25, 63.75, 26.25, 18.75, 15, and 7.5 degrees. These angles are superimposed over a price chart to show potential support and resistance levels Step By Step Applying Fibonacci Speed and Resistance Fan Some interpretation examples: Example of how to identify if the move is Reversal or Retracement All the above are now available with the Auto Fibonacci Speed and Resistance Fans Study ʙʏ DGT ☼☾, LINK to Auto Fibonacci Speed and Resistance Fans Study
Education
by dgtrd
40
When Support becomes Resistance, and Resistance becomes SupportHey TradingViewers! How's it all going! I was planning my upcoming trades for this week and came across a great example of When Support becomes Resistance, and Resistance becomes Support! I'll explain why i place each of the levels, and why i place them where i do, why that's important and perhaps most importantly, how to trade it! So let's get to it. I've labelled each of the support, resistance and trend lines with a number starting 0, ending at 5. Let's begin with 0. I place line 0, simply put, where the price has not been able to push any higher. I place it above the price action, and extend right. This will be our top level resistance. Line 1 is our downward trend line. I start the line above Line 0 and draw it so that it crosses the tops of the rejected candles. I extend it down and to the right. The reason i place it across the tops of the rejected candles is because each time the price has hit this line, it's been rejected, which is a good sign you have a true resistance trend line. Line 2 is the first or our horizontal supports. i determine there is support here as price has moved significantly counter to the current trend . I begin the line near to the open or low of the candle, and extend right. Line 3 is the second of our horizontal supports, and you guessed it, it's been added because price has moved significantly counter to the current trend , and as line 2, I begin the line near to the open or low of the candle, and extend right. Line 4 is an interesting one, and something to take especial notice of. Line 4 is the first trend line which is uptrending. The reason this is important is that it could be a strong signal that a trend reversal is coming. I place the start of the line at the point, (that's right, you guessed again), where price has moved significantly counter to the current trend , and i extend right, connecting the higher lows. Line 5 is an extension of Line 3, and a great visual representation of resistance turning into support. But what are the circles? WHY ARE THERE CIRCLES? The circles are to identify (in multiple instances) where support has turned into resistance, as in Line 2 and Line 3, and resistance has turned into support, as in Line 5 and also the cross of lines 1 and 4. So i'm sure some of you are now asking: "Okay so i know how to place support, resistance and trend lines but how does that help me? Where's the profit in all of this?" Well I'm glad you asked and it's in a link in the Related Ideas below, called How to identify trades using Support and Resistance. Thank you all for your time, i hope that it's been helpful, For_The_Many
Education
by For_The_Many
7