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Indicators

The Fundamental Concepts of Technical Indicators Trading indicators are essential tools used by traders and investors to analyze price data, identify trends, and make informed decisions in financial markets. They provide valuable insights into market dynamics, helping market participants gain a competitive edge. This comprehensive explainer will delve into what trading indicators are, how they are utilized, and the differences between two prominent strategies: trend following and mean reversion. Additionally, we will explore the importance of using binary and discrete indicators together to enhance trading effectiveness. Part 1: Understanding Trading Indicators 1.1 Definition of Trading Indicators Trading indicators are mathematical calculations based on price, volume, or open interest data that provide graphical representations of market conditions. These calculations help traders visualize price trends, momentum, volatility, and potential reversals. Indicators serve as a supplementary layer of analysis, offering a structured and objective approach to interpreting market behavior. 1.2 Types of Trading Indicators Trend Indicators: Identify the direction and strength of prevailing trends, such as Moving Averages (MA), Moving Average Convergence Divergence (MACD), and Ichimoku Cloud. Oscillators: Measure overbought and oversold conditions, such as Relative Strength Index (RSI), Stochastic Oscillator, and Commodity Channel Index (CCI). Volume Indicators: Assess trading volume to confirm price movements, like On-Balance Volume (OBV) and Volume Weighted Average Price (VWAP). Volatility Indicators: Gauge the level of price fluctuations, including Bollinger Bands and Average True Range (ATR). Part 2: Utilizing Trading Indicators 2.1 Trend Following Strategy Trend following is a popular trading strategy that capitalizes on the continuation of established trends. Traders using this approach seek to identify uptrends or downtrends and ride them for extended periods. Trend following indicators are ideally suited for identifying the direction of a trend and capturing profits during strong market movements. Example of Trend Following Indicator: Fourier Smoothed Stochastic (FSTOCH) (Indicators like the FSTOCH help traders reveal underlying trends in the market) The Fourier Smoothed Stochastic is an advanced tool that utilizes the Stochastic Oscillator in combination with Fourier Transform analysis to identify and ride prevailing trends. By providing smoother signals, it helps traders stay on course with the established trend, allowing for more accurate entries and exits. Its ability to filter out market noise makes it an ideal choice for trend followers seeking a clearer view of market momentum, enabling them to capitalize on prolonged price movements. 2.2 Mean Reversion Strategy Mean reversion is a counter-trend strategy that assumes prices will revert to their average or mean over time. Traders using this approach aim to profit from price reversals when an asset's price deviates significantly from its historical average. Mean reversion indicators are ideal for identifying overbought and oversold conditions and anticipating potential reversals. Example of Mean Reversion Indicator: Bollinger Bands Percentile (BBPct) (The BBPct indicator marks out price extremes which may lead to potential reversals) The BBPct (Bollinger Bands Percent) is an indicator designed for mean reversion trading strategies. It utilizes Bollinger Bands to determine overbought and oversold conditions in the market. The indicator calculates the percentage of the current price's position within the Bollinger Bands' upper and lower boundaries. When the price is near the upper band, it suggests an overbought condition, indicating a potential mean reversion towards the lower band. Conversely, when the price is close to the lower band, it indicates an oversold condition, suggesting a possible mean reversion towards the upper band. Traders can use this information to identify potential reversal points and make informed decisions to capture price movements back towards the mean. Part 3: Trend Following vs. Mean Reversion 3.1 Key Differences Direction: Trend following aims to identify and ride established trends, while mean reversion seeks to capitalize on price reversals. Risk Profile: Trend following strategies typically involve higher risk, as traders enter positions in the direction of the trend, which may be challenging to time accurately. Mean reversion strategies are often considered less risky as traders expect price reversals to occur relatively soon after significant deviations from the mean. Market Conditions: Trend following tends to perform well in trending markets, while mean reversion thrives in ranging or sideways markets. 3.2 Combining Trend Following and Mean Reversion While trend following and mean reversion strategies have distinct approaches, they can complement each other when used in confluence. Combining both strategies can provide a more comprehensive view of the market and reduce reliance on a single indicator. For example: Confirming Trend Reversals: Mean reversion indicators can be used to confirm potential trend reversals identified by trend-following indicators, increasing the probability of successful entries and exits. Managing Risk: Trend following indicators can help traders stay in trends longer and avoid premature exits when using mean reversion strategies. Identifying Range-Bound Markets: Mean reversion strategies can be employed during periods of low volatility or when the market lacks a clear trend, while trend following indicators can be set aside until a new trend emerges. Part 4: Binary and Discrete Indicators 4.1 Binary Indicators (The Super Schaff gives out binary signals when it detects a potential change in trend) Binary indicators provide straightforward, yes-or-no signals, indicating the presence or absence of a particular condition. Examples include Moving Average Crossovers and Super Schaff, which produce buy (long) or sell (short) signals when specific conditions are met. 4.2 Discrete Indicators (The Volume-Trend Sentiment displays the overall implied sentiment based on volume and price action) Discrete indicators generate signals based on a range of values or levels. These indicators offer more nuanced insights into market conditions, allowing traders to interpret the strength or weakness of signals. Examples include RSI and VTS. Part 5: The Importance of Using Both 5.1 Diverse Perspectives Combining binary and discrete indicators provides traders with diverse perspectives on market conditions. Binary indicators offer clear entry and exit signals, while discrete indicators offer a finer understanding of price trends and potential turning points. 5.2 Enhanced Decision-Making Using both types of indicators helps traders make more informed and confident decisions. By cross-referencing binary and discrete signals, traders can filter out false signals and identify high-probability trading opportunities. Conclusion: Trading indicators play a vital role in modern financial markets, providing traders and investors with valuable insights into price trends, momentum, and market conditions. Trend following and mean reversion strategies offer distinct approaches to trading, each with its unique advantages and risk profiles. However, combining these strategies and utilizing both binary and discrete indicators can provide a comprehensive and powerful toolkit for traders seeking consistent success in the dynamic world of finance. Check out the indicators mentioned in this post:

Education

by AutomatedTradingAlgorithms

HOW TO START BUILDING A STRATEGY?As it is said, A strategy is a reflection of a trader’s character . Whatever sentiments/emotions you have, reflect in your trading decisions. At first, people think that, ‘I will use xyz indicator and buy here and sell there’, thinking it’s easy to have a method that is simple. But when reality hits, all the simplicity runs out of the window with your money. Trading is not for those who take it lightly. You have to respect the market before coming up with a strategy that suits your personality/mindset/character. One might ask, what does personality have to do with trading? And that’s where all the secrets are. Newbie traders often run after YouTube channels, Twitter handles of some high MTM traders and try to copy them. They keep hopping from one setup to another. Because in the beginning, traders do not have the knowledge of risk management, importance of back testing etc. You should test your strategy for at least 100 trades before scrapping it. And that’s where they lack. But in my experience, you may learn the method from another trader but you cannot learn the mindset . You have to develop that on your own. There are certain ways of self-assessment when it comes to finding the right approach towards trading. Just because some day trader is making a killing in the market every day, doesn’t mean you can replicate the same performance too. You might be well suited for positional/swing trading. Just like that if someone is better in swing trading, you may be crafted for long term investing if not that even for scalping. There is a vast array of segments to choose from. From intraday to swing and scalping to options writing. You can decide any segment as per your patience level. The only goal should be to make money. You are not here to be right or wrong. You are here to make a living. Choosing a trading style is completely based on your patience level. If you are a patient trader then you can go for short to long term trading. Find the good setups, take the trade and sit tight. Your actions should be either target or stop loss. You can manage the trade as per your style e.g. , pyramiding or averaging. If you are an adrenaline junkie, then intraday, scalping & F&O trading is your cup of tea. But remember that the lesser the trade duration, more the chances of losses . Because these segments are much more risky than those of others. You need the skill of a sniper & the eye of an eagle to execute such trades and come out of it profitably. Now the question is how to decide? There are some ways you can shorten the learning curve, some of them are as follow… 1.Mentor👨‍🏫: Mentor is the person who is willing to share his experience to those who seek to shorten the learning curve. Warren Buffet had Benjamin Graham, Rakesh Jhunjhunwala had Radhakishan Damani . Everyone needs a mentor, be it in the form of books or a person . Learning what not to do is more important than learning what to do? And that is the biggest lesson I’ve learned from my mentors . A mentor teaches you that in the most practical ways by showing some real-life examples. He will also tell you when to trade and when not to. Because compulsive trading is one of the major reasons why traders lose big. So, finding a good mentor should be your priority. 2.Self-Learning🎓✍️: There are some successful self-made traders who learned from trial and error. But you need to check the time they took to be successful. It’s not impossible but it’s time consuming. Also, you need to have lots of patience and money as well. Because self-learning is like flying a plane by reading manuals. You have to do all the work from developing a strategy to back testing it and it's too lengthy process to start with. You can self-learn trading, but be ready to give it time. 3.Books📚: Aahh books… the first love of any trader. For me it still is. I read as much as possible. The very foundation of my trading journey is based on reading. I read many books in my initial days. Some of them still help me today. But textbook knowledge is not sufficient in real time trading . You can learn patterns such as triangle, channel, cup and handle and head and shoulders. But textbook patterns are so rare that it’s exhausting to spot them on charts let alone trade them, unless you have a knack for them. It’s a good start but not the best process. Above information should give you some perspective on how to approach the market and build your strategy. Strategy doesn’t just mean a trading setup (Entry & Exit). It includes everything from trade setup to your mindset. Find the best possible way, stick to it and follow the path. Eventually you will reach the destination. Keep learning, keep growing…!! 💗✨ Support TradingView✌️

Education

by khushaljain023

Educational: Tuning Indicators to Optimize Performance 📊 Introduction Technical analysis is a fundamental part of any trader's toolset since it offers insightful information about market activity and potential price moves. The foundation of this research is made up of indicators including Moving Averages (MAs), Relative Strength Index (RSI), Bollinger Bands, and MACD. However, using these indicators' default values without adjusting them can frequently lead to subpar performance. This publication aims to clarify the benefits of modifying indicator values as well as how to do it efficiently. 📊 Chapter 1: Understanding Trading Indicators 🔹 1.1 What are Indicators? Traders who utilize technical analysis employ indicators, which are mathematical computations based on the price, volume, or open interest of a security or contract. They are instruments that offer quantitative information on market patterns and can be used to predict prospective price changes. 🔹1.2 Types of Indicators There are two primary types of indicators: leading and lagging. Leading indicators aim to predict price movements before they occur, while lagging indicators confirm trends that are already underway. The choice between these types should be dictated by the trader's strategy and goals. Chapter 2: The Case for Adjusting Indicator Values 🔹 2.1 One-Size-Doesn't-Fit-All When you first use an indicator, its values are frequently set by default to standard values. These defaults might not be appropriate for all markets or trading philosophies, though. You can get more precise signals by modifying them to better reflect the unique dynamics of your trading market. 🔹2.2 Changing Market Conditions Market conditions fluctuate over time. Volatility, trading volume, and other factors change, and these variations can impact the effectiveness of indicators. Regularly adjusting your indicators can help you adapt to these changes. 🔹2.3 Optimizing for Your Trading Style Different traders employ various trading strategies. Different types of data are needed by swing traders, day traders, and long-term investors. You can fine-tune your indicators to fit your own trading strategy and timeframe by making adjustments to them. 📊 Chapter 3: Adjusting Common Indicators 🔹3.1 Moving Averages (MAs) The Moving Average is a trend-following or lagging indicator because it is based on past prices. The two main types are the simple moving average (SMA) and the exponential moving average (EMA). Typically, the default value for MAs is set at 50 days for the short-term trend and 200 days for the long-term. However, if you're a day trader, you might want to adjust this to reflect the shorter time frames you're working within, such as 10 or 20 periods. 🔹3.2 Relative Strength Index (RSI) The momentum oscillator known as the RSI gauges how quickly and dramatically prices move. It typically has a period setting of 14, however it can be changed to sharpen detection or lessen spurious signals. Setting it to a shorter time, such as 7, would suit your preference for more frequent trading. On the other hand, a longer time, like 21, would be acceptable for less frequent trading. 🔹3.3 Bollinger Bands The overbought or oversold price levels and volatility are recognized by Bollinger Bands. Usually, a 20-day simple moving average with a 2 standard deviation is used as the default setting. You might want to alter the number of standard deviations or increase the number of periods if the market gets more volatile. 🔹3.4 MACD (Moving Average Convergence Divergence) The relationship between two moving averages of the price of an asset is displayed by the trend-following momentum indicator known as MACD. The difference between the 12 and 26-period EMAs serves as the default preset for MACD. This can be altered, though, to accommodate various market circumstances or specific trading philosophies. 📊 Chapter 4: Fine-tuning Indicators Backtesting your altered settings against prior data allows you to fine-tune your indicators and see how they would have performed. Remember that this process necessitates perseverance, diligence, and a willingness to take lessons from both successes and failures. 📊Conclusion Keep in mind that there is no "holy grail" or universally applicable trading approach. Long-term market success requires constant indicator adjustment to reflect shifting market conditions and your trading style. You stand to gain most from your trading endeavors the more you comprehend your tools and how to customize them to your demands.

Education

by ChristopherDownie

Indicators that can identify trends: MS-Signal indicator Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT chart) The composition of the chart consists of price and volume. Therefore, chart analysis can be interpreted differently depending on how you interpret price and volume. First of all, if you look at the price part, you can see that the trend and various indicators were created based on price candles and moving averages. Therefore, it will be difficult to interpret the chart as the concept of the arrangement of the candles and the price moving average is not established. The array of price candles, that is, the high and low points formed by connecting the candles, draws each trend line to check which direction the current price movement is moving. However, it is necessary to be careful because it is difficult to find the highs and lows of a low time frame chart, so it is possible to draw an incorrect trend line. A false trend line means that you drew a trend line, but did nothing with it. The more false trend lines you have, the less information you can get from chart analysis, and the trading strategy created with such reduced information loses its usefulness, so you need a solid basis even when drawing a trend line. With a firm basis on how to draw a trend line, we will have time to explain in detail later on how to draw it. The MS-Signal indicator shown in this chart is an indicator that can confirm the trend by using the formula of the MACD indicator. Therefore, it is necessary to become familiar with the interpretation method using MS-Signal indicators before practicing drawing trend lines. The MS-Signal indicator utilizes the formula of the MACD indicator. If you look at the formula of the MACD indicator, you can see that it was created using a moving average. Therefore, if you understand the concept of moving averages, I think you will have no difficulty in using the MACD indicator. MS-Signal indicator consists of M-Signal indicator and S-Signal indicator. Therefore, an arrangement of M-Signal indicator > S-Signal indicator means that it is in an uptrend. During this uptrend, if the price candle holds the price above the MS-Signal indicator, it means that the uptrend is likely. We have also explained indicators that use volume to mark support and resistance points. That index is the OBV index included in the HA-MS index. The OBV indicator is an indicator that shows the change in trading volume due to price fluctuations, and the key point of the OBV indicator is 0. Interpretation of trading volume can be difficult to understand, so we will take time to explain in detail when the explanation of the price chart part is being finalized. In this chart, the 'Vol & Trend' sub-indicator includes indicators that utilize trading volume. What I want to explain this time is about the MS-Signal indicator explained above. Since the MS-Signal indicator is published in the trading view formula, you can look it up if you want to know the formula. (HA-MS indicator) MS-Signal indicators are composed of M-Signal indicators and S-Signal indicators. Among these two indicators, the key indicator is the M-Signal indicator. Therefore, it is designed to display M-Signal indicators of 1M, 1W, and 1D charts separately. Utilizing these indicators, it plays a role in showing the overall trend of the price chart immediately even if it is below the 1D chart. (4h chart) The 4h chart above is a chart set to display only the M-Signal indicators of the 1D, 1W, and 1M charts. If the M-Signal indicators form a regular arrangement (1D > 1W > 1M), you can see that there is an upward trend from a long-term perspective, just by looking at the 4h chart. These marks can reduce the time it takes to analyze a chart because it can shorten the viewing time when viewing multiple charts. It also reduces the chance of getting caught in a whipsaw by price fluctuations. Chart analysis is just analysis, you need a trading strategy to trade. Chart analysis should focus on finding support and resistance, as it is possible to find support and resistance points by analyzing the shape of the chart in order to create a trading strategy. As mentioned above, all you need for chart analysis is the shape of the candlestick and the concept of the moving average line. Therefore, if this concept is in place, all the indicators shown in this chart are unnecessary. However, chart analysis can take a long time, and it is recommended to use indicators that are basically reliable even in order to reduce psychological agitation caused by whipsaw-like volatility. Descriptions of the MS-Signal indicator have been published several times. Therefore, after candlesticks and moving averages, the indicator that must be familiar to the eye is the MS-Signal indicator. This is because I think there is no better indicator than the MS-Signal indicator to find out the trend of the chart. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------

Education

📈Golden Cross and Death Cross: Decoding Forex Trading Signals📉 ✅When it comes to analyzing the Forex market, traders often rely on various indicators and patterns to make informed decisions. Two popular patterns that can provide valuable insights are the golden cross and death cross. In this article, we will explore what these terms mean, how they can be identified, and how traders can use them to their advantage. ✅Golden Cross: The golden cross is a bullish signal that indicates a potential uptrend in the market. It occurs when the shorter-term moving average, typically the 50-day moving average, crosses above the longer-term moving average, usually the 200-day moving average. This crossover suggests that the price is gaining momentum and that buyers are becoming more active. Traders often interpret the golden cross as a confirmation of a strong market sentiment, leading them to open long positions or increase their current holdings. It is seen as a positive sign as it suggests that a positive trend is likely to continue. ✅Death Cross: On the other hand, the death cross is a bearish signal indicating a possible downtrend. It occurs when the shorter-term moving average crosses below the longer-term moving average. Similar to the golden cross, the death cross is typically identified using the 50-day and 200-day moving averages. The death cross can be interpreted as a confirmation of a negative market sentiment with increased selling pressure. Traders may consider opening short positions or reducing their existing long positions in anticipation of a downward trend. ✅Using Golden Cross and Death Cross in Forex Trading: While the golden cross and death cross patterns can provide valuable insights, traders should not solely rely on them for making trading decisions. It is important to consider other indicators, fundamental analysis, and overall market conditions. 🟢Confirmation: Traders should look for additional confirmation, such as increased trading volume or other technical indicators aligning with the signal, before entering a trade. 🟢Timeframes: Different timeframes (hourly, daily, weekly, etc.) can produce different crossing signals. Traders should select the timeframe that suits their trading strategy and goals. 🟢False Signals: It is crucial to acknowledge that golden cross and death cross signals are not foolproof. In certain market conditions, they may generate false signals, leading to incorrect trading decisions. Thus, it is advisable to use them in conjunction with other technical analysis tools. ✅The golden cross and death cross are popular patterns used in Forex trading to identify potential bullish and bearish market conditions, respectively. These signals provide traders with valuable information about market sentiment, allowing them to make more informed trading decisions. However, it is important to use these patterns in conjunction with other indicators and analyses to increase the probability of success. Remember, understanding these patterns is just the beginning of the trading journey – continuous learning and adaptation are key to becoming a successful trader. I hope this post was helpful to some of our beginner traders😊 Dear followers, let me know, what topic interests you for new educational posts?

Education

by SignalProvider

3 Key Entry Rules to Boost Your Trading Performance Today I want to share with you this topic: the 3 Entry Rules to Boost Your Trading Performance. Over the 20,000 traders that we have coached over the time via conferences and talks we’ve done all over the world, we have found one of the challenges that traders have is that they find themselves locked into a trade and then being stopped out when they enter into trade. So their entries are not really optimized or they are not getting the right timing for their entries. Sometimes they come during a coaching session; they say ‘Thiru, I need some help with my entry.’ So this topic, the 3 Entry Rules, can actually help you optimize your entry and overall improve your strategy performance. This is what we’re going to be looking at today in this video. The first one is what we call “ Time Frame Correlation ,” the short form abbreviation TFC. In TFC one thing you do have to remember when you’re correlating the different time frames is that you’ve got to remember three times. Some of you may be wondering ‘What do you mean by three times?’ What I mean is that for example if you are an intra-day trader trading on a shorter time frame, like a one hour time frame, then you need to be looking at three time frames at least altogether, so the one hour and each of the time frames has to be three times the one that you are trading on, three times or four times. Now let me explain by way of an example: If you are trading on a one hour time frame, then we are looking at maybe three to four hours (1 x 4 = 4 hours) and then after that, you want four times that, approximately that is a daily time frame, 16 hours is a daily time frame. What we’re looking at is to correlate the times frames before we take the trade. We are usually looking at three time frames and each time frame is three times each other. For example, if you are an end of day trader and you want to enter your position onto a four hour time frame then you can start to look at daily time frame and then three to four times that would be a weekly time frame as well that you’re looking at. Let me explain why this is important. For example, imagine this – you would have probably experienced this – in a one hour time frame it looks like it’s going down and you are thinking it is looking like a very good short sell as the direction is going further down. You put your entry over here and let’s say you put your stop loss over here and you’re good to go. Let’s say your target is somewhere around there. In the next hour the trade then triggers you in and starts to go towards your target, everything is well and rosy. You are happy, you’re in profit and you are thinking ‘it is only a matter of time before I reach my target.’ Then what happens? You know the usual thing, you would have experienced it if you have traded or if you are trading at the moment as well, it will start to reverse and where your stop loss is – let’s say other traders have their stop loss here as well – suddenly the market reverses and shoots up and takes up all the stops. I’m sure you have experienced this. Now why does that happen? It is because, if you imagine this is the one hour time frame, if you didn’t correlate between the other time frames – the four hour and the daily time frame – and let’s say the four hour and the daily time frame are in an up-trend, if that is the case, then what happens is that the orders that are inside the daily time frame are being filled by the brokers and therefore the market is reversing to fill them up on a higher time frame. This is what is happening and this is why sometimes you get these sharp reversal moves in the market. It is very critical that you correlate the time frames before you start to take your position on the one hour time frame. In fact, in the last live trading we did where we were teaching a strategy that we called “stops to cash,” what we usually do is we take contrarian move on a one hour time frame where it looks like a perfect short, where beginners and even intermediates are getting into short position, but we are looking at a contrarian position in terms of the one hour time frame but when you align it to the higher time frames, it’s just in line with the trend. That’s all we’re doing here. What we’re saying is when everybody’s stops are being taken out, we are actually converting it to cash according to this time frame correlation. I believe that concept is well clear and nice now. Definitely do consider putting that into your entry rules. The second entry rule we’re looking at is “ Indicators .” This is quite a critical one that you can put into your entry rules also to optimize your strategy performance. In terms of indicators, the usual common ones that we are looking at are Stochastic, RSI and for example CCI as well. These are familiar names, you have all heard of them. There are thousands of indicators, but the important thing is don’t just pick an indicator and just slam it onto the screen, but ask yourself what are you looking to achieve, what is the objective of your strategy? Then pick and choose your tools. For example, let’s say you’re driving your car and it starts to break down, you can’t just choose any old hammer or spanner. You have to analyze the problem first before choosing the tool that you want to use to repair the mistake or the fault on the car. It is the same thing here, as we are looking to optimize our strategy, we have to ask ourselves what is going to be the most efficient indicator to help me optimize my strategy performance and towards what objective? That is how you actually choose the indicator that you want to have on the screen in your strategy. The last one we are looking at is “ Price Action .” Price Action is very critical because most of our strategies use price action. It is the fastest of them all. Some things the price won’t be able to tell you and that’s when we use indicators because it involves a lot of calculations. With price actions you notice some really powerful bar patterns that give you an edge in the market and then using all these three factors together that can give you a very strong edge against all the other 99% traders. For example, price action patterns can start to look like the low test bar starts to come up over here and it’s starting to show a reversal pattern. Or even things on a daily time frame where we are looking at something like a down trend and it is starting to reverse – all those critical price action patterns that can give you and edge. So these three rules that’s I’ve just gone through with you right now can be so important to improving your whole strategy and your trading performance. On a final note, what I want you to remember is that just using them by themselves is not enough as Traders. But using them in a cumulative manner strengthens your edge so strongly in the market and also optimizes and maximizes your trading performance for consistent profits. I believe this has been very useful for you all and as we always say, til the next time stay disciplined, follow your trading plan and keep Trading like a Maste r.

Education

by masterthemarkets2010

Key Interpretation Methods of CCI Indicators Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The CCI indicator, which is included in the 'Strength' indicator, now displays only the oversold or overbought zones. Accordingly, it seems that there will be difficulties in understanding the indicators, so we took the time to give reinforcement explanations. The CCI setting I use is 150. Accordingly, it is utilized to see the flow of the mid-term and above. The basic source value of CCI is (high + low + close) / 3. Accordingly, we added the 150 SMA line and the CCI indicator as a secondary indicator. If it rises a lot from the 150 SMA line, the CCI value rises above +100. When it rises above +100, it is interpreted as entering the overbought zone. Entering the overbought zone like this means that there is a possibility that it will exit the overbought zone in the near future. However, while it is in the overbought zone, it also means that the force to rise is just as strong. Accordingly, it is the basis for conducting transactions by identifying support and resistance points or sections. Conversely, if the price drops a lot from the 150 SMA line, the CCI value will fall below -100. Similarly at this time, when the CCI breaks out of the oversold zone, it enters the sideways zone, providing a basis for trading. When the CCI is between -100 and +100, prices move sideways. It is not easy to analyze with only the CCI indicator when it is in the sideways section with the CCI indicator. Therefore, with the CCI indicator, it is recommended to find the basis for trading when entering and exiting the overbought section (CCI +100) and oversold section (CCI -100). Since you can check the overbought and oversold sections of the Bollinger bands and CCI shown in this price chart, I think it is a good idea to use it together with the Bollinger bands. It is quite difficult to create a trading strategy based solely on indicators like these. Therefore, it is important to create a trading strategy by making sure to set support and resistance points on the price chart and see if the indicators are supported or resisted at those support and resistance points or intervals. The setting value of Bollinger Bands used in this chart is 60. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------

Education

Updated

✨ P2P INDi [PRO] ✨ TUTORIAL ✨1. Go to the 1D time frame 2. Open chart drop down menu and select Point and Figure* *Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above 3. Click on the SETTINGS wheel on the P2P INDi 4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS 5. Click the INPUT tab 5. PIVOT PRICES (a) Identify price(s) nearest the Pivot High (PH) and the Pivot Low (PL) (b) Place those coordinates in the corresponding input box (c) Click OK (at the bottom right) 6. On the Tool Panel (to the left), identify Magnet Mode and turn it on (weak or strong) 7. PIVOT PLACEMENT (a) Drag the Pivot High line of P2P INDi and snap it on the corresponding X (b) Do the same for the Pivot Low line and snap it on the corresponding O 8. ANNOTATING TREND (a) Identify the trend shown on the Heads Up Display (top right-hand corner) (b) If the DOWNTREND (red) is displayed, remove all three Buy Order TPs (c) If the UPTREND (green) is displayed, remove all three Sell Order TPs 9. SET YOUR POSITIONS (a) Place Buy and/or Sell Orders at 2%-3% or less of your Net Asset Value (NAV) (b) If shaving, take 25% profit at the first two Take Profit (TP) prices. (c) Stop Losses should be equal to or beyond the PH and PL lines (d) If stop loss is greater than your risk tolerance: — lower your position size or — tighten your stop loss by bringing it closer to your entry DISCLAIMER: Please notice that we do not provide financial advice — our website, indicators, strategies, signals, and mentorship courses are all intended only to provide a community of support to anyone interested in improving their trading skills. Fx'tive HNW $olutions, Inc. is a California corporation that publishes products and services for developing trading indicators and strategies on demand, renting and selling proprietary indicators and systems, training, and coaching exclusively intended for Daily₿read Subscribers ONLY. 1. INTELLECTUAL PROPERTY The proprietary indicators, strategies, and content developed by the T.E.A.M. (FRIDAY, P2P INDi, P2P INDi, TEMASHA, The Library, Specialty Lesson, and other utility scripts or educational information), the object of intellectual property rights are and remain the exclusive property of Fx'tive HNW $olutions, Inc., at the exclusion of images and videos and texts free of rights or provided by Fx'tive HNW $olutions, Inc. or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification, or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of Fx'tive HNW $olutions, Inc. 2. RESPONSIBILITIES You declare to know the principles and risks of the financial markets. Therefore, you swear that you know the financial risks involved in trading. In this sense, the directors, employees, stakeholders, and partners of Fx'tive HNW $olutions, Inc. can not be held responsible for errors, omissions, inappropriate investments, technical problems, events beyond our control, and, more generally, financial losses that you may realize, or results obtained in the practice of trading resulting from the services or products it markets. 3. RISK WARNING Trading involves a high level of financial risk and may not be appropriate because you may experience losses greater than your deposit. In addition, leverage can be against you. Do not trade with capital that you can not afford to lose. You must know and understand all the risks associated with the market and trading. We can not be held responsible for any loss you incur.

Education

19:55

by ProfessorCEWard

Updated

Ninja Talks EP 15: Indicators Vs Naked ( Warning - May cause offense and distress) It's a tale as old as the markets themselves - to use indicators or to not use indicators, that is the question. And to bring the answers you so desire it's none other than yours unruly - me, Ninja Nick! So buckle up because my way is totally biased, based, unapologetic and of course 100% correct forever and always. Now on with the show... I'd like to take this opportunity to apologize to absolutely nobody! The pure price action specialist does whatever the fook he wants. I hope that answers the question of what side I'm on - for those that didn't get the Conor McGregor reference, I'm against trading indicators - with one caveat... * ...I understand that people can make them work, I'm not saying they're useless, but for me in my over 10 years of experience I'm yet to see one that jumps out at me like a supermodel in the street. So with that said, here are some reasons I personally loathe, hate and despise (most) trading indicators: (1) They're BS marketing techniques - case in point, the founder of the MACD said he gave it an acronym name because acronym products create more mystery and sell better. And he's not wrong, but still, BS marketing technique. (2) Too many variables to take into consideration before placing a trade and for someone that practices KISS (Keep it Simple Stupid) I find it's complexity more offensive than putting ketchup on a steak. (3) Your charts look like an A.I rendition of a Pablo Picasso painting, so for that brilliant reason I'm out. (4) The data is lagging - we already get the milk skimmed off out Tea by complex algorithms so why would I outsource my decision making further to baby Terminator? Not on my watch - I won't be back. (5) I love pure price action and I don't know why, I've tried everything over my vast learning curve from financial filings, indicators, depth of market trading, algorithms, you name it I've fumbled with it and I can confidently say without a shadow of a doubt that my genius would be nothing without a pure virgin chart as my canvas. So that's all for this episode, if you liked this then follow and drop a like for the algo (the good kind). And always remember, keep your blades sharp Ninja! Nick

Education

by NinjaTradingServices

Manage Input variables with Pine Script v5 Welcome to this new tutorial that helps traders and investors better understand the powerful Pine Script programming language v5. In this tutorial, we will program together three Input variables: Color type Input: a color input is a parameter that allows specifying a custom color for the indicator or script. It can be used to set the color of lines, areas, texts, or other graphical components in the indicator. Float type Input: a float input is a parameter that allows specifying a floating-point numerical value for the indicator or script. It can be used to set parameters such as threshold levels, indicator sizes, or any other numerical value that requires decimal precision. Integer type Input: an integer input is a parameter that allows specifying an integer numerical value for the indicator or script. It can be used to set parameters such as moving average periods, length of a time interval, or any other integer numerical value. IMPORTANT: The code used in this tutorial has been created purely for educational purposes. Our indicator is a simple indicator that plots the close data of the underlying asset on the chart in a weighted manner. The displayed data is the sum of the close price plus 20%. The goal of the indicator is to provide a fully dynamic tool that can vary its parameters from the user interface and update automatically. Here is the complete code for this tutorial: //@version=5 indicator("Input Tutorial", overlay = false) pond = input.float(defval = 0.20, title = "Float", minval = 0.10, maxval = 1, step = 0.10) color_indicator = input.color(defval = color.red, title = "Color") data = close + (close * pond) linewidth_feature = input.int(defval = 1, title = "Integer", minval = 1, maxval = 10, step = 1) plot(close, color = color_indicator, linewidth = linewidth_feature) //@version=5 Indicates the version of the Pine Script language used in the code. indicator("Input Tutorial", overlay = false) Set the name of the indicator as "Input Tutorial", and overlay=false indicates that the indicator should not overlap the main chart. pond = input.float(defval = 0.20, title = "Float", minval = 0.10, maxval = 1, step = 0.10) Create a float input called "pond" with a default value of 0.20. The input title is "Float", and the minimum value is 0.10, the maximum value is 1, and the step is 0.10. color_indicator = input.color(defval = color.red, title = "Color") Create a color input called "color_indicator" with a default value of red color. The input title is "Color". data = close + (close * pond) Calculate a new value "data" by adding the closing price value with the closing price multiplied by the "pond" input. linewidth_feature = input.int(defval = 1, title = "Integer", minval = 1, maxval = 10, step = 1) Create an integer input called "linewidth_feature" with a default value of 1. The input title is "Integer", and the minimum value is 1, the maximum value is 10, and the step is 1. plot(close, color = color_indicator, linewidth = linewidth_feature) Plot the chart of the closing value with the color specified by the "color_indicator" input and the line width specified by the "linewidth_feature" input.

Education

by thequantscience

Next Steps: Introduction to Pine Script Welcome back, traders! In our previous video, we took our first steps into Pine Script™ and learned about creating indicators. Today, we're going to dive deeper into the Pine Script™ landscape and provide some valuable pointers to guide you on your journey of mastering Pine Script™. So let's get started! The first important distinction we need to make is between "indicators" and "strategies" in Pine Script™. Indicators are primarily used for calculations and displaying information on charts. They are lightweight and don't require the broker emulator, making them faster to execute. You can use indicators to analyze market data and generate visual representations of technical analysis tools, such as moving averages, oscillators, and custom calculations. Indicators are a great choice when you don't need to backtest your strategies. On the other hand, strategies are used for backtesting and forward testing. They include trade order functionality and can simulate trade executions. With strategies, you can define entry and exit conditions, apply risk management rules, and evaluate the performance of your trading ideas. Strategies provide detailed backtest results in the "Strategy Tester" tab, located next to the "Pine Script™ Editor" tab. They allow you to assess the historical performance of your trading strategy before deploying it in live markets. Now, let's talk about how scripts are executed in Pine Script™. Unlike traditional programming languages, Pine Script™ runs in a loop-like fashion, executing once on each bar of the chart from left to right. Historical bars refer to those that have already closed when the script executes on them, while the last bar, known as the realtime bar, remains open. The script then executes whenever a price or volume change is detected and once again when the realtime bar closes. This execution model enables real-time monitoring of market conditions and the opportunity to react to price and volume movements. It's important to note that the script doesn't recalculate on historical bars during realtime execution. This optimization improves efficiency by avoiding unnecessary calculations on past data that have already been processed. Pine Script™ provides this performance enhancement by storing the calculated values of historical bars, allowing the script to focus on updating the current and future bars efficiently. In Pine Script™, a fundamental concept is the time series. Time series are data structures that hold values for each bar the script executes on. They continuously expand as the script progresses through more bars. By using the history-referencing operator, which is denoted by square brackets , you can access past values of a time series. For example, close refers to the close value on the preceding bar, close refers to the close value two bars ago, and so on. This powerful feature allows you to incorporate historical data into your calculations and create complex trading algorithms. It's crucial to understand the time series and how they differ from traditional arrays. While the indexing mechanism may resemble arrays, thinking in terms of arrays can be detrimental to understanding this key Pine Script™ concept. Time series in Pine Script™ expand dynamically with each bar, and their values are automatically updated as new data becomes available. This dynamic nature enables you to create adaptive and responsive trading strategies that take into account changing market conditions. Moving on, let's discuss script publishing. TradingView is a vibrant community of Pine Script™ programmers and traders from around the world. Once you become proficient in Pine Script™, you have the option to share your scripts with others. Before publishing, ensure your scripts are original and well-documented. All publicly published scripts undergo analysis by TradingView's moderators and must comply with Script Publishing Rules. These rules maintain the quality and integrity of the scripts available on the platform. If you prefer to use your Pine scripts for personal use, you can simply write them in the Pine Script™ Editor and add them to your charts without publishing them. However, if you want to share your scripts with a select group of individuals, you can publish them privately and provide your friends with the browser link to your private publication. This way, you can collaborate with others and receive valuable feedback on your scripts. To navigate the Pine Script™ documentation effectively, it's essential to spend time exploring the available resources. Our main documentation sources are the Pine Script™ v5 User Manual and the Pine Script™ v5 Reference Manual. The User Manual provides comprehensive explanations and examples to help you grasp the fundamentals of Pine Script™. The Reference Manual serves as a detailed reference guide, documenting the functions, variables, and keywords available in Pine Script™. It's a valuable tool for every Pine Script™ programmer and is essential for writing scripts of reasonable complexity. Remember to consult the documentation corresponding to the version of Pine Script™ you are working with. It's crucial to stay up to date with the latest advancements and improvements in Pine Script™ by regularly checking the Release Notes. That wraps up our introduction to Pine Script™ and its landscape. We hope you found these insights helpful in your journey to become a proficient Pine Script™ programmer and trader. Remember to practice, explore, and experiment with the concepts we discussed today. By combining time series with the built-in functions designed to handle them efficiently, you'll be amazed at what you can accomplish with just a few lines of Pine Script™ code. Thank you for joining us today, and we wish you success in mastering Pine Script™ and achieving your trading goals!

Education

09:12

by FadingExtremes

First Steps: Introduction to Pine Script Welcome back, fellow traders, to another exciting episode of our Pine Script™ journey! In our previous video, we explored how to use existing scripts and indicators on TradingView. Today, we'll take the next step and dive into the fascinating world of reading and writing Pine Script™. In this episode, we'll focus on the fundamental aspects of reading Pine Script™ code and understanding its structure. By studying the code written by talented programmers, we can gain valuable insights and improve our own understanding of the language. Reading code written by proficient programmers is the most effective way to enhance your knowledge of any programming language, and Pine Script™ is no exception. Luckily, there are numerous reliable sources for high-quality code on TradingView. To start, you can explore the built-in indicators provided by TradingView. These indicators serve as excellent examples of well-written code. Simply load an indicator on your chart and hover over its name to access the "Source code" icon. Clicking on this icon will open the Pine Script™ Editor, where you can view the indicator's code. The Pine Script™ Editor allows you to explore and modify the code. If you want to experiment with a specific indicator, you can make a copy of the code by selecting "Make a copy" from the "More" menu. This way, you can freely modify and save your changes without affecting the original indicator. Another fantastic resource for reading code is the vast collection of Community Scripts on TradingView. These scripts, created by talented traders and programmers like yourself, offer a wealth of inspiration and knowledge. When browsing through Community Scripts, look for scripts without a gray or red "lock" icon, indicating that they are open-source. Opening a script's page allows you to view its source code. By examining different scripts, you can gain insights into various trading strategies and techniques. This exposure to different coding styles will broaden your understanding of Pine Script™ and help you improve your own coding skills. Now that we've explored reading code, it's time to unleash our creativity and start writing our own Pine Script™ scripts. Whether you're a beginner or an experienced programmer, Pine Script™ provides a user-friendly yet powerful platform for developing indicators, strategies, and even libraries. Pine Script™ empowers us to write three types of scripts: indicators, strategies, and libraries. Indicators, like RSI and MACD, help us analyze market data. Strategies, on the other hand, include trading logic and can be backtested and forward-tested. Lastly, libraries enable advanced programmers to create reusable functions for other scripts. I invite you all to embark on this exciting journey of writing your first indicator. With Pine Script™, we have a language that is both approachable for beginners and flexible enough for advanced traders. Let's unlock our creativity and develop trading tools tailored to our unique strategies. Thank you for joining me today as we explored the art of reading and writing Pine Script™. Stay tuned for the next episode, where we'll dive deeper into writing indicators and unleash the full potential of this remarkable language. Until then, keep trading with passion and continue honing your coding skills!

Education

07:52

by FadingExtremes

How to use HA-Low and HA-High indicators Hello? 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. ---------------------------------

Education

K.I.S.S or Keep it simple stupid In the markets, traders and investors frequently search for the optimal software tool that will produce reliable profits over the long term. Many traders believe that in order to get the best and most reliable signals they need to, find the perfect tool would need to include as many indications as feasible. The truth, however, is far different. let's explore this subject in more detail. More is not better Technical analysis is not a magical science that can provide traders with precise entry and exit signals with immediate gains. Trading is not an easy industry. Being a continuously effective trader needs persistence, fortitude, and frequently the capacity to endure times when things are not going well. It is just unavoidable for traders to avoid loses, and even a long-term lucrative approach cannot shield them from these situations. There is no such thing as trading with zero losses, as any seasoned trader is aware. Despite this, a lot of traders are still searching for the one simple answer that will, in their opinion, guarantee the most transactions that are successful while decreasing the number of trades that are losses. Some people fear losses like the devil and would stop at nothing to prevent them. They believe that adding additional indicators and other tools with the primary objective of eliminating losing trades is the best course of action rather than starting from the beginning and attempting to comprehend what is really happening in the markets. The individual indicators themselves are not problematic, but if traders begin mixing an excessive number of them with various lines and curves, things can quickly spiral out of control and produce a disorienting jumble. Why traders do this ? The desire to discover some "holy grail" solution, which will invariably result in winning trades with little to no losses (preferably none), is, of course the most popular motivation. Another factor could be the variety of seminars and training sessions available, or the current craze for social media videos. And after a few losses, novice traders start adding more and more indicators that should "improve" the original strategy but ends up leading to more loses down the line The concept is that the more market indicators that support an entry signal, the more probable it is that the trade will be profitable is completely false. Understand that the only "holy grail" that can assist a trader get greater results is to become adept at the psychological, fundamental and technical aspects of trading and to approach these activities as uncomplicatedly as possible. Inexperienced traders are typically duped by a variety of indicators and oscillators, which are meant to give the appearance that they are sophisticated tools made for experienced traders. They might function, but only to a certain extent. The price itself, which represents what is taking place in the market, should serve as the basis for a trader's decisions. As a trader you are better off keeping it simple(KISS)using robust and proven methodologies

Education

by ChristopherDownie

Top 4 Secrets of Using Technical Indicators Hey traders, Technical indicators are an essential part of technical analysis . With multiple different indicators on a chart, the trader aims to spot oversold/overbought conditions of the market and make a profit on that. Though, I don't consider myself to be an expert in indicators trading, here are the great tips that will help you dramatically improve your trading with them. #1️⃣ Do not overload your chart with indicators. There is a fallacy among so many traders: more indicators on the chart lead to an increase in trading performance. Following this statement, traders add dozens of technical indicators to their charts. The chart becomes not readable and messy. The trader gets lost and makes wrong trading decisions. Instead, add 1-2 indicators to your chart. That will be enough for you to make correct judgments. Do not overload your chart and try to make it clean: your task is to analyze the price action first and only then look for additional clues reading the indicators. #2️⃣ Learn what exactly the indicator shows The data derived from technical indicator must make sense to you. You must understand the logic behind its algorithm. You must know exactly what it shows to you. Confidence in your actions plays a key role in trading. During the periods of losing streaks and drawdowns, many traders drop their trading strategies. It happens because they lose their confidence. You will be able to overcome negative trading periods only by being confident in your actions. Only knowing exactly what you do, what do you rely on and why you can proceed even in dark times. #3️⃣ Use the indicators that compliment each other Many indicators are based on the same algorithms. Most of the time, the only difference between them is a minor change in its input variables. For that reason, such indicators leave very similar clues. In order to improve your trading, try to rely on indicators based on absolutely different algorithms. They must complement each other, not show you the same thing. #4️⃣ Price action first! Remember that your trading strategy must be based primarily on a price action. Trend analysis and structure analysis must go first. You must know the way to make predictions relying on a naked chart. The indicators must be applied as the confirmation signals only. They must support the trading strategy but not be its core. ❗️Remember that the indicators won't do all the work for you. Indicator is just a tool in your toolbox that must be applied properly and in strict combination with other tools. Would you add some other tips in this list? ❤️Please, support my work with like, thank you!❤️

Education

by VasilyTrader

TrueLevel Bands: One of the Most Useful Indicators The TrueLevel Bands Indicator: Why It's One of the Most Useful Indicators Out There The TrueLevel Bands indicator is a powerful technical analysis tool that helps traders identify trends and potential reversal points in the markets. It is a versatile and customizable indicator that can be used on any financial instrument, including stocks, commodities, forex, and cryptocurrencies. In this article, we'll explore the TrueLevel Bands indicator in detail, and explain why it's one of the most useful indicators for traders. What Are TrueLevel Bands? TrueLevel Bands are a type of envelope indicator that helps traders identify the upper and lower boundaries of a trading range. They are similar to Bollinger Bands, but instead of using a fixed number of standard deviations from the moving average, TrueLevel Bands use a multiple of the standard deviation that is determined by the length of the moving average. The TrueLevel Bands indicator consists of two lines: an upper band and a lower band. The upper band is calculated by adding a multiple of the standard deviation to the moving average, while the lower band is calculated by subtracting the same multiple of the standard deviation from the moving average. How to Use TrueLevel Bands TrueLevel Bands can be used in a variety of ways, but their primary purpose is to help traders identify trends and potential reversal points in the markets. Here are a few ways that traders can use TrueLevel Bands: 1. Trend identification One of the most significant advantages of TrueLevel Bands is the cloud created by the transparency of the fill color between the upper and lower bands. This cloud makes it easy to visualize the trend at a glance, without having to rely on complex technical analysis tools or methods. The cloud effect also provides a clear indication of the strength of the trend. The wider the cloud, the stronger the trend, while a narrow cloud indicates a weaker trend or consolidation. This feature is particularly useful for traders who prefer to use visual cues to make trading decisions. TrueLevel Bands make it easy to identify the direction of the trend. When the price is above the cloud, it is considered to be in an uptrend. Conversely, when the price is below the cloud, it is considered to be in a downtrend. 2. Reversal points TrueLevel Bands can also be used to identify potential reversal points in the markets. When the price reaches the upper band, it is considered to be overbought, and a reversal to the downside may occur. Similarly, when the price reaches the lower band, it is considered to be oversold, and a reversal to the upside may occur. 3. Support and resistance levels TrueLevel Bands can also be used to identify support and resistance levels. When the price is trading within the bands, the upper band serves as a resistance level, while the lower band serves as a support level. Traders can use these levels to identify potential entry and exit points for their trades. 4. Volatility TrueLevel Bands can also be used to measure volatility. When the bands are narrow, it indicates that the market is experiencing low volatility. Conversely, when the bands are wide, it indicates that the market is experiencing high volatility. 5. Fibonacci-based length options In addition to the standard length options (250, 500, 750, 1250, 2000, and 3250), TrueLevel Bands also offer Fibonacci-based length options. These lengths are spaced out in a way that allows traders to capture different time frames and market movements, from short-term fluctuations to longer-term trends. The Fibonacci-based length options were chosen by multiplying 125 (which represents 6 months of daily data) by a sequence of Fibonacci numbers, starting with 2. The resulting lengths are: 250 (125 x 2), 375 (125 x 3), 500 (125 x 4), 325 (125 x 5), 750 (125 x 6), 1000 (125 x 8), 1250 (125 x 10), 1625 (125 x 13), 2000 (125 x 16), 2625 (125 x 21), 3250 (125 x 26), 3750 (125 x 30), and 4250 (125 x 34). By using these Fibonacci-based length options, traders can take advantage of the natural patterns and rhythms that exist in the markets. These lengths are spaced out in a way that allows traders to capture different time frames and market movements, from short-term fluctuations to longer-term trends. Why TrueLevel Bands Are More Accurate Than Moving Averages Moving averages are a popular technical analysis tool that help traders identify trends and potential reversal points in the markets. However, they have a few drawbacks that make them less accurate than TrueLevel Bands. 1. moving averages are based on past prices, which means they lag behind the current market conditions. This can lead to false signals and missed trading opportunities. 2. moving averages use a fixed number of periods, which may not be suitable for all market conditions. For example, a 50-period moving average may work well in a trending market, but it may be less effective in a choppy or range-bound market. TrueLevel Bands, on the other hand, use a multiple of the standard deviation that is determined by the length of the moving average. This means that the bands are more responsive to changes in market conditions, and they can adapt to different market environments. Conclusion The TrueLevel Bands indicator is a powerful and versatile tool that can help traders identify trends, potential reversal points, support and resistance levels, and measure volatility. It offers a range of length options, including Fibonacci-based options, that allow traders to capture different time frames and market movements. Compared to moving averages, TrueLevel Bands are more accurate and adaptable to changing market conditions. They can help traders make better-informed trading decisions and improve their overall trading results. If you're looking for a reliable and versatile technical analysis tool, give the TrueLevel Bands indicator a try. It might just be the missing piece in your trading toolbox.

Education

Learn 4 Classic Trade Confirmations "Look for a confirmation!" "Wait for a confirmation!" When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation? It was a full-blown mystery...🤯 Then, once I started to mature in trading and trade full-time, I became an author on TradingView. Posting my forecasts and trading setups, I frequently mentioned the confirmation. And now the newbies that are reading me and learning from me are pissed off...🤬 That is so funny I guess. But the truth is that the confirmation must become a fundamental part of your trading strategy. It is your key to successful trading. What exactly is the confirmation? It depends on many many different things, in this article I will discuss with you the 4 main types of confirmation and give you detailed examples. 1️⃣ - PRICE ACTION CONFIRMATION That is actually what I prefer. Analyzing different markets and searching for decent trading opportunities often times we find some peculiar instruments to watch. Identifying the market trend and key levels we find the potential spots to trade from. But do we just open the trade once the "ZONE" is spotted? I wish it could be that simple... Trading just the zone, without additional clues brings very negative figures. We definitely need something else. Price action & candlestick patterns can be those clues. Accurate reflection of the current local market sentiment makes the patterns a very reliable confirmation. Dodji's, pin bars, double tops/bottoms ... Proven by history, the skill of identification & reading the patterns will pay off quickly. Being in some sense the language of the market, the patterns are the fundamental part of my trading strategy. 2️⃣ - FIBONACCI LEVELS Fibonacci levels are a very popular technical tool. Being applied properly it helps the trader to confirm or, alternatively, disqualify the identified "ZONE". With multiple different methods like confluence trading, fibs are applied in hedge funds and various banking institutions. The main problem with the fibs, however, is complexity and a high degree of subjectivity. Meeting different traders and watching different posts on TradingView I noticed that all traders tend to have their own vision. There is no universal system to apply here, a proper fib.confirmation technique can be built only with long-lasting backtesting and practicing. 3️⃣ - FUNDAMENTAL NEWS The figures in the economic calendar, news, tweets. Actual fundamental news can become your best confirmation tool. However, the main obstacle right here is the promptness, validity and reliability of the data that you get. The information shouldn't be delayed and it must be objectively true. The search for such a source is by itself is a very time-consuming and labor-intensive business not even mentioning its potential costs. And that is not all. Knowing how to make sense of that data, its proper perception, and understanding requires a solid economical and financial background and experience. At the end of the day, becoming an expert in fundamental analysis , the trader can easily sort the trading zones and trade only the ones that are confirmed by a decent fundamental trigger. 4️⃣ - TECHNICAL INDICATORS I believe all the traders apply some indicators. From a simple moving average to some complex composite algorithms, indicators play a very important role in trading. Being 100% objective and providing up-to-date real numbers and figures, they are our allies in a battle against subjectivity. For many traders, the various signals from indicators are considered to be accurate and reliable confirmations. Many algotrading solutions are operating simply relying on such signals and being able to bring consistent profits proves the power of technical indicators. What confirmation type should you rely on?🧐 I guess the main rule right here is that the confirmation must MAKE SENSE to you. You should feel the logic behind that. It must make you confident in your action, even in case of the occasional losses, it must keep you calm and humble. Let me know in a comment section what confirmation do you prefer! 💝Please, support my work with like and comment! Thank you for reading. Let me know, traders, what do you want to learn in the next educational post?

Education

by VasilyTrader

Top Technical Indicators Pairings While there is no single definitive answer to which specific combinations of technical indicators is the most profitable, I can try to provide some popular combinations and their application in trading strategies. The success of these strategies depends on various factors such as the trader's skill, market conditions, and risk management techniques. 1. Moving Averages and MACD (Moving Average Convergence Divergence): Moving averages smooth out price data to help traders identify trends. Two commonly used types are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A popular strategy is to use two moving averages with different timeframes, such as the 50-day and 200-day SMAs. When the shorter timeframe moving average (e.g., 50-day SMA) crosses above the longer timeframe moving average (e.g., 200-day SMA), it generates a bullish signal. Conversely, when the shorter timeframe moving average crosses below the longer one, it generates a bearish signal. The MACD is a trend-following momentum indicator that calculates the difference between two EMAs of the price and then smooths it with another EMA. A common configuration is the 12-day EMA, the 26-day EMA, and the 9-day signal EMA. When the MACD line crosses above the signal line, it generates a bullish signal, while a bearish signal occurs when the MACD line crosses below the signal line. Combining moving averages with MACD can provide stronger signals, as the moving averages identify trends and the MACD helps confirm them. 2. RSI (Relative Strength Index) and Bollinger Bands: The RSI is a momentum oscillator that measures the speed and change of price movements. The RSI ranges from 0 to 100 and is typically used to identify overbought or oversold conditions. An RSI above 70 is considered overbought, suggesting that the asset may be overvalued and due for a pullback. An RSI below 30 indicates oversold conditions, suggesting that the asset may be undervalued and due for a rebound. Bollinger Bands consist of a moving average (usually the 20-day SMA) and two standard deviations above and below it. The bands expand and contract based on an asset's volatility. When the price touches the upper Bollinger Band, it could be a sign of overextension and an impending reversal to the downside. Conversely, when the price touches the lower Bollinger Band, it could indicate that the asset is oversold and due for a rebound. By combining the RSI and Bollinger Bands, traders can identify potential reversal points with greater confidence. For instance, if the RSI indicates an overbought condition and the price touches the upper Bollinger Band, it could provide a stronger signal to exit long positions or enter short positions. 3. Stochastic Oscillator and ADX (Average Directional Index): The Stochastic Oscillator is a momentum indicator that compares an asset's closing price to its price range over a specific period. The indicator consists of two lines: %K and %D. When %K crosses above %D, it generates a bullish signal, while a bearish signal occurs when %K crosses below %D. Traders often look for overbought or oversold conditions, similar to the RSI. The ADX is a non-directional indicator that measures the strength of a trend. A rising ADX indicates a strengthening trend, while a falling ADX suggests a weakening trend. The ADX does not provide information on the direction of the trend; it merely indicates the trend's strength. By combining the Stochastic Oscillator and ADX, traders can identify potential entry and exit points with greater confidence. For instance, if the Stochastic Oscillator signals a bullish crossover and the ADX is rising, it could indicate that the uptrend is strong, and a long position may be warranted. Conversely, if the Stochastic Oscillator signals a bearish crossover and the ADX is rising, it could suggest that the downtrend is strong, and a short position may be appropriate. 4. Support and Resistance with Volume Indicators: Support and resistance levels are critical price points where buying or selling pressure tends to push the price back in the opposite direction. Support is a price level where buying pressure is strong enough to prevent the price from falling further, while resistance is a level where selling pressure is strong enough to stop the price from rising further. Volume indicators, such as OBV (On-Balance Volume) or VPVR (Volume Profile Visible Range), can provide insights into the strength of price movements. The OBV is a cumulative indicator that adds volume on up days and subtracts volume on down days, reflecting buying and selling pressure. The VPVR displays the volume traded at different price levels, helping traders identify areas of high buying or selling interest. By combining support and resistance levels with volume indicators, traders can better identify potential entry and exit points. For example, if the price is approaching a support level and the OBV is rising, it could suggest that buying pressure is increasing, and the price may bounce off the support level. Similarly, if the price is nearing a resistance level and the OBV is falling, it could indicate that selling pressure is increasing, and the price may reverse at the resistance level. 5. Fibonacci Retracements and Moving Averages: Fibonacci Retracements are a popular tool used to identify potential support and resistance levels based on the Fibonacci sequence. By measuring the distance between a significant high and low in a price trend, traders can identify key retracement levels, typically at 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels often act as support or resistance, where price reversals might occur. Combining Fibonacci Retracements with moving averages can offer additional confirmation for potential reversal points. For instance, if a 50-day moving average aligns with a 61.8% Fibonacci retracement level, it could strengthen the case for a potential reversal at that price point. 6. Ichimoku Cloud and RSI: The Ichimoku Cloud is a comprehensive technical analysis tool that provides information on trend direction, momentum, and support and resistance levels. It consists of five lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. A bullish signal is generated when the price moves above the cloud, while a bearish signal occurs when the price moves below the cloud. By combining the Ichimoku Cloud with the RSI, traders can obtain more robust signals for potential trend reversals or continuations. For example, if the price breaks above the Ichimoku Cloud and the RSI moves above 50, it could indicate a strong bullish momentum, suggesting a long position. Conversely, if the price falls below the Ichimoku Cloud and the RSI drops below 50, it could signal a strong bearish momentum, suggesting a short position. While these combinations of technical indicators have been popular and potentially profitable for predicting the performance of SPY up to September 2021, it's crucial to remember that no strategy is foolproof. The success of a trading strategy depends on various factors, such as the trader's skill, market conditions, and risk management techniques. 7. Chart Patterns and Volume Indicators: Chart patterns are visual representations of market psychology and can help traders identify potential trend reversals or continuations. Some common chart patterns include Head and Shoulders, Double Tops and Bottoms, Triangles, and Flags. These patterns often suggest impending price movements based on historical performance. By combining chart patterns with volume indicators like OBV (On-Balance Volume) or VPVR (Volume Profile Visible Range), traders can gain insights into the strength of price movements and validate potential breakouts or reversals. For example, a bullish breakout from a chart pattern accompanied by increasing OBV could indicate strong buying pressure, supporting the likelihood of a sustained upward move. Conversely, a bearish breakdown from a chart pattern accompanied by decreasing OBV could suggest strong selling pressure, supporting the likelihood of a continued downward move. 8. Candlestick Patterns and Moving Averages: Candlestick patterns are another form of visual analysis that can provide insights into market sentiment and potential price direction. Common candlestick patterns include the Hammer, Shooting Star, Engulfing Pattern, and Doji. These patterns can offer short-term signals for potential reversals or trend continuations. Combining candlestick patterns with moving averages can help traders confirm potential trend changes or continuations. For example, a bullish candlestick pattern occurring near a rising moving average could suggest that the uptrend is likely to continue. Similarly, a bearish candlestick pattern near a falling moving average could indicate that the downtrend may persist. 9. Multi-timeframe Analysis: Using multiple timeframes in technical analysis allows traders to gain a more comprehensive understanding of market trends and price action. By examining different timeframes, such as daily, weekly, and monthly charts, traders can identify the primary trend, intermediate trend, and short-term fluctuations. By applying technical indicators and chart patterns across various timeframes, traders can obtain more robust trading signals and improve their decision-making process. For example, a moving average crossover on a daily chart may provide a more significant signal if it aligns with a key support or resistance level on a weekly chart. 10. Divergence Analysis with Oscillators: Divergence analysis involves comparing the price action of an asset with an oscillator, such as the MACD, RSI, or Stochastic Oscillator. A divergence occurs when the price makes a new high or low, but the oscillator fails to follow suit, suggesting a potential reversal or weakening of the current trend. For instance, if an asset's price reaches a new high but the RSI fails to make a new high, it could signal a bearish divergence, indicating that the uptrend may be losing momentum. Conversely, if the price makes a new low and the RSI fails to make a new low, it could signal a bullish divergence, suggesting that the downtrend may be losing steam. By incorporating divergence analysis with other technical indicators or chart patterns, traders can enhance their decision-making process and identify potential trend reversals with greater confidence. In conclusion, while various combinations of technical indicators, chart patterns, and analytical techniques have been popular and potentially profitable for predicting the performance, the success of a trading strategy depends on various factors, such as the trader's skill, market conditions, and risk management techniques. Traders must continuously evaluate and adjust their strategies based on changing market conditions and consider other factors such as fundamentals, economic news, and global events. It's also essential to practice proper risk management techniques, such as setting stop-loss orders and position sizing, to minimize potential losses and enhance the overall success of a trading strategy.

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Updated

Price action vs Indicators =, Another lie in trading ? I did not go into the details of "lagging" as it relates to indicators. Which is a true statement but its a misunderstood statement in the trading industry because most people don't truly understand what that means and also there are a lot of indicators that are leading. However in this video when I say "lagging" I am referring to the general idea in fx that indicators are useless because they are using past data.

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09:39

by ChristopherDownie

Winning Combinations of Technical and Fundamental Indicators Here are some combinations of technical and fundamental indicators that investors often use to analyze stocks. 1. Moving Average, MACD , RSI + Valuation Ratios (P/E, P/B, P/S) This combination of technical and fundamental indicators is commonly used by investors to analyze the short-term price trends of a stock and its long-term valuation. Moving averages, MACD , and RSI are technical indicators that can help investors identify short-term buy or sell signals, overbought or oversold conditions, and follow the trend. On the other hand, valuation ratios like P/E, P/B, and P/S can provide insights into the company's long-term valuation and potential for growth. For example, if a stock's P/E ratio is significantly lower than its industry average, it may indicate that the stock is undervalued and could present a buying opportunity. 2. Bollinger Bands , Ichimoku Cloud , Stochastic + Financial Statement Analysis, Interest Rates This combination of technical and fundamental indicators is commonly used by investors to analyze a stock's price volatility and trend as well as its financial health and economic factors. Bollinger Bands , Ichimoku Cloud , and Stochastic are technical indicators that can help investors measure price volatility , identify overbought or oversold levels, and follow the trend. Financial statement analysis can provide insights into a company's financial health, including its revenue, earnings , and debt levels. Interest rates can also provide insights into the broader economic trends that may impact the stock's performance. For example, if interest rates are rising, it may indicate a stronger economy, which could positively impact the stock's performance. 3. Fibonacci Retracement , Support and Resistance , MACD + Economic and Political News, Key Economic Indicators ( Inflation Rate, GDP, Unemployment Rate) This combination of technical and fundamental indicators is commonly used by investors to analyze a stock's short-term price trends, volatility , and support and resistance levels, as well as the overall economic performance and market trends. Fibonacci retracement , Support and Resistance , and MACD are technical indicators that can help investors identify short-term buy or sell signals, measure volatility , and identify support and resistance levels. Economic and political news, as well as key economic indicators like inflation rate, GDP, and unemployment rate, can provide insights into the overall economic performance and market trends that may impact the stock's performance. For example, if there is positive economic news or if key economic indicators like GDP and inflation rate are improving, it may indicate a growing economy and positively impact the stock's performance. It is important to note that these combinations are just examples and their effectiveness may vary depending on market conditions and the trading strategy used. Investors should always exercise due diligence and research before using indicators in their trading strategy. Feel free to share your own combinations of indicators and opinions in the comments section below.

Education

Learn 7 Classic Free Indicators For Technical Traders ◻️MACD(Moving Average Convergence/Divergence) Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an asset’s price may signal a change in its underlying trend. This can help traders decide when to enter, add to, or exit a position.MACD is a lagging indicator. After all, all the data used in MACD is based on the historical price action of the asset. Because it is based on historical data, it must necessarily lag the price. However, some traders use MACD histograms to predict when a change in trend will occur. ◻️VWAP(Volume-Weighted Average Price) The volume-weighted average price (VWAP) is a measurement that shows the average price of a security, adjusted for its volume. It is calculated during a specific trading session by taking the total dollar value of trading in the security and dividing it by the volume of trades. The formula for calculating VWAP is cumulative typical price x volume divided by cumulative volume. VWAP gives traders a smoothed-out indication of a security’s price (adjusted for volume) over time. It is used by institutional traders to ensure that their trades do not move the price of the security they are trying to buy or sell too extremely. ◻️EMA(Exponential Moving Average) An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period. ◻️THE FOUR TYPES OF EMA: ▪️9-EMA is use for short term trading ▪️21-EMA is used for day trading ▪️50-EMA is used for analysis ▪️200-EMA is used for long term view ◻️RSI(Relative Strength Index) The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.Generally, when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. Put another way, one can interpret that RSI values of 70 or above indicate that a security is becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to a security that trades at a price level above its true (or intrinsic) value. That means that it's priced above where it should be, according to practitioners of either technical analysis or fundamental analysis. Traders who see indications that a security is overbought may expect a price correction or trend reversal. Therefore, they may sell the security. Thanks for reading bro, you are the best☺️ Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?

Education

by TopTradingSignals

10 Common Technical Indicators Simply Explained for Easy Trading Trend Indicators: 1. Moving Average (MA): The Moving Average is a popular trend-following indicator that smooths out price data by creating a constantly updated average price. The MA is used to identify the general direction of a trend, as well as potential support and resistance levels. The most commonly used MA types are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Short-term traders often use shorter MAs, such as the 10-day or 20-day MA, while longer-term traders may use the 50-day or 200-day MA. 2. Moving Average Convergence Divergence (MACD): The MACD is another trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD consists of a fast line (12-day EMA), a slow line (26-day EMA), and a signal line (9-day EMA). The MACD is used to identify trend reversals and momentum shifts. When the fast line crosses above the slow line, it is considered a bullish signal, and when the fast line crosses below the slow line, it is considered a bearish signal. Momentum Indicators: 3. Relative Strength Index (RSI): The RSI is a popular momentum oscillator that measures the velocity and magnitude of price movements. The RSI compares the average gains and losses over a specific period of time to determine whether a security is overbought or oversold. The RSI typically ranges from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 indicating oversold conditions. The RSI can be used to confirm price trends and to identify potential trend reversals. 4. Stochastic Oscillator: The Stochastic Oscillator is another momentum oscillator that compares the closing price of a security to its price range over a specific period of time. The Stochastic Oscillator consists of two lines: %K and %D. The %K line is the main line, and the %D line is a moving average of the %K line. The Stochastic Oscillator is used to identify overbought and oversold conditions and potential trend reversals. When the %K line crosses above the %D line, it is considered a buy signal, and when the %K line crosses below the %D line, it is considered a sell signal. Volatility Indicators: 5. Bollinger Bands: Bollinger Bands are a popular volatility indicator that consists of three lines: a moving average, an upper band, and a lower band. The upper and lower bands are typically set two standard deviations away from the moving average. The bands expand and contract as volatility increases and decreases. When the price is at the upper band, it is considered overbought, and when it is at the lower band, it is considered oversold. Bollinger Bands can be used to identify potential trend reversals and to confirm price trends. 6. Average True Range (ATR): The ATR is a volatility indicator that measures the average range of a security's price over a specific period of time. The ATR is typically used to identify potential breakout opportunities and to set stop-loss orders. High ATR readings indicate high volatility, while low ATR readings indicate low volatility. Oscillator Indicators: 7. Commodity Channel Index (CCI): The CCI is an oscillator indicator that measures the difference between a security's price and its average price over a specific period of time. The CCI typically ranges from -100 to +100, with readings below -100 indicating oversold conditions and readings above +100 indicating overbought conditions. The CCI can be used to identify potential trend reversals and to confirm price trends. 8. Relative Vigor Index (RVI): The RVI is another oscillator indicator that measures the strength of a security's price relative to its closing price range over a specific period of time. The RVI typically ranges from 0 to 100, with readings above 50 indicating bullish conditions and readings below 50 indicating bearish conditions. The RVI can be used to identify potential trend reversals and to confirm price trends. Volume Indicators: 9. On-Balance Volume (OBV): The OBV is a popular volume indicator that measures the buying and selling pressure of a security based on its volume. The OBV adds the total volume of a security when its price increases and subtracts the total volume when its price decreases. The OBV can be used to confirm price trends and to identify potential trend reversals. 10. Chaikin Money Flow (CMF): The CMF is another volume indicator that measures the buying and selling pressure of a security based on its volume. The CMF takes into account both the price and volume of a security to determine its overall buying and selling pressure. The CMF typically ranges from -1 to +1, with readings above 0 indicating buying pressure and readings below 0 indicating selling pressure. The CMF can be used to confirm price trends and to identify potential trend reversals. In conclusion, technical indicators are essential tools for traders to analyze securities and make informed decisions about buying and selling. Each indicator has its own strengths and weaknesses, and traders often use a combination of indicators to confirm their trading decisions. By understanding how these indicators work and what they measure, traders can gain a deeper insight into the behavior of the markets and potentially improve their trading performance.

Education

📊 Best Beginner Technical Indicators Technical indicators are mathematical calculations based on an asset's price and/or volume that are used to analyze market trends and identify potential trading opportunities. 📍Trend indicators: These indicators are used to identify the direction of the market's trend over a given time period. Some popular trend indicators include moving averages, trendlines, and the Average Directional Index (ADX). 📍Relative strength indicators: These indicators compare the strength of a security's price action to the strength of a market index or another security. They are often used to identify potential buying or selling opportunities based on whether a security is overbought or oversold. Examples of relative strength indicators include the Relative Strength Index (RSI) and the Stochastic oscillator. 📍Momentum indicators: These indicators measure the rate of change in a security's price over a given time period. They can be used to identify potential trend reversals or confirm the strength of a current trend. Examples of momentum indicators include the Moving Average Convergence Divergence (MACD) and the Rate of Change (ROC). 📍Volume indicators: These indicators measure the trading volume of a security over a given time period. They can be used to confirm the strength of a trend or identify potential trend reversals. Examples of volume indicators include the Chaikin Oscillator and On-Balance Volume (OBV). 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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