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Rsioversold

Momentum play on NQ 45-min via volume-weighted RSIOverview Simple overbought-oversold momentum play using NEXT RSI , which blends volume analysis with momentum. Volume weighing of the algo reduces the lag and improves accuracy over vanilla RSI as volume often precedes price action. This is a contra-trend (momentum exhaustion) scalping strategy - use order management (TP, SL, trailing stops) and do not trade signal to signal (e.g. long-short-long) . Strategy Rules: - NQ Futures, 45min chart - Long Entry when NEXT RSI crosses over 35 - Short Entry when NEXT RSI crosses under 65 Order Management: - Take profit @ +$50 - Stop Loss @ -$50 Prerequisites and set-up: - NEXT RSI configured to 21,3,65,50,35 - NEXT Strategy Visualizer configured to Signal Source: NEXT RSI, LE @ 35, SE @ 65
CME_MINI:NQ1!Education
by ChartVPS
HIBB another near-term buy targetBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of 70.74. If this instance is successful, that means the stock should rise to at least 71.52 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.025% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 7.296% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.856% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 9 trading bars; half occur within 19 trading bars, and one-quarter require at least 32 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
HLong
by StockSignaler
SWK is target for dip buying festivalBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of 173.87. If this instance is successful, that means the stock should rise to at least 174.83 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.089% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.72% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.332% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 5 trading bars; half occur within 17 trading bars, and one-quarter require at least 37 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SWKLong
by StockSignaler
Zoom - Bullish BatI must say, I'm a forex trader, not a stocks trader so do your own research. From the technical analysis standpoint Zoom has hit $290 after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s third-quarter earnings guidance failed to impress Wall Street. Shares of Zoom (ticker: ZM) were down more than11% in premarket trading Tuesday. This could give traders who wanted to buy zoom but finding it too expensive to involve in the market an opportunity to engage. A bullish bat pattern, alt bat or fib 3 bat you may call it, is a good setup for a potential buying opportunity, but do remember harmonic pattern like this has a high win-rate if used right but that doesn't mean a 100% win rate. Overall, I'm positive on this stock to go long.
NASDAQ:ZMLong
by RaynLim
2
ATVI looks interesting! 👀This stock has been crushed recently, but there’s a good chance it’ll do something interesting now, that is near a support level, and it is apparently oversold. We have a congestion in the 30min, and some breakpoints ATVI must break, like the 92.08 and the 92.74. If ATVI breaks these points, we might see it bouncing to the 94s again. The 91.50s seems to be a support for ATVI, but if it loses the 90.88, then is can just keep dropping to the 88 and close the gap. The RSI is oversold, but this is not a buy yet, and we must wait for more confirmation. The problem is that ATVI is not reacting quickly like it did last time it hit the 87s, when the RSI was around the same level it was today, and this is something that can ruin our thesis. Anyway, ATVI is interesting at 92 and 88, so, we should keep an eye on it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:ATVI
by UnknownUnicorn21312077
5
GBPUSD long opportunity 📈Something different for my first idea of the day. Working a RSI based strategy here on GBPSD 15M time frame. After a mad drop caused by FOMC news the strategy has now presented a potential long. Entry details are shown on the chart. Green line is TP, Pink line SL As always trade history can be seen below this trade idea too for full transparency. Last trade shown on chart to give visual representation of how this script works. Despite being 15M timeframe trades can last for a while. This due to the RSI cycle applied on this GU strategy. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
Is DE oversold? Yes!It looks like DE is extremely oversold, and this might be interesting. We have a divergence on the RSI in the 30min chart. It is not the best, but it is a start. We also have a rounded bottom idea, and only DE loses its bottom the trade will fail. Small stop-loss, high reward. The RSI in the 4h chart is extremely oversold as well, and DE went outside the BB for a moment, and now it is closing inside them again. All of this is occurring near a support area at 331. It is a very risky “buy the dip” kind of trade, but DE can bounce back to the 350, and this makes a good risk-reward for me. Always remember, it is oversold, but this doesn't mean it can't drop more, so, always protect yourself, and use tight stop-losses! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:DE
by UnknownUnicorn21312077
USDJPY-Weekly Market Analysis-Jun21,Wk3USDJPY is moving slightly higher and higher each day, this may sound like a Dollar optimises but I can assure you the big picture is the exact opportunity. At this moment I'm just going to play along. I'll short when the market retraces back to 109.76 and turn my trade to long once it reaches the trendline and fails the close below the trendline. You can check on the link below on my student's view. Feel free to share your thoughts in the comment segment.
Long
by RaynLim