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Volume Profile - Fixed Range/Session Volume/Visible RangeVolume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are a number of strategies the Volume Profile was designed to be used for, but I have found over the years most of it is useless in Crypto or it can be found with better methods. I will cover what I use it for in this educational piece. Most traders use the default Volume indicator that measures Volume based on time instead of price levels. While this is semi useful, I remove that on all of my charts and use Volume Studies that are based on price levels for a more accurate view. The Volume Profile can be found in the indicators section on TradingView shown in the link below. imgur.com As a note, I do change my settings depending on how I am using this indicator. I do enable Show Values, so I may see a detailed look at actual numbers. Also, I do change the amount of rows (Row Size) depending on how detailed of a look I need for the current situation. For the most part, I disable the P.O.C., Developing P.O.C., and Developing VA. I have found these features to clutter what I am looking at and not provide me with any kind of accurate or useful information. Some traders will disagree, but in reality they are just added features that rarely apply to crypto trading as a strategy. However, there may be times when they are useful and there is actual strategies that can be used, but I will not cover them because it will waste everyone's time. 2. There are 3 different ways to use it: Fixed Range- This is used for a set number of candles. Upon clicking this, you then select the area you would like to study. This is extremely useful when studying past fractals and how they would apply to current price action. Also, they are useful when studying how a catalyst or black swan affected the price of an asset for future theories and trading preparation. Shown below is a Fixed Range from December 10th to the 19th for Ethereum. ($415-$861) Session Volume- This measurement takes the Daily close no matter what time frame you are viewing and sets individual measurements for that 24 hours. Shown below is a the last 3 days as of this writing for Ethereum. Visible Range- This option is useful for quick views of price levels that automatically adjust as you zoom in and out of the chart. Whatever candles are visible on the chart, it shows trading Volume at those price levels. Shown below was Ethereum's last rally from $300-$1,425 and current correction. (Values have been disabled & row amount/size is set at 100) 3. Terminology Point of Control (P.O.C.) – The price level for the time period with the highest traded volume. Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. However, it is up to the trader’s discretion. Value Area High (VAH) – The highest price level within the value area. Value Area Low (VAL) – The lowest price level within the value area.
BITFINEX:ETHUSDEducation
by Nick_Core
33
The Support Line: EP1 -- Scales Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can help and work with you! Here we will talk about some of the more fundamental points of technical analysis, helping us become better chartists. Some of our advanced users may be able to brush up on information here, and perhaps fill in gaps of things they didn't know. Our newer users should expect to build a better base, and have a good foundation for more advanced concepts later. Please help me out with suggestions for what our next talk should be about!! Leave me a note in the comments, and we'll make sure we get to it as soon as possible! Thanks ! Lets get our pencils out and get to work!
COINBASE:ETHUSDEducation
by blessmywork
10
How to find market bottoms-- HOW TO FIND MARKET BOTTOMS -- Here we see that btcusdlongs/btcusdshorts gets a huge spike upwards while bitcoin itself is going down. Similar to RSI, this is a classic divergence that shows that people don't feel safe holding shorts any longer and/or want to go long and catch the bottom. With a btc/usd overlay it's very easy to see how during previous btc bottoms, btcusdlongs/shorts gets a huge spike and soon after btc/usd rebounds as well. Another tool i like to use is the cm williams vix fix that finds market bottoms by itself, just make sure to use it on multiple larger time frames to confirm the absolute bottom.
BITFINEX:BTCUSDLONGSEducation
by deniskov
19
trading market cycles with PRO SinewaveFor those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you ! For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of trading ! Usages can be very wide but I personnaly focussed on creating an algorithm to filter, and signal out of the sinewave oscillator. It ended up with this PRO Sinewave indicator ! But there's an important thing you might need to know (if not already) is that a proper trading signal can never come out of a single indicator... (holy grail indicator doesn't exist and therefore every indicator will have its own strengths and also weaknesses). To avoid this I also developped the PRO Momentum wich is also a very complex signaling indicator (with patterns coming out of momentum based indications). Momentum and cyclical approaches are very complementary and when you combine the signals from the two indicators you'll obtain a very low risk trading signal. That doesn't mean they'll be 100% winners... Only fools could believe such thing. Everything about the Momentum & Sinewave signaling process is details in this PDF manual (right clic to download) Anyway I hope I caught your interest on this great topic that is cyclical analysis of the market !
FX:SPX500Education
by PRO_Indicators
1
Example of an Ascending TriangleGBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an uptrend then prices bounce inside the triangle before breaking higher. To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is the distance away as the back of the triangle.
Education
by heco08
Example of a Support and Resistance lines.I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long until the next resistance level. If it breaks a support, make a short until the next support level. Sometimes a price level can behave as support and as resistance, this indicates that it is a strong level.
Education
by heco08
Support and Resistance DefinedThe Traders Decisions at S & R Areas: This is a function of how we are wired as humans. The decisions to buy or to sell are made by analyzing the current price against previous areas which cause an emotional response to traders. They fear of missing out of on opportunity so they either buy or sell at these areas of support or resistance. So the support area is basically summed up as the demand overcomes the supply limiting the price to go down any further. Then resistance, is the area with the supply has been overcome with demand which limits an upward price movement. That is were you see a ‘Barrier” form. You will sometimes notice that a support/resistance area isn’t exacly a straight line which is why it is called an area. What happens is traders will make different decisions at different prices in this area. Never assume these areas will hold, however, they should always be areas of interest and you should take note of it when you see them.
Education
by Tradingstrategyguides
2
USDCAD 4h Educational PostObserve the chart for a moment, and you will see the support trendline. Now, price on the 4h candles has broken below this support trendline, but has never closed below it. After the first three points on the trendline, illustrated by the first 3 circles, the trendline was established as valid. (It generally is considered that 3 points are necessary for a level to be valid) After the 3 points, the trendline was established, and even though there were 2 more circles after that, where candles went below the trendline, the 4h candles still closed above. The wicks in the last 2 points indicate that bulls reversed price in time for the 4h candle to close. This trading week closed pretty nice for this pair, the third to last candle's lower shadow is as long as the body, and the following candle is very strongly bullish. Therefore, I will be looking at a long position next week. A lesson one could take away from this is that you should never take a trade that uses an unclosed candle, because it still has time to form completely differently, and it is a mistake that is very easy to avoid. - For example, look at the two candles in the fourth circle: sure price went 30 pips below the trendline, but it did not close there. I can already tell you that there were traders that took this short position without waiting for that candle to close. Patience is key. Another lesson is that higher time frames take precedence over shorter ones. One should not trade a 5 minute double top formation on a 1h or 4h,200 pip uptrend.
Education
by MtxTrader
Why 90% of Retail Traders Fail - "Fear of Missing Out!"There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have patience to wait for them to unfold. All too often I see traders here chasing price , and this EURUSD today is a perfect example of this. I can't even imagine how many traders got short on the break out of this short term up trend line. Many probably waited for the hourly candle to close to enter, but what happened? Immediately after they entered price reversed sharply and is on the way to stopping those traders out who most likely have their stop loss just above the high around 1.047. If we look at the price action over the month of December on this pair, we can clearly see the 1.05-1.052 area have been strong support where buyers continuously stepped in every time price approached it. Once that support was broken you can see that the role of the level reversed and it became resistance. Sellers came in on the back side of the level, however only intraday did it retest the level. It is likely that there will be an official retest of the figure and another major attempt to the downside, even if it is just to the previous low. IF price comes back to a major area that was support it will VERY LIKELY become resistance. A setup like this is a high probable setup, but it takes a while to unfold. It has been 6 days so far since the level has been broken. Maybe it will hit the level today... maybe not. Maybe it will hit the level tomorrow... maybe not. Maybe it will hit the level next week. Maybe it will NEVER come back to the level... Who knows... but as traders we must be patient if we want to get the most probable setups. It is better to miss a trade than to take a poor trade! If you want to get setups that have low odds of working out, that is fine. You do you, but if this resonates with even one trader and helps them trade better than my job here is done.
Education
by UnknownUnicorn261897
11
How To: Trade Support & Resistance Like the ProfessionalsHello traders. It is a statistical fact that upwards of 90% of retail traders lose money in the Forex market. There are many reasons for this, but perhaps the most important reason is entry. Retail traders often get terrible entries. Even if they are right, their entry may be so poor that their opportunity for profit is not enough to make them consistently profitable. If 90% of retail traders are losing, then that must mean 90% of institutions are profiting. Why is this? What makes institutional traders better than retail traders? Well the main reason why institutional traders are better is because they have access to research that retail traders simply don't have access to. The institutions that employ these traders also employ teams of analysts whose sole responsibility is to analyze the market to ensure the profitability of the institution's traders. However, another very important aspect of their success is that they do NOT wait for confirmation, trend line breaks, patterns, and signals from indicators when trying to enter the market. Institutional traders look for specific prices to buy and sell at and they place their orders at those levels. In a trending market for example, such as this USDJPY over the last month, institutional traders will be looking to buy dips. They won't be waiting for price to form a low and then enter the market because that would be chasing price... that would be retail. Institutions let the market come to them, they find specific prices that reflect good value for buying given the market condition. You can see on the chart all the points at which major higher lows formed throughout this uptrend. As you can also see those lows in just about every instance match up perfectly with the previously broken high. That is no coincidence. For a market to form a major swing high in an uptrend, there must be a lot of money selling the market at that price to push it lower. Only institutions have enough buying/selling power to move price and form such a top so if a high is formed it is because it was at a price level where institutions were previously selling. If price then breaks out to the upside and forms new highs, institutional buyers will then look to buy that same price that they previously sold at. It seems very basic... and that is because it is. Institutional traders only look at price action. Retail traders are the only traders who complicate things by using patterns and indicators and that is precisely why so many of them fail. Keep your charts simple... don't wait for confirmation or signals... let price come to you. Think like an institutional trader now like a retail trader!
Education
by UnknownUnicorn261897
22
Famous Filtered Pivots Indicator - Many Time Frames Available!!!CM_Pivot Points_M-W-D-4H-1H_Filtered ***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise... ***New Feature - Ability to turn On/Off Pivot Moving Average ***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below) Available Timeframes (Change In Inputs Tab): 1 Hour 4 Hour Daily Weekly Monthly Yearly ***All Features Available in Inputs Tab -Ability to Plot just 1, or all Pivot Timeframes -Defaults to Monthly Pivots -Ability to turn On/Off Pivot Moving Average -Ability to turn On/Off Filtered Pivots -Ability to Plot S3 and R3 on 1 Hour and 4 Hour Pivots ***FILTERED PIVOTS!!! -THIS IS A WAY TO FIND THE HIGHEST PROBABILITY MOVES -IF CURRENT PIVOT IS GREATER THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S1, & R2 PLOT -IF CURRENT PIVOT IS LESS THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S2, & R1 PLOT -***THIS IS A WAY TO FILTER OUT PIVOTS AND ONLY PLOT THE LEVELS THAT ARE EXPECTED TO BE MAJOR SUPPORT AND RESISTANCE ***VIDEO COMING SOON WHERE i WILL GO OVER IN DETAIL THE THOUGHT PROCESS AND METHODOLOGY Link To Code Below Under Related Ideas
NASDAQ:AAPLEducation
by ChrisMoody
34