dgtrd

Technical Analyst by DGT

Who needs a Technical Analyst?

yes I can hear someone is asking for, and here is one that can help you with technical analysis
The analyst will present a technical anlaysis report at a glance calculated by the most popular technical indicators, and the good part, the anlayst will do it voluntarily

technical skills of the analyst:
- experienced an all markets
- ability to interpret moving averages
- ability to interpret volume changes
- ability to interpret trend folowing indicators such as:
* directional movement index (dmi), identify trend strength and trend direction
* complex ichimoku cloud , identify trend stregth, and tk crosses
- ability to interpret oscillators such as:
* relative strength index , identify oversold overbought levels, identify the rsi flow
* commodity channel index , identify oversold overbought levels
* awesome identify if grawing or falling
* macd if bullish or bearish , and macd histogram if grawing or falling
- ability to calculate probability and its trend

- non-stop hardworker,
- available 7/24,
- highly dedicated always on duty,
- open for new ideas and willing to learn

- upon request the analyst will create reports with custom settings of your choise

the analyst is not a decition maker, trading success is all about following your trading strategy and the analyst aims to help with the presented reports calculated by the most popular technical indicators

the analyst supports 9 of the popular technical indicators and is willing to learn more, please share your comments and feedbacks and help the analyst improve skills

cheers!

Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Release Notes: correction : MACD : Signal Smoothing Length corrected
Release Notes: typo
Release Notes: another typo correction
Release Notes: quick update : narrowed the report view by summarizing possible outcome for each indicator in a single line
enhanced outcomes of macd and awesome oscillators
Release Notes: the analyst is becoming more skilled, and now the analyst is reporting when the last cross occurred for the technical indicators where the crosses are of importance

crosses are the most common signals produced by technical indicators, and can signify a potentially strong move. the strength of the move is a key factor to identify whether the crosses are potentially strong moves or are false signals

example of crosses
• golden cross : when ma50 crosses ma200
• macd cross : when signal line crosses macd line
• tk cross : when conversion line (tenkan-sen) crosses base line (kijun-sen) of ichimoku cloud
• so on

cheers!
Release Notes: Commodity Channel Index (CCI) removed from the report and instead Stochastic Oscillator (STOCH) added
Release Notes: minor update : the analyst is now plotting lables 5 bars ahead of the price
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Comments

Can we have a label system similar to how it is in your psychology indicator? Where when the cursor hovers over the label all this info pops up and otherwise label only shows "probability line"?
Reply
Hello @Owl,
I have tried it but the window width of tooltip (pop up label) is fixed with limited size. I have tried to limit the information displayed but yet the size was not enough, and even it is not possible to scroll up or down in the pop up label which prevents me to display all the information i aimed to display.
Probably i shall report this to TV team as an enchacment request.

I may try to display summary on the top label and details in pop up label

btw, the probability line is not calculated as a result of the other displayed indicators, it is a separate indicator displaying prior probability
Reply
Owl dgtrd
@dgtrd, Yes, please do. It would be of great help. Also, if possible move that label to little further away from the price as it is quite intruding. Just a suggestion.
Reply
Hi @Owl, for your info, the analyst is now plotting the report lable 5 bars ahead of the price

for summary display, window width of tooltip limits me to present the data in a meaningfull order, if I have an update I will notify you
+1 Reply
Owl dgtrd
@dgtrd, Thank you very much ^^
Reply
sir how to lern technical analysis
Reply
dgtrd sathyadev059
Hi @sathyadev059,

technical analysis covers a wide range of topics, it is a trading discipline to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activities. technical analysis seeks to predict price movements by analyzing historical price movements, candlestick and chart patterns, volume and momentum indicators, oscillators, moving averages, support and resistance levels etc

so how you shall start (high level)
First, you need to gain a fundamental understanding of the core concepts. there are plenty of good stuff on youtube, also you may consider books or courses

After getting understanding of the core concepts, to develop your skills you shall apply them in practice through backtesting, using a demo account is suggested

Finally, you need to develop a disciplined strategy(trading system) with proper risk management that you can follow without letting emotions get in the way

Important note: it's important to understand and practice your strategy before committing real capital to avoid costly mistakes.

Please also look at the an educational contend published by @DLavrov , i like his observations

Reply
dear sir, do you have higher high lower low indicator
Reply
dgtrd sudharsonraman
dear @sudharsonraman,

no, none of the ones that I published is addressing directly your request.
histograms of elliott wave oscillator signals and p-macd may give you idea for hh and ll
Reply
nice...
Reply
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