About meI do not do freelancing. Please do not come to me to code your ideas. All protected and invite only scripts are published as such for a reason. Please do not request source code for them. I am not a trading coach. Please do not ask me for trading advice.
In this video, I have explained following things:
1. What is a filter indicator and how it can be used
2. Example demonstration of Relative Bandwidth Filter to define trade no-trade zones based on volatility.
3. How to use filters along with Auto Harmonic Pattern UltimateX or any other script which follows similar design for external filters.
I just made this video because, this question came up many times in Pine QA. In this video we are trying to load default Bollinger Band indicator from Tradingview and convert it into strategy.
Below are the steps
Load the indicator on chart
Click on source code (curly brackets next to indicator title) to load the code into your pine...
There are two contracting triangles on the chart. Both broken downside. Now, lets see the historical results of trades based on contracting triangles on bearish side for BTC on daily chart
Based on this,
Probability of price reaching 25300 before hitting 42700 is 30-33%
Risk reward for the bearish side is ...
I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope
1. Indicator components
2. Detailed settings
3. Few key features
4. Info about trading different patterns included
I could not cover alerts in the video due to time constraints. But, alerts is same as that of ...
Purely experimental. Trying to derive few patterns programmatically and happened to notice this!!
Also, the ending diagonal waves appear towards the end of wave5. Does it mean, SPY going to retrace after hitting ATH!! Will wait and see.
Regular deep pullbacks and recover to ATH
Consistency in number of days to reclaim ATH and extension to new ATH.
Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence.
Lastly, clear double bottom and broken neck line.
Brief glance on historical deep drawdowns and recovery timelines to ATH from BABA. Recovery time is generally slower and took 1.5 to 2 times more than going down.
Conclusion: Don't be in hurry to buy the dip. There will be enough time for recovery. Wait for better confirmations.
Making this video on setting alert in the invite only scripts
For value placeholders, please visit the description and updates done in 11th and 12th Feb for Harmonic Pattern scripts. And 20th Feb for Auto...
This is a story about how exponential increase in Nickel's price negatively impacted a fundamentally strong nickel mining company and without any fault from the company itself!!.
⬜ Little bit of background
We all know that commodity prices are skyrocketing due to Russia-Ukraine tensions and in the fear of sanctions on Russia. Russia has major market share in...
I have been asked by few in comments and personally to post fundamental analysis of few other companies in similar way as that of FB and PYPL (as per linked ideas). Since, I will not be able to take all the requests, I thought I will make a video explaining how to do it yourself :)
⬜ Following things are discussed in the video
Very similar to yesterday's post on PYPL. Similar methodology and tools used.
Disclaimer: I do not hold FB and may not hold going forward as well. Massive price drop on earnings prompted me to dig a little more and do this analysis. All the methods are derived from free and open source scripts aimed at finding statistical and fundamental edge.
Point of this...
! Disclaimer: I do not hold any PYPL and may not hold them going forward as well. But, 17% drop over earnings got my interest into having a look into fundamentals. Please note all the analysis done here are derived from the scripts I have written - all of them are open source and free to use.
Let's dig deeper.
News items highlights poor earnings and...
Daily Chart - Bullish Sentiment
Broken declining pivot high trendline
Bullish Gartley pattern setup - but already have run up to target 1
Hourly Chart - Mildly bearish sentiment
Seems to be rejecting under horizontal resistance
High volume on previous extreme candle - may signify...
Unhealthy trend over past two years
Bearish sentiment over increase in interest rate
Just above a critical support area
In potential reversal zone
Too much bearish sentiment and possible exhaustion
If drops below 15000, can slip another 1k
close above 15350 either today or tomorrow...
Really interesting scenario where hourly timeframe has complete opposite trend of daily
If you look at hourly chart,
Clear visible downtrend channel
Price is just below upper trendline of downtrend channel
Multiple bearish patterns suggesting downward price movement
If you look at daily chart,
Clear visible uptrend channel
Price just above lower...