Indicators that can identify trends: MS-Signal indicator
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(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.
---------------------------------
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)
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.
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/