** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Note
(1h chart) I will explain the MRHAB-O indicator set in the chart.
Indicators that indicate highs: RSI 80, +100, High Indicators that indicate lows: RSI 20, -100, Low
So, in the normal case, the indicators showing the highs are displayed in order, followed by the indicators indicating the lows in that order.
However, if you look at the current chart, the High and Low indicators are swapped, so Low is displayed above High.
When this occurs at the +100 and -100 indicators and the RSI 80 and RSI 20 indicators, the price will rise.
Currently, the RSI 80 point is moved from 43815.11 to 44865.46, and it is showing a sideways movement in the section 43815.11-44865.46.
Therefore, I think we have created a space where we can rise further.
Therefore, sooner or later, it will break out of the 43815.11-44865.46 zone and show volatility.
Note
The direction in which the next week's candlestick closes is expected to play an important role in determining the trend.
Sections A and B are in similar positions. Since section B is located in a higher price range than section A, if it rises to section 46487.52-49266.69, I think it is highly likely to show a big uptrend.
It is expected to rise to the section 79837.53-88175.03.
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