Welcome to the coffee shop everyone. This is your host and Barista Eric. This podcast is designed to teach you The right and wrong way to get in and out of your trades because I'm not just going to tell you the right way, I'll also show you the things that you should not do. It's also a platform where I can release my versions of popular indicators. I'll show you how to use them and of course from time to time I will call out really bad strategies because I don't want you guys to have that information. feel free to share this content anywhere you choose online and of course do not fall for scams because I will not contact you for any type of currencies lending or any financial help in any way online. That being said, if you see me on the street and you want to give me a dollar all the power to you I'll be more than happy to accept it.
Also don't get worried if I do send you a message it's usually just a thank you for starting to follow me because everyone that follows me I do have to follow them back so that I can see what you have going on.
All that being said in today's video I am going to show you how to draw trend lines and channels using the support and resistance Indications in Heikin Ashi Algo Oscillator. Now you may not have this oscillator on your charts yet but for now you can use the CSC-HARSI.
here is a link to get that from tradingview and add it to your chart
So let's go to Tradingview and open it up on your desktop or on your phone. go to the indicators tab type in coffee shop crypto there you will find only one indicator called the CoffeeshopCrypto HARSI 2022 Go ahead and add that to your chart and make sure it's added to your favorites Now in its default settings that should work just fine for you because the default settings allow you to use the VWAP as a moving average against your RSI.
This particular tutorial I'm picking off the resistance indication that came up and then it was followed by several support indications. This simply means that resistance was going against your price the Bears were pushing against the Bulls so prices moved up and met resistance and it was being pushed back down.
Take care to watch the whole video for the strategy on how to use this with Trend Lines.
SURPRISE. I am releasing the Heikin Ashi Algo OScillator later today as is. And you can use it with some of the indications that are available. I think it's time I release it and stop trying to be so perfect with it. It will have the S/R/ levels Aerts to exit your short or long position Range signals - To tell you when you have entered into a RANGE Bulls / Bears Rejection Signals - Letting you know its a STRONG rejection of the current bullish or bearish trend. Double Stochastic Strategy - A video will be created on how to use this on a later date. I'm also leaving the double stack castic strategy in there but you may not know how to use it just yet and I will create a video on that on a later date so in the meantime when you see it you could just turn it off if you want to. Alerts for Exit Short and Exit Long - these messages will be sent to your phone, email and desktop to let you know you should exit your current trade of Long or Short.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.