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How to use HA-Low and HA-High indicatorsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSD chart) The HA-Low and HA-High indicators are paired indicators. When supported by the HA-Low indicator, it corresponds to the time to buy, and when it rises to the vicinity of the HA-High indicator, it corresponds to the time to sell. This is a basic principle of indicator design. The HA-Low and HA-High indicators are indicators created for trading, so you can trade based on whether you are supported or resisted by these indicators. In addition to the basic design mentioned above, support in each indicator, HA-Low and HA-High, corresponds to the time to buy, and resistance corresponds to the time to sell. The basic design method is less psychologically burdensome, so it is easier than conducting transactions. When you try to buy because it shows support in the HA-High indicator, it is likely to be a point near the recent high, so you actually have a psychological burden. Therefore, for mechanical trading, it is best to choose a method of buying when supported near the HA-Low indicator and selling when it rises near the HA-High indicator as the basic design method. Both HA-Low and HA-High indicators exist on each time frame chart. Therefore, you can proceed with trading by looking at the time frame chart corresponding to the investment period according to your investment style. The length of the horizontal line on the HA-Low and HA-High indicators will tell you if the current trend is up or down. If the horizontal line of the HA-Low indicator is longer than the horizontal line of the HA-High indicator (HA-Low > HA-High), then the trend is likely to be up. In the opposite case (HA-Low < HA-High ), it is likely to be in a downtrend. Therefore, if you look at the 1M chart, you can interpret it as an overall downtrend. On the other hand, if you look at the 1W chart, you can interpret it as an all-out upward trend. Since it is judged to be in an upward trend on the 1W chart, what matters now is whether the HA-High indicator on the 1M chart falls and the length of the horizontal line becomes shorter than the HA-Low indicator. Therefore, from a long-term perspective, the time to buy in earnest is when the HA-High indicator on the 1M chart declines and shows support at the point where it was created. Looking at the relationship between the HA-Low and HA-High indicators on the 1D chart, it can be interpreted that there is a downward trend because the horizontal line of the falling HA-High indicator is longer than the horizontal line of the HA-Low indicator (HA-Low < HA-High). there is. Therefore, in order to turn into an uptrend, the HA-High indicator on the 1D chart must be moved and created. If not, even if it rises above 30215.26, the current HA-High indicator point on the 1D chart, the phenomenon of moving the HA-High indicator by shaking it up and down will eventually appear. This is a necessary move to sustain the uptrend, as it is inevitable. This concludes the method of trading using the HA-Low and HA-High indicators that I have been talking about for several months. Regardless of which indicator is used, the most important thing is how long the movement has been confirmed, so the reliability of the indicator can be obtained. Therefore, no matter which indicator is used to create a trading strategy, a long period of confirmation work must be done to suit the key interpretation method of that indicator. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
2
HIGH/BTC - High Gain: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $HIGH / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00009132 | 0.00010714 | 0.00013144, and the major support zones can be found at 0.00006702 | 0.00005854 | 0.00003424. Consider entering a trade at the current price zone of 0.00007532 and targeting higher levels. ◰◲ General info : ▣ Name: High Gain ▣ Rank: None ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: High Gain project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00007532 ₿ ▣ 24HVol: 2.944 ₿ ▣ 24H Chng: 7.293% ▣ 7-Days Chng: -5.27% ▣ 1-Month Chng: -28.91% ▣ 3-Months Chng: 120.47% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00009132 | 0.00010714 | 0.00013144 ◢ Support: 0.00006702 | 0.00005854 | 0.00003424 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.44 ▣ Last 90D: 1.97 ▣ Last 1-Y: -0.07 ▣ Last 3-Y: -0.50 ◲◰ Volatility : ▣ Last 30D: 1.49 ▣ Last 90D: 2.80 ▣ Last 1-Y: 1.75 ▣ Last 3-Y: 1.92 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.57 - Bullish ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth HIGHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF