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Indicators

APEUSDTHello dear friends On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak. But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern. On lower timeframes, the drawn bearish scenario is very likely. However, if the range of $2.618 is maintained, the possibility of a bullish scenario will also be strengthened. We would be happy to hear your comments
by FiboTech
2
TRXUSDT TECHNICAL ANALYSIS$TRX launched in June 2018 and TRON value was $0,052, last ATH was $0,178. Tron has been lost value lower than when first launched. We haven't got any BUY signals from our robo advisor/ indicator @EngineeringRobo yet in daily chart. But we have got our first buy signal with MA20&50 then MA50. Also, the candles are already breakout down trend-line plus one candle opened-closed completely above down trend-line. It may an opportunities for buy then we may earn first of all 5% then 10%. Let's follow our chart closely and do not forgot the follow me. "NFA""
by ABSTOCKER
BTC/USD Sideway what can we plan?Hi everyone and Happy new years 2023 From Thailand. Wishing you happy and wealthy. Okay let talk about BTC, we surely BTC are in downtrend and now are sideway in downtrend after that no one know it will go to lower low or make reversal pattern but we can do trading by use Stochastic you see in Charts Stochastic quite affect in sideway, my advise is when Stochastic are Overbought and clash with resistant that are Shorts/Sell Signal and Stochastic are Oversold and clash with support that are Long/Buy Signal. However you have to follow closely because range movement of BTC it's so narrow, keep do risk management if ratio of risk/reward less 1:2 it's not worthy to take that position. That my idea hope you get some ideas to trade. Ps. Market always right and should not fight with market.
COINBASE:BTCUSD
by Nicehappy
XRPUSDT TECHNICAL ANALYSISThe Ripple $XRP has been lost over 85% since April 2021 and the candles are on the our downtrend-line. If one of the next coming candle open close completely above the downtrend-line, it may an opportunity to earn something. We haven't got buy signals from our robo advisor @EngineeringRobo yet in daily chart and still say us it is BEARISH for Ripple. MA almost cross each other and it may give us buy signal too in features. If you want to invest $1000 in Ripple, Do not invest your whole money right away in Ripple. First of all you need to invest of your half of the investment when we get Buy signals from @EngineeringRobo . Then invest 30% of your investment if we have 2 buy signals/open-close above the trend-line then you can invest rest of it if robo fully turn on bull. "NFA"
by ABSTOCKER
Tesla Drive Down Stronger Than COVID Crash Levels From 2020 Summary: Taking a look at Tesla compared to the COVID crash we saw in 2020. We are currently pushing harder down than during the previous crash. Rainbow Trends Signals: Machine Learning Reversion Bands - Approximate Same Level RSI Xs - Much hotter now than in 2020. Pink Xs are the highest level this tool prints. Pivots - No pivot in sight for 2022 compared 2020, support will be harder to find. Let us know if you have any questions!
NASDAQ:TSLALong
by RainbowRunner144
Triangle Holiday 🎉Hi all! 📉Analytics for the main asset BTC. Last week, the price updated the low of the week of December 12 and tested monthly support zone ($16,320), leaving also $16,500 and $16,740 interest zone. On timeframes below the daily, a triangle has formed with liquidity on both sides. Ideally, the price could fall to $16,780-$16,740 and continue its upward movement. I will consider other options when the price comes out of the apartment. Since exchanges are closed on holidays, I expect the triangle formation to continue until the CME futures open. 🌎USA, UK, Hong Kong, Canada, Switzerland, Australia - no auction ❗️ Not a recommendation, my subjective opinion
by mari_trade
TRXUSDT TECHNICAL ANALYSISTron $TRX has lost approximately 66% value since May 2021 till now. So many coin has lost over 90% and the TRON was trying to keep value stronger. We haven't got any buy signal from our robo advisor @EngineeringRobo yet but MA 20 & 50 has changed direction at the moment and it give us first buy signal. If the candle keep going stay green, first of all we may earn approximately 6% and our target might be our down trend-line. We are still on the bear market and if we use leverage, we may double our money. Let's follow up our chart closely and do not forget to follow me. "NFA"
by ABSTOCKER
1
100% profitable strategy to find lows of the marketIt all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot low. (green lines) Every time a candle falls down through a pivot low that has not been touched, you will see the 'Untested Low' buy signal on the open of the next candle. If you were to buy on the candle of the signal, it will either be the next pivot low or the candle after it, meaning this would be a profitable buy! You can even go down to lower timeframe to confirm entry with the same strategy. This untested low signal is what I will be looking for to indicate a long term buying entry in this current market. ** LINES AND SIGNALS CREATED BY THE HAZEL HERITAGE STRATEGY **
SP:SPXLong
by jeanius_tech
1
Understanding Indicators: How to use them in your TradingLots of Traders shove indicators on their chart to try and paint a clearer picture of the market, but is it really helpful? Well, only if you understand their true purpose, which is to gauge the market temperature. In other words, how extreme price is and how good a deal you are getting. Think of it like the weather. Sometimes its really hot (above average) sometimes its really cold (below average). Your job as a Trader is to judge the Market similarly. In this video, I break it all down with my thoughts on the current GBPUSD market. Trade Small And Trade Safe.
by WillSebastian
How to Choose the Right Indicator?Many traders, especially when starting out find themselves in a constant search of the best trading strategy. A quick Google search is enough to scare anyone starting out, as the number of indicators and strategies to use under different market conditions is overwhelming. 🗒In this article, we will discuss *1* indicators nature and the correct way to use it, *2* how to choose the right indicator, and most importantly *3* how to know if the indicator is reliable or not. --------------------------------------------------------------------------------------------------------------------- 📌 First, what are indicators? Origin and Nature Indicators are statistical tools that digest price data, OHLC of each candle, add a formula to it, and then convert it into visual information such as graphs or oscillators. Indicators provide information about the strength of a trend, momentum, and possible reversals. When it comes to indicators, we can divide them into four classes: Momentum indicators, Trend indicators, Volatility indicators, Volume Indicators. Knowing which one belongs to which category can help you make much better trading decisions. On the other hand, combining indicators in a wrong way can lead to a lot of confusion, wrong price interpretation, and, subsequently, to wrong trading decisions. 📌 The correct way to use indicators. Indicators don’t provide signals. Most traders never look at the indicators they are using and even less have ever tried to understand the formula the indicator uses to analyze price. They then use their indicators in the wrong context and wonder why nothing works. 🗒Indicators don’t tell you when to buy or when to sell. They don’t even tell you when something is overbought or oversold. Indicators are great tools if a trader understands their true purpose. Indicators provide information about price, how the price has moved, how candles have shaped, and how recent price action compares to historical price action. Again, not a direct signal to buy or sell. Thus, the job of a trader is to interpret the information on their indicators in a meaningful way and turn it into a story about price action and buying/selling pressure. Who is in control right now? Is the market ranging or trending? Is price losing strength or gaining momentum? 📌 How to choose the right indicator? That suits your trading style and personality ----------------------------------------------------------------------------- 📕 * Meaningful: Represents important information. ----------------------------------------------------------------------------- Your indicator choice should match your trading style. The purpose of indicators/strategies is to offer a way to identify clues and to provide a framework for traders to work in. Our main job, as traders, is to collect clues and combine them in a meaningful way to have an edge over the market. 🗒 Only add indicators that help you put the odds in your favor. -- If it doesn’t, you don’t need it. ----------------------------------------------------------------------------------------------------------- 📕 * Objective: Has a clear operational definition of what is being measured. ----------------------------------------------------------------------------------------------------------- Indicators are ideal for rule-based trading as indicators take out the guesswork by providing information that is totally objective especially for newbies who are struggling with discipline. The most successful strategies/indicators are those where not a lot of individual interpretation is required. 🗒 Only use indicators that help you make objective decisions. -- If it doesn’t, you don’t need it. ----------------------------------------------------------------------------------- 📕 * Understandable: Easy to comprehend and interpret. ----------------------------------------------------------------------------------- Indicators are great tools especially for amateurs who do not know how to relate price data into meaningful relationships. Indicators' main purpose is to make your life easier, not more sophisticated. 🗒 Remember: K.I.S.S. Keep it simple stupid! -- If it is complicated, you don’t need it. 📕 Last but not least, less is more: The problem with indicator redundancy is that when a trader picks multiple indicators that show the same information, he/she ends up giving too much weight to the information provided by the indicators. 🗒 “All Strategies / Indicators are good; if managed properly.” ~ Richard Nasr --------------------------------------------------------------------------------------------------------------------- 📌 How to know if the indicator is reliable? Cheat Sheet Checklist 📕 * Does it repaint, disappear or recalculate? We have all been there. An indicator looking good /profitable on the chart, but perform horribly under live market conditions. Most indicators are designed to only show/keep winning signals. Do not, ever, include an indicator in your trading plan before testing it on a demo account. 🗒 Here is a simple step by step guide on how to test indicators: - Attach your indicator to any chart. - Keep your trading platform running for a while for the indicator to plot a couple of signals. - Take a screenshot of the chart. - Refresh by switching between the timeframes. - Compare your chart with the screenshot If the indicator’s signals /drawings change location or disappear, then it is a red flag. Such indicators are not reliable and shouldn’t be used in any way. 📕 * Does it lag? In general, indicators are lagging, but so is price action. An indicator can only analyze what has happened already. Just as a candlestick or chart pattern only includes past price data. Nothing to worry about so far, as we mentioned above, indicators only provide information and do not offer signals. However, some indicators are too lagging. This kind of indicators looks good on historical data but appear too late under live market conditions. 🗒 Pro Tip: Always take into consideration when, where, and how does the signal appear. 📕 * Is it TradingView friendly? 90% of custom indicators do not work on TradingView, because PineScript does not allow recalculation. Thus, the signal/drawing can’t be modified once it is generated by the indicator. Therefore, indicators that are available on TradingView stand out from the crowd, and they are considered more reliable. --------------------------------------------------------------------------------------------------------------------- 📌 In brief, indicators are very famous tools and used by millions of traders. However, often traders don’t really know what their indicators are doing or how to use them. Always be aware of the objectives of your trading style and what you are trying to accomplish with the indicators. Then, adjust accordingly. Once a trader can stop using indicators as signal-tools, he will be able to transform his trading to new heights. Happy trading! Always follow your trading plan regarding entry, risk management, and trade management. ~Rich
Education
by TheSignalyst
42