EURNZD TRADE ideaPossible EURNZD trade scenarios
Enter with Ltf confirmation.
For Direct 4hr zone entry manage risk.
Manage risk 1:2-3 RR .
Indicator based SMC approach.
Follow and like for more setups .
Indicatorstrategy
📜 XRP - The Next Ideal Location to BuyThe ultraTrend indicator has consistently identified a strong support zone in the past, and I'm inclined to trust it once again this time. It's proven reliability makes it a reliable tool for decision-making in the market.
November 24, 2023- USDCAD SELL TradeRR: 1:6.6
Daily Structure is Bearish because of the 1D( supply zone 1.38880) , upon checking lower timeframe i saw a clear manipulation of highs and BOS to the downside starting from London to N.Y session last nov 23, so i set a pending order in my mt5 to anticipate the sell trade. After waiting for several hours, the trade was confirmed because of validity (check charts for full detail and clear annotation).
from Daily---> down to 4H----> to 1H structure then set pending order using POI of 15 min TF.
A clear wyckoff distribution takes place here.
another great week :)
Bitcoin 4H RSI OVERBOUGHT BEARISH DIVERGENCEBitcoin Price Analysis:
As of the latest available data, Bitcoin (BTC) has reached a local high at $35,280. This level has acted as a significant resistance point in the recent price history. If Bitcoin is unable to break above this resistance, it could potentially signify a short-term top. This is an important level to watch as it may signal a reversal or consolidation in the price movement.
4-Hour RSI Overbought Bearish Divergence:
The 4-hour RSI is a technical indicator that measures the momentum of the price. An RSI value above 70 is often considered overbought, indicating that the asset might be due for a pullback or correction. However, it's important to note that overbought conditions can persist in strong bullish trends.
The bearish divergence occurs when the price makes a higher high, while the RSI makes a lower high. This can be a sign that the current uptrend is losing momentum, and a reversal might be on the horizon.
Given the combination of the price reaching a significant resistance level and the 4-hour RSI showing signs of overbought bearish divergence, traders should exercise caution and consider potential short-term downside risk. This does not necessarily mean that a major trend reversal is imminent, but it could indicate that a pullback or consolidation phase may be in store.
#BTC CAN WE BREAK $27650?!?!?🤓
Now is the time to see how strong Bulls are guys.
Or we break it hard for a huge rally to FWB:42K or rejected and drop to $20k.
1st Pine Script Lesson: Coding an Indicator - Bollinger Band
Welcome to this lesson on Trading View, where we will be learning how to create a Bollinger Band indicator using Pine Script.
Bollinger Bands are a popular tool that helps measure an asset's volatility and identify potential trends in price movement. Essentially, the indicator consists of three lines: a middle line that's a simple moving average (SMA), and an upper and lower band that are two standard deviations away from the SMA. The upper band represents the overbought level, meaning the price of the asset is considered high and may be due for a correction. The lower band represents the oversold level, meaning the price is considered low and may be due for a rebound.
Pine Script is a programming language specifically used for creating custom indicators and strategies on Trading View. It's a powerful tool that allows traders to customize their technical analysis to fit their special trading needs and gain deeper insights into the markets..
In this lesson, we'll be taking a hands-on approach to learning. We'll walk through each step of creating our own Bollinger Band indicator using Pine Script, with the goal of helping you gain confidence in your ability to customize and create indicators that meet your unique trading needs. So, grab a cup of coffee and let's get started!
Step 1: Set up a new chart
Let‘s set up a new clean chart to work with for this example. You will find the menu to manage your layouts on the top right of the TradingView screen.
a) add a new layout
b) rename it to „Mizar Example“
c) select BTCUSDT from Binance
d) set the time frame to 1 hour
e) clean the screen (closing the Volume indicator)
f) save it
Step 2: Coding an indicator
Let‘s code our new indicator („Mizar-Killer-Long-Approach“)and make the possible entry moments visible on the chart. You will find the Pine Editor on the bottom left of the TradingView screen.
a) open the Pine Editor
b) use „Open“ in the Pine Editor menu bar
c) use the item: create a new indicator
d) let‘s use full screen for a better overview use the three dots on the right end of the Pine Editor menu bar and open the script in a separate new browser tab
e) rename it to “Mikilap“ by clicking on the current name
f) save it
Step 3: Coding an indicator
Let‘s start coding Our target:
1. create an own new indicator: Mikilap, which bases in general on RSI and Bollinger Band
2. define the parameter for Mikilap, to select the long entries
3. show the long entries on the chart by - putting a label below the bar - change the background color of the timeframe for the bar on the chart
Initiation/Generals
• Indicator initiation
//Indicator script initiation
indicator(title = "Mizar-Killer-Long-Approach", shorttitle = "Mikilap", overlay = true, max_labels_count = 300)
indicator = Pine keyword for an indicator script
title = Long form of the name
short title = Short form of the name as shown on the chart
overlay = true: output like labels, boxes, … are shown on the chart
false: output like plots, … are shown in a separate pane
• General variables and input
// Coin Pair with PREFIX
// Bitcoin / USDT on Binance as an example / standard value on an 60 minutes = 1-hour timeframe
string symbol_full = input.symbol(defval = "BINANCE:BTCUSDT", title = "Select Pair:", group = "General")
string time_frame = input.string(defval = "60", title = "Timeframe:", tooltip = "Value in minutes, so 1 hour = 60", group = "General")
Using the input type of a variable allows you to change this setting in the setup on the chart without changing the Pine Script code.
Framework Code on Main Level
• Framework code on the main level around the indicator calculation function
// Defintion of a Pine Script individual function to handle the Request and avoid Repainting Errors
Function_Mikilap(simple string coinpair, simple string tf_to_use) =>
int function_result = 0
// placeholder for indicator calculations
function_result
// Calling the Milky Way function to start the calculation
int indi_value = Function_Mikilap(symbol_full, time_frame)
Output on the chart - Part 1
// Output on the chart
// Part 1 - plotting a Bollinger Band for the active CoinPair on the chart
int length = input.int(defval = 21, title = "BB Length:", group = "Bollinger Band Setting")
src = input(defval = close, title="BB Source", group = "Bollinger Band Setting")
float mult = input.float(defval = 2.0, title="BB Standard-Deviation", group = "Bollinger Band Setting")
upper_band = ta.sma(src, length) + (mult * ta.stdev(src, length))
lower_band = ta.sma(src, length) - (mult * ta.stdev(src, length))
upper = plot(upper_band, "BB Upper", color=#faffaf)
lower = plot(lower_band, "BB Lower", color=#faffaf)
fill(upper, lower, title = "BB Background", color=color.rgb(245, 245, 80, 80))
Done for today!
• Let‘s save our current script and take a look if we see our Bollinger Band plotted on the chart.
• Step 1: Save (top right)
• Step 2: check in the compiling section, that there are no errors (separate pane below the code)
• Step 3: go to the Mizar Example chart and add an Indicator
How does it look now?
You will see the Bollinger Band as a yellow area around the candles. By pressing the „Settings“ button behind the name of our indicator, the menu for Mikilap will open and you can adjust all the settings we have done with input type variables.
Congrats if you‘ve made it until here! Get prepared for the next lesson, where we will continue with the indicator/entry logic.
AMZN Short Position- Price below the 200 MA, confirming the general downtrend.
- Possible formation of descending triangle.
- Demand for the asset is weakening (see volume, RSI and OBV indicators).
When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns.
WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
📊 Best Beginner Technical IndicatorsTechnical indicators are mathematical calculations based on an asset's price and/or volume that are used to analyze market trends and identify potential trading opportunities.
📍Trend indicators:
These indicators are used to identify the direction of the market's trend over a given time period. Some popular trend indicators include moving averages, trendlines, and the Average Directional Index (ADX).
📍Relative strength indicators:
These indicators compare the strength of a security's price action to the strength of a market index or another security. They are often used to identify potential buying or selling opportunities based on whether a security is overbought or oversold. Examples of relative strength indicators include the Relative Strength Index (RSI) and the Stochastic oscillator.
📍Momentum indicators:
These indicators measure the rate of change in a security's price over a given time period. They can be used to identify potential trend reversals or confirm the strength of a current trend. Examples of momentum indicators include the Moving Average Convergence Divergence (MACD) and the Rate of Change (ROC).
📍Volume indicators:
These indicators measure the trading volume of a security over a given time period. They can be used to confirm the strength of a trend or identify potential trend reversals. Examples of volume indicators include the Chaikin Oscillator and On-Balance Volume (OBV).
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
EURUSD :: 24hr Directional PredictionSo this is my prediction, made by taking all the relevant facts and figures from several indicators as well as a simple BBands strategy.
(If your interested in this setup - I have made a script available which I posted yesterday I think it was.)
And now we wait......
Perfect BBands Strateg. w/ Indic. SetupThis one is for anybody looking to try a new consistently solid strategy with multiple intuitive indicators setup that is not automated - yet.
But, since the strategy part of this setup relies mostly on a simple but effective BBands strategy (I've found best results with 15m), it shouldn't be that hard to get automation setup.
As it is now, the indicators included in this setup work perfectly together to give even beginner traders a rather good idea of where the trend is going and when to enter/exit their trades.
This is a great setup for those using a free TV account since it combines certain indicators together by making use of the Pine Editor. So technically, only 3 indicators/strategies are used. In this case, 2 indicators and 1 strategy.
All features of the indicators combined in terms of being able to adjust settings for each can still be fine tuned and have not been negatively impacted by the merging of multiple indicators.
If you like this setup or have any suggestions to improve it, please let me know and if you consider testing this out with automation - send me a private message and let's discuss it.
Bollinger Bands Strategy+ 3x IndicatorsSo I've taken the Lorentzian Machine Learning indicator as well as 2 other support/resistance + supply/demand indicators and added a Bollinger Band strategy to the Machine learning indicator which is now a combination of the Machine Learning indicator and Bollinger strategy and uses the same settings panel to dial in the merged strategy/indicator tool which is now called Machine Learning *Strategy* and not Machine Learning *Indicator.*
So far this setup has been working wonders for me. As long as you keep your SL and TP's in order which is made pretty clear by the 2x 'Zones' indicators, you can't really go wrong with this setup. Just keep in mind that this is not financial advice and I am not a professional in finance or anything of that kind so make sure you always do your own homework before placing any trades. This video is me, just a guy enjoying the trading tools made available on TeamViewer, sharing some ideas on the tools I have been enjoying.
Hope this video was interesting to a few traders out there. Let me know if you have any Q's and I'll try answer them as best I can.
The nervousness of BTC patternsAs we can see, there is no signal of going short or long, yet we can still open a test position for long with no Leverage until it breaks the $23,300k.
There is a lot of Bearish power grasping bull's force, a quadruple top is really weird to happen.
The Ichimoku cloud might seem to be Bull, but the way exposed it is showing the bull's tiredness.
Remember the average per month of BTC to go max is $2,5k if we want BTC at tops with approximate $55k this year, so it is still fighting back and forth: really good swings by the way.
Nifty trading strategyHow to trade from now?
Nifty Buying only = above 17745.
Nifty Selling only = below 17723.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty swing trading strategyHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty swing trading strategyHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty short and long strategyHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty buying and selling levelsHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty long and short levelsHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty buying and selling levelsHow to trade from now?
Nifty Buying only = above 18243.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty buying and selling strategyHow to trade from now?
Nifty Buying only = above 18243.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty long and short strategyHow to trade from now?
Nifty Buying only = above 18243.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty long and short strategyNifty Buying only = above 18302.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
