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TRENDSTAR INDICATOR (Best on 5Min chart)Hi Everyone! I have created a new TradingView indicator for DAY TRADERS! The most important indication of trend in day trading is price action, all other indicators are lagging indicators! (BHAAV BHAGWAN CHE) However, price action and candlestick patterns can become misleading if seen on a blank chart. A day trader needs to identify levels where price action actually matters! INTRODUCING TRENDSTAR INDICATOR - A powerful tool for day traders to enhance their trading strategies and make more informed decisions at the right time during the day: - Works on Index and Large Caps. (only NSE) - Auto plots key levels daily at open. - Refined Buy/Sell signals. - The ZONE is used to identify trend and plots dynamic S/R area. (When the zone is blue - trend is bullish and bearish when its orange) ZONE can also act as a S/R area and can be used for short term (1-2 days) trades. - Works best in 5M time frame for that spot on DAY TRADE everyone is looking for BUT you have to be patient for the levels to be breached. - 1M/3M scalping works as well. - Can set alerts for breach of any of the levels. UNDERSTANDING THE LEVELS: Blue dotted line - Pivot for the day Green line - S/R level on the higher side (breakout can trigger fresh buys) Red line - S/R level on the lower side (breakdown can trigger fresh shorts) Purple line - the joker level of the day (on certain days it acts as an iron clad S/R level) Black dotted lines - Extreme S/R zones for the day. I am currently sharing this indicator on invite-only basis. DM me on twitter @techtrademusic for access. Best wishes, FIVSTA.
NSE:NIFTYEducation
by djsahiljoshi
Growth/Decline Index IndicatorAbout: The Growth/Decline Index is a "parabolic sar" based indicator that mainly has two functions. The first function is to display when price growth or price decline will occur by displaying increases or decreases of the GDI and inflection points. The second function is to rate a stock's performance based on how high or low the digits display the GDI. If the digits read positively, high values then the stock is expected to have growth, and if the digits read negatively, low values then the stock is expected to decline. Remember when looking at the GDI you want to look at both long (yearly) and short(daily) readings to get a better confirmation of trend. The GDI also has short(orange), medium(blue), long(red), readings. The reason why there are three readings is to try to pinpoint buy or selling signals to try to maximize profit. Here is an example of ticker MSFT. As you can see MSFT is reaching long values up to 19! That means that the stock is still in long term growth. Or how about PEGY having consistent negative values after 2021: No matter the stock GDI will always be there to help you identify trends, and stock rating. Want to trade short term? Easy, look at you short values and determine if they are increasing or decreasing. Be advised: Please stay in caution when reading the GDI. Be advised: The GDI is a new indicator and further behavior analysis such as concave up/down, inflection points, cross over points, divergence/convergence, and minimized/maximized points has to be taken into consideration in order to confirm more precise trends. Also remember that the GDI is a trend tracker and cannot pre identify sudden, large jumps or drops. -Recommendations/estimates values for buying: -15 and above values for short selling -15 and below What to look for: Good dips can be found when the medium (blue) line cross from the top downward to the long (red) line and short (orange line) is minimized. (Please keep a look for long term trends) Or when the short (orange) line has crossed from the top downward to both medium(blue) and long(red) lines. Remember that this may not be 100% of the case looking for convergence and divergence between the blue and red lines also helps as well as the stock rating and also checking for both long term and short-term readings. Good peaks can be found when the orange line has greatly exceeded the blue line and has peaked. (also looking at the trend of the blue line helps) More things can be added and modified to the GDI to make it a cutting-edge indicator. Have fun. :)
NASDAQ:BCAB
by nominder24752
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