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My favorite and recommended Indicator introduction PART ONEGreetings, this post is to introduce some of my favorite indicator that i have used during the invesment strategy, also to thank for your following and supporting. I decided to publish these indicator in free. I choose some suitable indicator and combine them together to show you their accuracy and practicality. I hope these indicators may help to improve your investment strategy and gain the profit more steady. ======================================================================= Kindly Reminder : All of the indicators must have to be tested multiple times before you use them in your investment strategy, to prove their effectiveness and praticality for yourself. Not recommend to use these indicators directly to your investment strategy before test. None of the indicators have absolutely accuracy in trend studying, do not put 100% trust to any indicators, but always observe the change of trend and market enviroment. Please be responsible to your own investment behaviour. Thank you. ======================================================================== --------------------------------------------------------------------------------------------------------- ( 1 ) UCS_TOP & BOTTOM CANDLE This indicator quite similar as MACD but a different indicator. Red colour at the top, means uptrend; Green colour at the bottom, means downtrend. Beyond the red area means overbought, below the green part means oversold. The yellow bar in the middle means the strenght of buying and selling, more longer means the strength is more stonger. You will see some of the candle sticks in the chart turn green colour, it shows you the candle that is turn signal of up trend and downtrend. When the blue line and red line cross over and the blue line above red line, that is uptrend. Red line above blue line and go down, is down trend. My favorite level :★★★★☆ Pratical level :★★★★☆ My comments : You can easily to catch the moment to buy in and sell out. Maybe it will be at least one day delay but still majority accurate to the trend. However, if you want to use it for the Index trend like Hang Seng Index, SPX500, Bursa Malaysia or etc, the accuracy of the trend could probably only 65% and is NOT RECOMMENDED to use this indicator alone to the Index trend. You may see the result by my Hang Seng Index Chart You have to combine more indicator with it to increase its accuracy. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. But, it is still a nice indicator for the steady trend and common share trending. --------------------------------------------------------------------------------------------------------- ( 2 ) SSL_HYBRID There is a thick line divided into red and blue colour. This is EMA (Expontential Moving Average) of the trend. Above the EMA, the candle stick and the part of the EMA will turn into blue colour, to show uptrend. Below the EMA, the candle stick and the part of the EMA will turn into red colour, to show downtrend. Middle of the EMA, the candle stick and the part of the EMA will turn into grey colour (mix by red and blue) means the trend is unknown or will be changed to uptrend or downtrend. You will see red arrow and blue arrow. When the candle stick and EMA appear to be uptrend signal, the blue arrow will appear at the bottom of the candle stick. When the candle stick and EMA appear to be downtrend signal, the red arrow will appear at the top of the candle stick. My favorite level :★★★★★ Pratical level :★★★★☆ My comments : This indicator is suitable to combine with the (1) indicator and is easily to be read and catch the trend easily. The accuracy will increase to 5 STARS if it combined with other indicator. Maybe at least one day delay. There are not too many shortcomings, a lot of testing is required. Suitable for the Index trend reading. --------------------------------------------------------------------------------------------------------- ( 3 ) SSL-CROSSOVER Same as (2) for the trend reading, red cloud part means downtrend, green cloud part means up trend. When the available buy in or sell out point appear, below or above the candle stick will appear a cross shape signal. But this indicator has a special function is that, when it confirms the trend is available to buy in or sell out, it will appear a word signal (buy@open) and (sell@open) above and below the available candle stick. This will help you to have a further confirm of the trend changing and the timing to buy in and sell out. My favorite level :★★★★☆ Pratical level :★★★☆☆ My comments : You may combine this indicator with (2) or other indicators, to help you confirm the timing of buy in and sell out.May increase accurancy by combining it with other indicator. However, the cross shape signal will delay one or two day to appear, and after confirm the availabel of the trend, the word signal will only appear after the cross shape signal. But if you have enough confidence for the cross shape signal only, you may decide to buy in or sell out before the word signal come out. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. You may see the result in my Hang Seng Index Therefore, i recommend to combine this indicator with others in pratical, and need a lot testing before you apply it in your investment strategy. ================================================================== This is my first part of indicator introduction, i hope have other chance to share more indicators with you again. Wish you have a nice day. ====================================================================
TVC:HSIEducation
by lsking0425
3
TLRY - Daily with Fib Ext, SSL, and moreTLRY - Daily with Fib Ext, SSL, and more Going with a new setup moving forward. Will be using the: ADX indicator for strength, the DMI/Stochastic for confirmations on trends and overbought/oversold, a new WAE indicator by Lazy Bear, and this SSL Off Chart indicator. I am trying to confirm "whats potentially coming" since I primarily play options and after spending two full days researching it seems like these indicators work really well together and when you add in the fib extensions it gives a really good picture of what "might" be coming. NO POSITION
NASDAQ:TLRYLong
by BradWeber82
EURCAD, LongGooood morning ladies & gents, EURCAD has moved down into our Buy Zone. Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710. Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position. If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below. Let's see what price delivers now. Best of luck, -AmplaFX
Long
by Jiraiya_eth
GBPJPY, ShortGoood afternoon ladies & gents, GJ has presented us with a bearish sell structure on the M15 chart after hunting past the weekly area of buy-side liquidity. Looking for a 1:13 RR trade down to the H4 Propulsion Block with further room for downside. Disclaimer: This is just an opinion, not trading advice. Do your own research & trade at your own risk. Remember to manage your risk well by never exceeding 3% risk any given trade. Best of luck. I'll post updates on here.
Short
by Jiraiya_eth
WHERE DO WE STAND WITH GBPUSD??I felt like posting this so that some of the traders on here can see where we are in terms of the quarters of the year. Its important to see this because around yearly, monthly, weekly, and daily highs and lows those prices are sensitive! We can see that the market ran out the high that was created in the beginning of the first quarter and dropped. As of now. I have my bias for GU for this upcoming week I will post it in a few moments. I recommend traders mark up there charts like this it's helpful to know where you stand in terms of quarters and so on. Enjoy.
by JohnnWick
2