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Trend

RSI as a Trend ToolMost people use the RSI as a momentum indicator, trying to find Overbought/Oversold (OBOS) conditions, and/or divergences. However there is also a way to use it as a Trend Tool. There is a mathematical relationship that connects the RSI and EMA's. The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x) i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28) This one of the properties of the RSI, which I discovered when taking a more indept look into momentum indicators, which ultimately led to the discovery of the MACD-v in 2014/2015 The MACD-v was then publicly disclosed in 2022, in the form of a a paper called "MACD-v: Volatility Normalised Momentum", which was awarded: It has won 2 International Awards: 1. The “Founders Award” (2022), for advances in Active Investment Management from the National Association of Active Investment Managars (NAAIM) 2. The “Charles H. Dow Award” (2022) for outstanding research in Technical Analysis, from the Chartered Market Technicians Association (CMTA)
CME_MINI:ES1!Education
by AlexSpiroglou
BTC - Correction Phase Started 📉📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below $70,000 , BTC started the bearish correction phase. As long as the $70,000 resistance holds, we anticipate a movement towards the lower bound of the red wedge pattern. Moreover, the $60,000 - $62,000 range is a massive support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. 📚 As per my trading style: As #BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
Bitcoin can make small correction and then continue to riseHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago fell to the buyer zone, which coincided with the support level, but at once rebounded and started to move up. But soon, BTC made a correction to the 61400 level and after this, the price made a strong upward impulse to 68500 points, but at once made a correction again. After correction price tried to rise one more time, but BTC turned around and in a short time declined to 59000 points, thereby breaking the 61400 level. As well later, the price started to trades in an upward wedge, where BTC turned around from 59000 points and made a strong upward impulse, breaking the 61400 level one more time. After this price continued to move up some time more, after which the price made a correction to support line of the wedge. Then BTC rebounded up to the current support level, which coincided with the support area, and even entered this area and reached the resistance line. Soon price bounced back to the support line, but recently BTC backed up to the support area, and now the price trades even higher this zone. So, I think Bitcoin can make a correction to the support area, after which the price will turn around and continue to move up to the resistance line. Therefore I set my target at the 75000 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5