Get started

Volume

understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator: **Components and Calculations:** 1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure. 2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is: \ A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow. 3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions. **Interpretation and Usage:** - **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum. - **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure. - **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend. **Visualization:** Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders. **Application:** This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points. **Example Implementation:** An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values. By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
NASDAQ:TSLALong
by Tradernawab
Volume Profile: Why I don't trail stops!Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS! I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. If it holds a GOOD level... it should hold it AGAIN! Just like these two did. You should never have to move your stop up from a Volume Profile level.
COINBASE:ETHUSDEducation
by norok
3
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd! Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation. Primary support is at ~$4.15 with the secondary major support at ~$2.77 secondary. If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range. As with anything with a lot of volatility, hang on to your seats!
NYSE:QBTSLong
by dzygadlo
Serve it Up to $18Liking the volume and the new price action in the last week as SERV is bouncing off the lower linear red trend line. would like to see $18 in the next month. This is a technical play not a fundamental one; however, Nvidia and Uber investments provide some cushion to the lofty valuation. Serve Robotics, a $500 million company developing autonomous delivery robots, has attracted investments from Uber and Nvidia, both holding over 20% of the company's shares. Their robots, offering cost-effective solutions for last-mile deliveries, are seen as more efficient than human drivers. Despite high growth, Serve has limited revenue and is currently unprofitable, with losses mounting. The company aims to deploy 2,000 robots by 2025 and expects a huge opportunity in the robot delivery sector, potentially worth $450 billion by 2030. However, its high valuation raises concerns for potential investors.
NASDAQ:SERVLong
by Audacity618
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
1
Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup . Key Observations 1. Market Cycle Phases: o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase. o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range. 2. Breakout Confirmation: o At the end of November/start of December, price broke out of the accumulation range. o A spike in volume supports the validity of the breakout, and the price has sustained its position above the resistance level for 7 consecutive days, signaling strong buying pressure. Trade Details • Position: Long • Entry: 0.13341 • Stop Loss: 0.11322 (15.13% risk) • Target: 0.22295 (67.12% potential return) • Risk-to-Reward Ratio: 4.43 Summary The breakout from the accumulation range, supported by volume and momentum, suggests a continuation of bullish activity. The setup offers a favorable risk-to-reward ratio for long trades. Careful monitoring of the stop-loss level is recommended to protect against potential retracements.
COINBASE:VELOUSDLong
by rudcharts
3
XAUUSD. Trading within the range.Hey traders and investors! I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart. A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855). There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range. Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
4
Technical Analysis of the Chart: Gold Spot/USD (XAU/USD)The provided chart shows a 1-hour timeframe of Gold Spot/USD (XAU/USD). Here's a detailed breakdown of the technical analysis with bullish and bearish scenarios, as well as potential entry and exit points: 1. Key Levels Identified Resistance Levels (Red Lines): $2,725.84 (Major resistance zone) $2,703.95 (Immediate resistance) Support Levels (Green Zones): $2,680.08 (Immediate support) $2,661.07 (Critical support zone) $2,624.09 (Major support zone) Volume Clusters: Large buy/sell volumes visible around $2,703.95 and $2,688.01, suggesting strong participation in these areas. Delta Volume: Highlighted delta volume of 169.12% at $2,688.01, indicating heavy bearish selling pressure at this level. 2. Indicators Observed Trend Indicators: Price is interacting with a downward sloping EMA/MA, indicating short-term bearish momentum. The green zone below suggests a strong support base around $2,661.07. Volume and Order Flow: Selling pressure has increased recently, visible with a large red cluster around $2,703.95. Buy volumes near $2,680.08 could indicate a potential accumulation zone. Price Action: A lower high formation after touching $2,703.95, signaling bearish sentiment. However, bullish wicks near the $2,680.08 zone suggest buyers are defending this level. 3. Bullish Scenario Potential for Upside Movement Triggers for Upside: A break and sustained close above the immediate resistance at $2,703.95 could signal bullish momentum. Continuation beyond $2,725.84 would confirm a broader bullish breakout. Entry Point: Aggressive Entry: Above $2,703.95 with confirmation via a bullish candle close. Conservative Entry: After a retest of $2,703.95 and a bounce higher. Target Levels: First Target: $2,715 - $2,725 (key resistance zone). Second Target: $2,740, a psychological resistance level. Stop Loss: Below the $2,680.08 support to protect against fakeouts. 4. Bearish Scenario Potential for Downside Movement Triggers for Downside: Failure to hold $2,680.08 support will open the door for further declines. A breakdown below $2,661.07 would signal increased bearish momentum. Entry Point: Aggressive Entry: Below $2,680.08 after a bearish candle close. Conservative Entry: On a retest of $2,680.08 as resistance after the breakdown. Target Levels: First Target: $2,661.07 (next support level). Second Target: $2,624.09, a major support zone. Stop Loss: Above the $2,688.01 zone to avoid invalidation from quick reversals. 5. Probable Scenarios Bullish Continuation: If price holds above $2,680.08, accumulation may occur, pushing price toward $2,703.95 or higher. Bearish Continuation: If price breaks below $2,680.08, selling could intensify, targeting $2,661.07 and $2,624.09. 6. Trading Plan: For Bulls: Look for signs of strength around $2,680.08, such as bullish engulfing candles or higher lows. Focus on entering above $2,703.95 for a continuation to $2,725 and beyond. For Bears: Watch for rejection candles at $2,703.95 or a breakdown below $2,680.08. Target the $2,661.07 level and trail profits if selling accelerates. 7. Conclusion The $2,680.08 level acts as the battleground between bulls and bears. Traders should wait for confirmation before entering, keeping stop losses tight to manage risk.
FX:XAUUSD
by ProspireWealth
CFDs on Silver: Fibonacci Buy & Sell StrategiesFXOPEN:XAGUSD AlexGoldHunter Technical Analysis Price Action and Key Levels Current Price: $31.8800 Swing High: $32.2000 Swing Low: $31.8800 Strong High: $32.4000 Strong Low: $31.6000 p1D Low: $31.4500 Fibonacci Levels 0.786: $32.4000 0.705: $32.2000 0.618: $31.8800 0.5: $31.7600 0.382: $31.6000 Volume Profile The volume profile indicates high trading activity around the $31.8800 level, suggesting strong interest and potential support/resistance. RSI (Relative Strength Index) Current RSI: 51.08 and 44.95, indicating neutral momentum. MACD (Moving Average Convergence Divergence) MACD Line: 0.0059 Signal Line: -0.0014 Histogram: -0.0073 (negative, indicating bearish momentum) Buy Strategy Confirmation 1: Look for a price bounce off the Strong Low ($31.6000) or Swing Low ($31.8800) with increased volume. Confirmation 2: RSI should be below 30 (oversold condition) and start to rise. Confirmation 3: MACD line should cross above the Signal line, indicating bullish momentum. Entry Point: Enter a buy position when the price confirms a bounce off the support level with the above confirmations. Stop Loss: Place a stop loss below the Strong Low ($31.6000). Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.28 (difference between $31.8800 and $31.6000), the take profit should be $0.84 above the entry point, around $32.7200. Sell Strategy Confirmation 1: Look for a price rejection at the Strong High ($32.4000) or Swing High ($32.2000) with increased volume. Confirmation 2: RSI should be above 70 (overbought condition) and start to decline. Confirmation 3: MACD line should cross below the Signal line, indicating bearish momentum. Entry Point: Enter a sell position when the price confirms a rejection at the resistance level with the above confirmations. Stop Loss: Place a stop loss above the Strong High ($32.4000). Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.20 (difference between $32.2000 and $32.4000), the take profit should be $0.60 below the entry point, around $31.6000. This analysis provides a structured approach to trading based on technical indicators and support/resistance levels, aiming for a 1:3 risk-reward ratio. Let me know if you need any further assistance or have any questions! Follow @Alexgoldhunter for more strategic ideas and minds
TVC:SILVER
by Alexgoldhunter
Intraday Levels for Nasdaq 100 Futures - 12/12/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish continuation with the price currently trading near $2,713, having broken above key levels of resistance. The market appears to be consolidating above $2,706 (NY Midnight Open), signaling a potential continuation or a pullback before the next move. Below is a detailed analysis of bullish and bearish scenarios with probable entry and exit points. Key Observations Trend Overview: Price is in a strong uptrend, with higher highs and higher lows observed on the chart. The breakout above $2,706 confirms bullish momentum, with the next major resistance at $2,758. Support Levels: $2,706–$2,708: Immediate support zone, aligned with the NY Midnight Open level. $2,680–$2,685: Secondary support zone, marking the prior breakout area. $2,661–$2,663: Key demand zone where strong buying activity occurred earlier. Resistance Levels: $2,713–$2,718: Immediate resistance zone currently being tested. $2,740–$2,745: Major resistance zone and breakout target for continued bullish momentum. $2,758–$2,760: Extended resistance zone, marking the final bullish target. Volume Analysis: Buy Volume (3.499M) vs. Sell Volume (878.6K): Indicates strong buying pressure driving the current uptrend. Delta Volume (119.72%): Suggests buyers remain in control despite some profit-taking at higher levels. Bullish Scenario Conditions for a Bullish Move: Price must sustain above the $2,706–$2,708 support zone and break through $2,718 with strong volume. Continued buying pressure would likely push the price toward higher resistance levels. Entry Points: Aggressive Entry: Buy near the $2,706–$2,708 support zone, with a stop-loss below $2,700. Conservative Entry: Enter after a confirmed breakout and retest above $2,718, with a stop-loss below $2,710. Exit Points (Take Profit): First Target: $2,740 (key resistance zone). Second Target: $2,758 (extended bullish target). Final Target: $2,760 (major resistance zone). Invalidation: A breakdown below $2,700 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,718, indicating rejection at resistance. A confirmed breakdown below $2,706 would signal bearish momentum. Entry Points: Aggressive Entry: Short near $2,713, with a stop-loss above $2,720. Conservative Entry: Enter short after a confirmed breakdown below $2,706, with a stop-loss above $2,712. Exit Points (Take Profit): First Target: $2,685–$2,680 (secondary support zone). Second Target: $2,663 (key demand zone). Final Target: $2,661–$2,660 (extended bearish target). Invalidation: A breakout above $2,720 would invalidate the bearish scenario. Key Indicators to Monitor Volume Dynamics: Increasing buy volume above $2,713 will confirm bullish continuation. Rising sell volume near $2,718 could indicate rejection and a potential pullback. Breakout or Breakdown Confirmation: A breakout above $2,718 signals further bullish continuation toward $2,740 or higher. A breakdown below $2,706 would signal bearish momentum and potential correction. Candle Structure: Sustained bullish candles with minimal upper wicks signal continuation. Reversal candles with long upper wicks near resistance indicate selling pressure. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,706–$2,708 (Aggressive) or above $2,718 (Conservative) $2,700 $2,740, $2,758, $2,760 Bearish $2,713 (Aggressive) or below $2,706 (Conservative) $2,720 $2,685, $2,663, $2,660 Conclusion Bullish Outlook: Sustained buying above $2,718 could push the price toward $2,740–$2,760. Bearish Outlook: Rejection at $2,718 or a breakdown below $2,706 could trigger a pullback toward $2,685–$2,660. Traders should monitor price action and volume near $2,718 resistance and $2,706 support for confirmation of the next move. Tight stop-losses are essential to manage risk in this breakout/pullback scenario.
FX:XAUUSDLong
by ProspireWealth
KARRATUSD 12/2/2024KARRATUSD Daily Chart Analysis The chart for KARRATUSD suggests a bullish opportunity with strong technical confirmations. Here’s the breakdown: Key Observations 1. Bottom Formation and Breakout: - Price formed a bottom in September 2024. - The breakout from that formation saw a volume spike and expanding MACD momentum, resulting in a price surge of just over 100%. 2. Consolidation Phase: - After the surge, price consolidated into a symmetrical triangle pattern spanning October through November. 3. December Breakout: - To start December, price has broken out of the triangle pattern. - The breakout is validated by: - Increased volume. - Expanding MACD momentum, confirming strength in the move. Trade Details - Position: Long - Entry: 0.5627 - Stop Loss: 0.4946 (12.10% risk) - Initial Target: 0.8133 (44.54% potential return) - Risk-to-Reward Ratio: 3.68 This setup provides a strong risk-to-reward ratio, supported by clear technical patterns and momentum indicators.
COINBASE:KARRATUSDLong
by rudcharts
NZDJPY is all set to continue its upward movement! The price is moving within an ascending channel and has just hit the lower limit again, bouncing back up and forming a bullish candlestick with a long lower wick and a small body. This suggests that sellers have made another unsuccessful try to change the trend, even creating a higher low that backs up the uptrend. The price is also bouncing off the 50% Fibonacci retracement level. NZDJPY is moving towards the major volume activity price range around 90.5. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price up. Time Frame: daily Idea support: - Price action - Volume Analysis - Trend analysis
Long
by luisca826
1
EURAUD is all set to continue its downward movement! The price is moving down within a descending channel. Right now, it bounced off the upper boundary and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, there's a rising wedge on the 4-hour chart. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers. Time Frame: daily Idea support: - Price action - Volume Analysis - Trend analysis
Short
by luisca826
1