alexgrover

alexgrover

Wizard

Something I like to do (although not as much as I want to) is approximate a support trendline in a clear uptrend, and obtain Fibonacci retracements from this support. A non-arbitrary method is to return retracements from the support using a relevant swing high, the retracements will have the same angle as my support. The chart above shows an instance of this...

alexgrover

Wizard

I have seen some of you claim for a pre-cup on FROG 15m! Indeed It hasn't been unnoticed. I shall remind you that a high degree of variation around a "cup" lowers its validity, what might you say to this? Assuming we have a model y representing our underlying trend, the degree of variation around our fitted model can be given by the sum of squared error...

alexgrover

Wizard

At the end of June, SPY started a strong bullish linear trend that recently exceeded a significant highest high created by a bullish gap on the 6 of June, but is it time for this trend to stop? The following analysis suggests a possible reversal. We can see that the TRIX oscillator (period 14) made two consecutive bearish divergences, with a decreasing volume...

alexgrover

Wizard Updated 

Before the major gap of march 24, AMD wasn't making new higher high's, supply was strong enough in order for the price to not break the orange resistance you can see on the price chart, this major gap broke that resistance and continued to make new higher high's, then the decreasing volume peaks along with various divergences on oscillators showed sign of a...

alexgrover

Wizard

AMD has show'n declining volume peaks since its major gap on mar 24, which signals that the excitement and activity has fallen, leading to a potential reversal in price, divergence with various oscillators (On the graph TRIX) are also presents and support the hypothesis of a reversal. Could the major gap be filled ? thats another question. The reversal points...

alexgrover

Wizard

Introduction Its halloween ! And i felt like making a post about spooky stuff related to trading. I wanted to discuss about what is a zombie economy but i clearly don't have the time nor the experience to do that. So instead i'll talk about the dead cat bounce, a pattern commonly found in downtrending (bearish) markets, this pattern is also known as "Bear market...

alexgrover

Wizard

Introduction I explained in my post on indicators settings how computation time might affect your strategy. Therefore efficiency is an important factor that must be taken into account when making an indicator. If i'am known for something on tradingview its certainly not from making huge codes nor fancy plots, but for my short and efficient...

alexgrover

Wizard

Introduction Most technical indicators possesses a user defined input window length, this input affect the indicator output and for a long time, have been the cause of many innovations in technical analysis. In this post i want to discuss the effects and particularities of indicators inputs window length, the challenges they introduce in trading and their...

alexgrover

Wizard

Introduction When posting an indicator a good concept/code isn't the only thing required in order to have a quality indicator, its description is also extremely important. Each person has its own style, mine is pretty academic, but as long as your description respect certain criterions you are free to do as you wish. In this post i want to help you make the...

alexgrover

Wizard

Introduction My experience in the professional trading field has been brief and unsuccessful however I'd like to share it with you so you can know how a semi-professional trading group look like. I don't like to talk about it in general because it wasn't that great and was a waste of time however this can be of interest for people's looking to enter into this...

alexgrover

Wizard

Introduction In this post i want to talk about zero-lag filters, how they interact with the price and its frequency components. I'll also talk about the phase-response, and try to clearly explain how it works and what information it can give to the user. I'll finally introduce the concept of forward-backward filtering as well as zero-phase non stable causal...

alexgrover

Wizard

Introduction The gaussian filter don't see many uses in technical analysis and financial data smoothing in general, however it possess really interesting properties and a really close relationship with the simple moving average. The gaussian filter is a filter which possess a function approximately gaussian (bell shaped curve) as : impulse response, step...

alexgrover

Wizard

Introduction A trading chart is a two dimensional coordinate system, therefore it is possible to use different curves/figures in order to provide predictive insights, at the end this is what most technical analyst rely on (support resistances, squares/circles...etc) , so geometry play a key role on technical analysis and the number of methods is only limited by...

alexgrover

Wizard

Conclusion I’am starting with the conclusion since i don’t plan to be on tradingview for some time. Pinescript is a really easy to use and learn language and i had a lot of fun writing all my indicators, i remember the first time i used it, it was a really nice day and i opened the script editor to edit the awesome oscillator indicator, i changed the sma to an...

alexgrover

Wizard

Introduction Digital signal processing (dsp) is used to manipulate signals and extract information from them. Among all the tools available, digital filters are the most common ones to use, in fact you are certainly using one during your analysis. In this post i will share some of the knowledge i have associated with filters and their properties. I will try...

alexgrover

Wizard

Least Squares Moving Average, Running Least Squares, Regression Line or even Running Line, this method is among the most popular ones in statistics and technical analysis. The LSMA is extremely useful, it approximate the price pretty well and can be considered as one of the best low-lagging filters out there. Knowing how this filter is made can be really...