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hover your mouse over the white anchor symbols to see how the chart is read at that point why does all of this work? these indicators are all incredibly popular -popular enough to feature in most trading strategies, and are the inputs of many automated trading strategies think of it as a big grid with moving lines where participants execute their trades at these lines
Multi-Timeframe view of the single timeframe idea posted, showing you the full view of how the indicator plots of different timeframes combine to move price. Here the daily tr +1 and weekly rsi weekly levels have stopped the S&P500 from climbing higher for weeks.
an idea of how I look at indicator plots without harming my eyes or patience the S&P is clearly determined to hang onto the true range +1 level and go no higher it has as of this post just managed to climb above the rsi and standard deviation 60 and +1 levels, which has been sold back under the aforementioned levels repeatedly over the past few days risk is s&p...
Clarified application chart and a test predication for oil.
StochRSI on 4h and 1h indicating a good entry for both a scalp and hold long. We're dipping into lower boll band on the 4h. Last time that happened way a day before last pump. Will wait for a fill when 12h ema is tested. Will probably hold this one for a couple days. First target higher starc bands. Will gauge momentum of the rebound (if there is one) to decide...
A StochRSI peak at 95 plus a failed bullish response when price climbed back above emas. It's short pants time/ WIll take 289 as my target and move stop immediately to my entry once I get a nice second leg down.
Using a slow StochRsi and starc bands I found a great entry into this to-be bull run. Targets are 295.5 and 297.5 with a 288.8 stop. A bear trap ready close and the continuation of a bull flag.