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Main content Search Ctrl + K * Products * Community * Markets * News * Brokers * More Get started LOOK FIRST / THEN LEAP. ALWAYS AN INFORMED INVESTMENT DECISION. FIRST YOU PREPARE, THEN YOU GO FOR IT. Search markets here BTCUSD 20 855.00USD+0.16% TSLA 228.52USD+1.52% AAPL 155.74USD+7.56% Watch explainer Leo Houlding, explorer Chart. Chat. Trade. Repeat Join 30 millions traders and investors making better, brighter decisions in the world markets. Explore features MARKET SUMMARY IndicesStocksCryptoForexFuturesBondsMore S&P 500DMarket ClosedES1! 3911.25USD +2.40% Nasdaq 100DMarket ClosedNQ1! 11587.00USD +3.13% Bitcoin IndexRMarket OpenXBT 20854.39USD +0.16% U.S. Dollar IndexDMarket ClosedDX1! 110.605USD +0.14% Dow 30DMarket ClosedYM1! 32896USD +2.56% Russell 2000DMarket ClosedRTY1! 1851.6USD +2.29% AppleAAPL Advanced Micro Devices IncAMD Amazon Com IncAMZN Tesla, IncTSLA Netflix, IncNFLX Meta Platforms, IncMETA Crypto Market CapTOTAL BitcoinBTCUSD EthereumETHUSD SolanaSOLUSD UniswapUNIUSD Luna / U.S. DollarLUNAUSD EUR/USDEURUSD GBP/USDGBPUSD USD/JPYUSDJPY AUD/USDAUDUSD USD/CADUSDCAD USD/CHFUSDCHF GoldGC1! SilverSI1! Crude OilCL1! Natural GasNG1! CornZC1! BitcoinBTC1! US 10YUS10Y Euro 10YEU10Y Germany 10YDE10Y Japan 10Y YieldJP10Y UK 10YGB10Y India 10YIN10Y 1D1M3M1Y5YAll TRADE IDEAS Editors' picksStocksCryptoForexIndicesFuturesMore Corruption RankThe Corruption Perceptions Index Rank (CPI Ranking) is published annually by Transparency International, a non-governmental organisation. The Corruption Perceptions Index ranks countries by their perceived levels of public sector corruption on a scale from 100 (very clean) to 0 (highly corrupt). Source: tradingeconomics.com Democracy continues to work steady and strong... Editors' picks B by andre_007 Oct 28 91228 InvestMate|EUR/USD Euro is growing in strength💶EUR/USD Euro is growing in strength 💶The euro is showing signs of strength in the current week. Is a correction in the downtrend getting ready? 💶Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record. 💶Inflation is already close to 10% and on the 31st when there will be a flash year-on-year reading it is forecast to be 10.1% 💶Interest rates have been raised by 75 basis points and the market is betting on another 75 point hike to 2%. The decision will be made on Thursday 27 October. 💶The consumer sentiment index, which is off its lowest levels in years, has started to slowly rise and the market expects the positive trend to continue in the coming months. There will be another reading on 28 October. 💶💵Overseas, a very different situation. 💵Unemployment rate at low levels of 3.5% I💵nflation has already been falling since June and the market assumes that the next reading on 10 November will maintain the downward trend 💵Interest rates are already at 3.25% and the market assumes another 75 point hike to 4%. The decision will take place on 2 November. 💵Consumer sentiment scored its bottom in June and we have been on an upward trend since that month. 💵Looking at the situation in the US with falling inflation further interest rate rises may not be so necessary anymore, looking at how strong the dollar is, I think the euro has more upside potential in the next months. 💵Moving to the chart 📈We can see that we have been in a downtrend since 7 January 2021 📈We are currently struggling at parity level and I think there is a good chance of defending it and breaking out on the upside. 📈Is there a chance to pass the range of the biggest correction in the downtrend, by measuring we come out with a target at the level of 1.01 📈This also coincides beautifully with the measurement of the last upward wave and forms a cluster with the previous measurement of the correction of 1:1 📈Since 28 September we have made a bottom and started a trend reversal. After making wave 1 and wave 2 it was time for wave 3. 📈By taking a position at this point and placing a stop under today's candle we arrive at a risk-reward ratio of 1.1 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀 Editors' picks Long by InvestMate Oct 25 1988 Aptos APT price review without "rose-tinted glasses"For us, the APTUSDT trading pair is a dark horse. Everyone expects strong growth from the APT price (marketers did a good job in such a rotten crypto market), but it can easily fall. We believe only what we see on the chart, and now there is no trading history. And we experienced good stories of marketers back in 2017) The white paper spells out the noble goal of the Aptos blockchain - maximum facilitation for the transition and promotion of the community to Web3. And although it is predicted that Web3 will become a new hype, there is a nuance that the Web3 narrative and everything related to it has been discussed and developed for probably 15-20 years. We also did not like the fact that the project's tokenomics was disclosed after listing APT on all top crypto exchanges. Now 130 million out of 1 billion APT of the pre-established issue are in circulation, but the limit is not fixed, the issue may grow over time. And although the tokenomics states that the bulk of APT tokens are locked down and will be unlocked within 4 years, and the first large unlock is projected for November 2023, there is a nuance: From the way we managed to interpret the information, directly or indirectly about 80% of the Aptos token issuance is controlled by the team. Also, the Aptos team asked not to start trading APTUSDT derivatives for at least 2 weeks after the launch of trading. Probably in order to prevent short position on APTUSDT, but some crypto exchanges already provide the opportunity to trade APTUSDT with x25-x75 leverage in both side. Considering all of the above, we get the following: 1. since we expect the price of BTCUSDT to grow in the near future, the price of APTUSDT can easily shoot up to $11.75 2. to make a trading decision with our real money, we need to see the actual struggle of buyers and sellers on the chart, and not read the promises of the project developers or their marketers. Therefore, as of now, the maximum we can afford in terms of risk management is to place limit orders to buy APTUSD in the range of $1.90-3.90 and wait a few weeks, maybe even less) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more Editors' picks by P_S_trade Oct 24 2469 USDJPY: What goes up.. Must come down. Massive Trading LessonLooking at the USDJPY will provide perhaps the most important lesson in trading you can find. Ascertaining what is Market value; what is a high price (and what your decision needs to be) VS what is a low price and what you should do. The USDJPY is a classic example. Price has rallied for 22 months or so and the price has risen enormously. This is OVERSOLD and you can see how Traders (Who know what they are doing) have moved into the market and pushed it down. We called it and said this would happen because we looked at the market from a factual non biased perspective. We also looked back to key price action levels to determine what further adds to the concoction (evidence) for a short. Tie it all together and you get a fall you can take gains on. We can now look for further falls after price pops until we reach Price levels to get final exits, again using our knowledge of market value. All in all, when trading any market, just do it factually. No stories. High price V Low. That's what works! I hope that helps as always! Editors' picks 08:41 by WillSebastian Oct 27 41301 Meta - Meta Platform joins the party! Yesterday, the price of Meta platform stock crashed nearly 20% after the close when the company reported its earnings for the third quarter of 2022. With its abysmal report, Meta joined the party of underperforming companies in the current earning season. Revenue was down 4% from a year earlier, while costs and expenses rose 19%. Revenue = 27.71 billion USD (-4% YoY) Costs and expenses = 22.05 billion USD (+19% YoY) Revenue from the family of apps, including Facebook, Instagram, Messenger, Whatsapp, etc., decreased approximately 3.6%, while revenue from the reality labs fell by about 49%. That is no surprise to us since we warned about the earning season for the third quarter being weak. Indeed, we stated that downgrades in outlooks and misses in estimates would reinforce our thesis about the market progressing into the second phase of the bear market. With that being said, we believe Meta platforms Inc. still has a long way to go before reversing its primary trend to the upside. Illustration 1.01 Illustration 1.01 shows the daily chart of the Meta Platforms stock. The red arrow shows the price drop after the company published its earnings for the 3rd quarter of 2022. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 The image above shows the resemblance between the current and previous earning seasons. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. Editors' picks by Tradersweekly Oct 27 35240 Too fast, too furious for Natural Gas?After a sharp drop in August, Natural Gas futures is now sitting close to the long-term uptrend support which has marked key reversal points since June 2020. Our question is whether prices have fallen too fast and too soon? We question “too furious” when we look at the RSI which currently points to oversold levels. Hitting a low close to 24, the last time RSI reached such an oversold level, in February 2017, prices rallied close to 35% over the next 2 months. We also note the formation of RSI divergence now, like the one we observed during the 2017 period. If history is any guide, from a technical perspective we can expect some upside for Natural Gas in the coming 2 months. We question “too fast” as we are at the dawn of the seasonality trade. With demand for Natural gas used for heating generally rising as winter months are approaching, we can reflect on the seasonality behavior of Natural Gas prices over the past winters. A simple strategy of buying in the middle of October and waiting for the winter months gives a 70% win-rate when we look back at the past 10 years. Could we expect the same this winter? On top of these, we think there are a few structural factors that might boost natural gas demand in the US over a longer-term horizon. 1) The recent announcement by the Biden administration that ruled out a ban or curbs on natural gas exports this winter, and Europe’s struggle with the energy crisis spell good news for Natural Gas’s demand. 2) Current Natural gas storage levels are also below the 5-year average as reported by the US EIA . 3) A move away from coal as agreed in the COP26 means alternative energy sources are bound to replace coal. With many coal-powered plants being refurbished to work with natural gas, we see structural demand rising as more of these plants come online. Natural gas’s current technical levels point oversold to us, with the seasonality trade potentially on the cards and an overall supportive macro backdrop, we lean bullish on Natural gas. As Natural Gas is considered a highly volatile contract, we can use the Average True Range (ATR) to set our stops. In this case, we follow the rule of thumb to multiply the ART by 2, which sets our stop at roughly 4.550. Entry at 5.200, stop at 4.550. Target at 6.400. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. Editors' picks Long by inspirante Oct 25 1498 Gold is still an inflationary hedge asset, why?My answer is definitely a Yes! But why many say no. It is because they are looking at Gold from a very microscopic view; into its day-to-day to week-to-week movement. But if we analyse Gold from a macro perspective, we will able to appreciate Gold better, that it is still an inflationary hedge asset. And from today’s case study, we will also learn why it is time to get into Gold again at around this price. Content: • Gold is still an inflationary hedge asset, why? • When to enter into the Gold market again? For investor, you can invest into the physical Gold, Gold ETFs, funds and even those mining stocks that pay dividend. For traders, I would like to trade into Futures. COMEX E-Mini Gold Qo1! 0.25 per troy ounce = $12.50 1.00 = $50 1650 to 1750 = 100 x $50 = US$5,000 COMEX Micro Gold MGC1! COMEX Regular Gold GC1! Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. Stay tuned for our next episode in this series, we will discuss more on the insight of inflation and rising interest rates. More importantly, how to use this knowledge, turning it to our advantage in these challenging times for all of us. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Editors' picks 11:00 by konhow Oct 25 969 1INCH Road to the value areaFirst of all, Wait for confirmed breakout on the asset. As long as the value area low on a local support zone holds, we are only thinking in long direction. Risk reward here is 3:1 which is a little bit riskier than usual. but the potential of this trade is increasing every time it breaks levels and gets away from value area low. For a potential swing failure keep your eyes on the breakdown of the value area low and keep eyes on the volume. After it get's back to the area it will be a really high potential of hitting targets Editors' picks Long by Dandady Oct 25 12236 Long WTI & Short Brent as price differential tightens?Oil Brent continues to trade at a premium of more than $8 per barrel to WTI oil , with the price difference between the two oil benchmarks increasing significantly and well above its historical average this year. One of the primary drivers of the widening Brent/WTI price spread has been a significant increase in the availability of North American crude, which has created more downward price pressure on the WTI market. The US government has injected180 million barrels of crude into the market through scheduled Strategic Petroleum Reserve (SPR) releases as of October 18, 2022, to help resolve the market supply disruption created by Russia's full-scale invasion of Ukraine and to help cut energy costs. U.S. SPR releases are now complete, and crude oil reserves in the United States are at their lowest point since 1983, according to the latest estimates from EIA. The possibility that the Democrats would suffer a loss in the midterm elections in two weeks might rule out the possibility of more SPR releases being made at a later stage. In this scenario, the forces that pushed the price of WTI below that of Brent would diminish significantly. As a result, the price spread between the two oil benchmarks may return to tighter levels. Going long on WTI and short on Brent is one way to reflect the idea of closing this oil price gap. Throughout 2021, the difference between WTI and Brent was on average about -$2/bbl and ranged from -$4.5/bbl to parity levels. A mean reversion to the period prior to US SPR releases would suggest an increase from current prices of about $6.5/bbl. If, on the other side, the spread widens again and breaks through the -$10/bbl threshold, the strategy will be proven incorrect. Editors' picks by Capitalcom Oct 25 868 What's the best trading advice you've ever heard?Hey everyone! 👋 Last year, we asked the community to share some of the best trading advice they’ve ever heard, and we got a ton of great (and hilarious) responses . This week, with a slow and choppy market across almost all asset classes and the full benefit of hindsight over the last year, we thought it would be fun to revisit this question now that most assets are in a bear market. So: What IS the best trading advice you've ever heard? It can be an individual investment idea, or broader trading "principles”. No matter what it is, we’d love to hear it. The best two replies (as decided by the TradingView team) get a TradingView mug. Contest ends Wednesday at noon EST when we will announce the winners. Have a great week! -Team TradingView ❤️❤️ We also asked you to share some of the WORST trading advice you've ever heard, and that prompted lots of great replies as well. Be sure to check those out 😂 Editors' picks by TradingView Oct 24 322679 See all editors' picks ideas SNAPS 28 Oct THE $1TN WEEK $1 trillion. That’s a lot of money. With $1 trillion, you could buy Twitter 227 times over. You could pay the yearly salary of 17 million teachers in the US. You could buy 5 million Bitcoin. You could buy 1.2 billion iPhone 14’s. You could spend $1 million every single day for nearly over 2,000 years and still have some to spare. And that’s nearly how much has been wiped off the combined value of Big Tech this week as market giants faced capitulating share prices on the back of dismal earnings. Show more Explore all daysExplore all days AMZN・Oct 28 A fall from grace Looks like this year, Amazon investors might be getting something worse than coal for Christmas: nothing at all. As you can imagine, shares are pretty crushed about it. 10 TWTR・Oct 28 “The bird is freed” “So this is how it ends, not with a bang but with a cardboard box and a kitchen sink” – Parag, probs, after Elon sent the CEO packing as his first order of business as the new head of Twitter. 39 CORZ・Oct 28 Rotten to the Corz? One of crypto’s bellwether mining companies has seen its stock frozen almost to death in this crypto winter. 6 AAPL・Oct 28 Apple got nibbled not crunched Apple’s closely-watched earnings managed to just about dodge this week’s tech rout, with the good news outweighing the bad. 7 CS・Oct 28 A radical survival plan The embattled Credit Suisse is marching further into the doldrums with every passing day despite revealing a dramatic recovery plan. 3 META・Oct 27 “Nothing short of disastrous” We gotta talk about the metaverse, cause that ship is taking on water faster than the Titanic and investors ain't waiting around to see how far the seabed is. 13 SPX・Oct 27 Yield curves’ red flag The equities market and its feel good feeling comes tumbling down on Wednesday as the US Treasury market sets off all sorts of flashing alarms. 17 DOGEUSD・Oct 27 Everyone wants that doggie in the window Elon’s Twitter deal chaos could be coming to end and no one’s more excited about the potential of his influence than the the doggy HODLers out there. 28 EURUSD・Oct 27 NG spot prices go negative There’s a lot going on over the pond this week as the Euro finds a six-week high and natural gas prices go to below zero. We know, is this an alternate universe? 5 MBLY・Oct 27 Sunshine in a dreary IPO market Mobileye’s return to the stock market was a surprising success, driving past people’s expectations and restoring some hope for the IPO market. 5 SOLUSD・Oct 27 The first crypto smartphone Web 3 looks ready to go mobile, with the specifications and features of Solana’s ‘crypto smartphone’ finally unveiled. 12 GOOGL・Oct 26 The digital ad disease spreads Google’s earnings handed us more of the same dismal news we’ve received from other tech giants so far as YouTube sees its ad revenue weakness worsened. 11 See all snaps NEWS FLOW Moneycontrol Daily Voice | This wealth manager feels betting on private banks could be a wrong move if one wants to play capex cycle Moneycontrol Commodities may continue to waver as markets cautiously await Fed policy outlook * NewsBTC FLOW Diverted By Bearish Current Amid Relative Inactivity – Here’s Why Moneycontrol Four firms set to go public next week; seek to raise over Rs 4,500 crore via IPOs * Reuters Musk fired Twitter execs in attempt to avoid payouts, layoffs planned - reports * 2 * * * Reuters Macau's MGM Cotai casino locked down after dealer COVID case - media * 2 * Reuters Macau's MGM Cotai casino locked down after dealer infected with COVID -media * NewsBTC Ethereum Price Bounces Again But Touching These Levels Could Trigger A Sell Off * * Reuters China c.bank reaffirms it will step up support for real economy * Benzinga If You Had $1,000, Would You Put It On Dogecoin (DOGE) Or Baby Doge Coin? Survey Says... Benzinga If You Had $1,000, Would You Put It On Dogecoin Or Baby Doge Coin? Survey Says... * NewsBTC Bitcoin Price Aims For $21,000, Will There Be A Wider Trend Change? NewsBTC ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To $7 * * Reuters China Southern cancels planned return of Boeing 737 MAX flights -website Reuters Traveller fined, refused entry to Australia for 'significant' biosecurity breach Benzinga Ben Affleck And Other Celebrities Are Dumping Their Real Estate, Here's How Much They're Making On Sales * NewsBTC Why This Bitcoin Indicator Points To Bullish Double Bottom * * NewsBTC Chainlink Price Consolidates, How Long Will The Bulls Stick Around? Benzinga Will Homeownership Soon Be A Thing Of The Past? The Strategy Millennials Are Using To Enter Real Estate Market Reuters South Korea stampede death toll rises to 149 - Yonhap Benzinga These 2 Mortgage REITs Have Yields Above 10% And Have Gone Unnoticed Trading At A Steep Discount * NewsBTC Ep05- MLM – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast Benzinga Barron's Top Weekend Stock Picks: Tesla, Apple, Visa And What Zuckerberg Can Do To Help Meta Stock Recover NewsBTC Why The DOGE Price Rally Could Foretell An Altcoin Season Benzinga Elon Musk Gets A Piece Of Advice From Raoul Pal As He Takes Over Twitter: 'Society Will Break Apart If AI Proliferates' Keep readingKeep reading SPARKS Curated watchlists to kickstart your market research. NFT exposure stocks: Fungible gains +4.74% Today −48.98% 1-Year Trucking stocks: Keep on truckin' +0.87% Today −21.25% 1-Year Real estate stocks: The biggest REITs on the market +2.71% Today −29.73% 1-Year MLB stocks: Moneyball 10 No. of Symbols Software stocks: US companies at our finger tips 55 No. of Symbols Japanese banking stocks 72 No. of Symbols Legacy stocks: Keeping it in the family 54 No. of Symbols Bermuda stocks: Can anyone say "tax haven"? 25 No. of Symbols World's oldest companies: Old-age performers 20 No. of Symbols German Stocks: Continental champs 16 No. of Symbols US truck stocks: State to state supply 24 No. of Symbols Lumber stocks: Wood and forestry companies 7 No. of Symbols See all sparks COMMUNITY FAVORITES RIGHT NOW StocksCryptoForexFuturesMore Amazon Com IncRMarket ClosedAMZN 103.41USD −6.80% GameStop CorporationRMarket ClosedGME 28.17USD +8.64% Intel CorpRMarket ClosedINTC 29.07USD +10.66% Twitter IncRMarket ClosedTWTR 53.70USD +0.66% Exxon Mobil CorporationRMarket ClosedXOM 110.70USD +2.93% Pinterest, IncRMarket ClosedPINS 24.90USD +13.75% AppleRMarket ClosedAAPL 155.74USD +7.56% Chevron CorporationRMarket ClosedCVX 179.98USD +1.17% Snowflake IncRMarket ClosedSNOW 159.69USD −5.57% Mullen Automotive, IncRMarket ClosedMULN 0.5174USD −3.92% US STOCKS HIGHEST VOLUME Amazon.com, Inc.RMarket ClosedAMZN 103.41USD −6.80% Apple Inc.RMarket ClosedAAPL 155.74USD +7.56% QQQuanergy Systems, Inc.RMarket ClosedQNGY 3.30USD +153.85% Meta Platforms, Inc.RMarket ClosedMETA 99.20USD +1.29% Intel CorporationRMarket ClosedINTC 29.07USD +10.66% Advanced Micro Devices, Inc.RMarket ClosedAMD 62.01USD +5.82% UNUSUAL VOLUME HHHealth Assurance Acquisition Corp.RMarket ClosedHAAC 10.05USD +0.25% Aeglea BioTherapeutics, Inc.RMarket ClosedAGLE 0.9200USD +61.40% SSSciSparc Ltd.RMarket ClosedSPRC 0.9500USD +2.15% DDData I/O CorporationRMarket ClosedDAIO 3.80USD +23.38% LLLux Health Tech Acquisition Corp.RMarket ClosedLUXA 10.04USD 0.00% Greenlane Holdings, Inc.RMarket ClosedGNLN 0.4937USD −59.53% GAINERS Regular hoursPre-marketMore EEEndurance Acquisition Corp.RMarket ClosedSATX 29.39USD +254.52% QQQuanergy Systems, Inc.RMarket ClosedQNGY 3.30USD +153.85% NNNuvalent, Inc.RMarket ClosedNUVL 35.34USD +60.64% BBBull Horn Holdings Corp.RMarket ClosedBHSE 11.95USD +43.98% PPProvident Acquisition Corp.RMarket ClosedPAQC 11.00USD +31.26% DDData I/O CorporationRMarket ClosedDAIO 3.80USD +23.38% LOSERS Regular hoursPre-marketMore SSSelina Hospitality PLCRMarket ClosedSLNA 15.09USD −63.11% DaVita Inc.RMarket ClosedDVA 70.54USD −27.09% Avista Public Acquisition Corp. IIRMarket ClosedAHPA 6.61USD −20.55% LLLeMaitre Vascular, Inc.RMarket ClosedLMAT 41.94USD −19.09% Edwards Lifesciences CorporationRMarket ClosedEW 70.87USD −17.88% UUUnited Fire Group, IncRMarket ClosedUFCS 26.12USD −17.73% CRYPTO MARKET CAP RANKING SymbolMarket capPrice & chg 1D 399.679BUSDBitcoinRMarket OpenBTCUSD 20855.00USD +0.16% 200.08BUSDEthereumRMarket OpenETHUSD 1631.16USD +0.66% 69.073BUSDTetherRMarket OpenUSDTUSD 0.99957000USD −0.01% 48.794BUSDBinance CoinRMarket OpenBNBUSD 305.7USD +0.39% 43.707BUSDUSD CoinRMarket OpenUSDCUSD 1.0000USD +0.01% 23.399BUSDXRPRMarket OpenXRPUSD 0.46719USD −0.70% DEFI BY MARKET CAP SymbolMarket capPrice & chg 1D 6.241BUSDDaiRMarket OpenDAIUSD 1.00030000USD −0.01% 5.551BUSDAvalancheRMarket OpenAVAXUSD 18.5878565USD +1.59% 5.536BUSDUniswapRMarket OpenUNIUSD 7.2200752USD +1.73% 5.107BUSDWrapped BitcoinRMarket OpenWBTCUSD 20882.9658USD +0.30% 3.792BUSDChainLinkRMarket OpenLINKUSD 7.7185946USD +1.04% 1.33BUSDTezosRMarket OpenXTZUSD 1.4545USD +0.80% COMMUNITY PINE SCRIPTS Editors' picksPopularRecentMore Extreme Trend Reversal Points [HeWhoMustNotBeNamed]Using moving average crossover for identifying the change in trend is very common. However, this method can give lots of false signals during the ranging markets. In this algorithm, we try to find the extreme trend by looking at fully aligned multi-level moving averages and only look at moving average crossover when market is in the extreme trend - either bullish or bearish. These points can mean long term downtrend or can also cause a small pullback before trend continuation. In this discussion, we will also check how to handle different scenarios. 🎲 Components 🎯 Recursive Multi Level Moving Averages Multi level moving average here refers to applying moving average on top of base moving average on multiple levels. For example, Level 1 SMA = SMA(source, length) Level 2 SMA = SMA(Level 1 SMA, length) Level 3 SMA = SMA(Level 2 SMA, length) .. .. .. Level n SMA = SMA(Level (n-1) SMA, length) In this script, user can select how many levels of moving averages need to be calculated. This is achieved through " recursive moving average " algorithm. Requirement for building such algorithm was initially raised by @loxx While I was able to develop them in minimal code with the help of some of the existing libraries built on arrays and matrix , I also thought why not extend this to find something interesting. Note that since we are using variable levels - we will not be able to plot all the levels of moving average. (This is because plotting cannot be done in the loop). Hence, we are using lines to display the latest moving average levels in front of the last candle. Lines are color coded in such a way that least numbered levels are greener and higher levels are redder. 🎯 Finding the trend and range Strength of fully aligned moving average is calculated based on position of each level with respect to other levels. For example, in a complete uptrend, we can find source > L(1)MA > L(2)MA > L(3)MA ...... > L(n-1)MA > L(n)MA Similarly in a complete downtrend, we can find source < L(1)MA < L(2)MA < L(3)MA ...... < L(n-1)MA < L(n)MA Hence, the strength of trend here is calculated based on relative positions of each levels. Due to this, value of strength can range from 0 to Level*(Level-1)/2 0 represents the complete downtrend Level*(Level-1)/2 represents the complete uptrend. Range and Extreme Range are calculated based on the percentile from median. The brackets are defined as per input parameters - Range Percentile and Extreme Range Percentile by using Percentile History as reference length. Moving average plot is color coded to display the trend strength. Green - Extreme Bullish Lime - Bullish Silver - range Orange - Bearish Red - Extreme Bearish 🎯 Finding the trend reversal Possible trend reversals are when price crosses the moving average while in complete trend with all the moving averages fully aligned. Triangle marks are placed in such locations which can help observe the probable trend reversal points. But, there are possibilities of trend overriding these levels. An example of such thing, we can see here: In order to overcome this problem, we can employ few techniques. 1. After the signal, wait for trend reversal (moving average plot color to turn silver) before placing your order. 2. Place stop orders on immediate pivot levels or support resistance points instead of opening market order. This way, we can also place an order in the direction of trend. Whichever side the price breaks out, will be the direction to trade. 3. Look for other confirmations such as extremely bullish and bearish candles before placing the orders. 🎯 An example of using stop orders Let us take this scenario where there is a signal on possible reversal from complete uptrend. Create a box joining high and low pivots at reasonable distance. You can also chose to add 1 ATR additional distance from pivots. Use the top of the box as stop-entry for long and bottom as stop-entry for short. The other ends of the box can become stop-losses for each side. After few bars, we can see that few more signals are plotted but, the price is still within the box. There are some candles which touched the top of the box. But, the candlestick patterns did not represent bullishness on those instances. If you have placed stop orders, these orders would have already filled in. In that case, just wait for position to hit either stop or target. For bullish side, targets can be placed at certain risk reward levels. In this case, we just use 1:1 for bullish (trend side) and 1:1.5 for bearish side (reversal side) In this case, price hit the target without any issue: Wait for next reversal signal to appear before placing another order :) Editors' picks Pine Script™ indicator by HeWhoMustNotBeNamed Oct 16 23957 Oscillator Workbench — Chart [LucF]█ OVERVIEW This indicator uses an on-chart visual framework to help traders with the interpretation of any oscillator's behavior. The advantage of using this tool is that you do not need to know all the ins and outs of a particular oscillator such as RSI, CCI, Stochastic, etc. Your choice of oscillator and settings in this indicator will change its visuals, which allows you to evaluate different configurations in the context of how the workbench models oscillator behavior. My hope is that by using the workbench, you may come up with an oscillator selection and settings that produce visual cues you find useful in your trading. The workbench works on any symbol and timeframe. It uses the same presentation engine as my Delta Volume Channels indicator; those already familiar with it will feel right at home here. █ CONCEPTS Oscillators An oscillator is any signal that moves up and down a centerline. The centerline value is often zero or 50. Because the range of oscillator values is different than that of the symbol prices we look at on our charts, it is usually impossible to display an oscillator on the chart, so we typically put oscillators in a separate pane where they live in their own space. Each oscillator has its own profile and properties that dictate its behavior and interpretation. Oscillators can be bounded , meaning their values oscillate between fixed values such as 0 to 100 or +1 to -1, or unbounded when their maximum and minimum values are undefined. Oscillator weight How do you display an oscillator's value on a chart showing prices when both values are not on the same scale? The method I use here converts the oscillator's value into a percentage that is used to weigh a reference line. The weight of the oscillator is calculated by maintaining its highest and lowest value above and below its centerline since the beginning of the chart's history. The oscillator's relative position in either of those spaces is then converted to a percentage, yielding a positive or negative value depending on whether the oscillator is above or below its centerline. This method works equally well with bounded and unbounded oscillators. Oscillator Channel The oscillator channel is the space between two moving averages: the reference line and a weighted version of that line. The reference line is a moving average of a type, source and length which you select. The weighted line uses the same settings, but it averages the oscillator-weighted price source. The weight applied to the source of the reference line can also include the relative size of the bar's volume in relation to previous bars. The effect of this is that the oscillator's weight on bars with higher total volume will carry greater weight than those with lesser volume. The oscillator channel can be in one of four states, each having its corresponding color: • Bull (teal): The weighted line is above the reference line. • Strong bull (lime): The bull condition is fulfilled and the bar's close is above the reference line and both the reference and the weighted lines are rising. • Bear (maroon): The weighted line is below the reference line. • Strong bear (pink): The bear condition is fulfilled and the bar's close is below the reference line and both the reference and the weighted lines are falling. Divergences In the context of this indicator, a divergence is any bar where the slope of the reference line does not match that of the weighted line. No directional bias is assigned to divergences when they occur. You can also choose to define divergences as differences in polarity between the oscillator's slope and the polarity of close-to-close values. This indicator's divergences are designed to identify transition levels. They have no polarity; their bullish/ bearish bias is determined by the behavior of price relative to the divergence channel after the divergence channel is built. Divergence Channel The divergence channel is the space between two levels (by default, the bar's low and high ) saved when divergences occur. When price has breached a channel and a new divergence occurs, a new channel is created. Until that new channel is breached, bars where additional divergences occur will expand the channel's levels if the bar's price points are outside the channel. Price breaches of the divergence channel will change its state. Divergence channels can be in one of five different states: • Bull (teal): Price has breached the channel to the upside. • Strong bull (lime): The bull condition is fulfilled and the oscillator channel is in the strong bull state. • Bear (maroon): Price has breached the channel to the downside. • Strong bear (pink): The bear condition is fulfilled and the oscillator channel is in the strong bear state. • Neutral (gray): The channel has not been breached. █ HOW TO USE THE INDICATOR Load the indicator on an active chart (see here if you don't know how). The default configuration displays: • The Divergence channel's levels. • Bar colors using the state of the oscillator channel. The default settings use: • RSI as the oscillator, using the close source and a length of 20 bars. • An Arnaud-Legoux moving average on the close and a length of 20 bars as the reference line. • The weighted version of the reference line uses only the oscillator's weight, i.e., without the relative volume's weight. The weighted line is capped to three standard deviations of the reference. • The divergence channel's levels are determined using the high and low of the bars where divergences occur. Breaches of the channel require a bar's low to move above the top of the channel, and the bar's high to move below the channel's bottom. No markers appear on the chart; if you want to create alerts from this script, you will need first to define the conditions that will trigger the markers, then create the alert, which will trigger on those same conditions. To learn more about how to use this indicator, you must understand the concepts it uses and the information it displays, which requires reading this description. There are no videos to explain it. █ FEATURES The script's inputs are divided in five sections: "Oscillator", "Oscillator channel", "Divergence channel", "Bar Coloring" and "Marker/Alert Conditions". Oscillator This is where you configure the oscillator you want to study. Thirty oscillators are available to choose from, but you can also use an oscillator from another indicator that is on your chart, if you want. When you select an external indicator's plot as the oscillator, you must also specify the value of its centerline. Oscillator Channel Here, you control the visibility and colors of the reference line, its weighted version, and the oscillator channel between them. You also specify what type of moving average you want to use as a reference line, its source and its length. This acts as the oscillator channel's baseline. The weighted line is also a moving average of the same type and length as the reference line, except that it will be calculated from the weighted version of the source used in the reference line. By default, the weighted line is capped to three standard deviations of the reference line. You can change that value, and also elect to cap using a multiple of ATR instead. The cap provides a mechanism to control how far the weighted line swings from the reference line. This section is also where you can enable the relative volume component of the weight. Divergence Channel This is where you control the appearance of the divergence channel and the key price values used in determining the channel's levels and breaching conditions. These choices have an impact on the behavior of the channel. More generous level prices like the default low and high selection will produce more conservative channels, as will the default choice for breach prices. In this section, you can also enable a mode where an attempt is made to estimate the channel's bias before price breaches the channel. When it is enabled, successive increases/decreases of the channel's top and bottom levels are counted as new divergences occur. When one count is greater than the other, a bull/bear bias is inferred from it. You can also change the detection mode of divergences, and choose to display a mark above or below bars where divergences occur. Bar Coloring You specify here: • The method used to color chart bars, if you choose to do so. • If you want to hollow out the bodies of bars where volume has not increased since the last bar. Marker/Alert Conditions Here, you specify the conditions that will trigger up or down markers. The trigger conditions can include a combination of state transitions of the oscillator and the divergence channels. The triggering conditions can be filtered using a variety of conditions. Configuring the marker conditions is necessary before creating an alert from this script, as the alert will use the marker conditions to trigger. Realtime values will repaint, as is usually the case with oscillators, but markers only appear on bar closes, so they will not repaint. Keep in mind, when looking at markers on historical bars, that they are positioned on the bar when it closes — NOT when it opens. Raw values The raw values calculated by this script can be inspected using the Data Window, including the oscillator's value and the weights. █ INTERPRETATION Except when mentioned otherwise, this section's charts use the indicator's default settings, with different visual components turned on or off. The aim of the oscillator channel is to provide a visual representation of an oscillator's general behavior. The simplest characteristic of the channel is its bull/bear state, determined by whether the weighted line is above or below the reference line. One can then distinguish between its bull and strong bull states, as transitions from strong bull to bull states will generally happen when trends are losing steam. While one should not infer a reversal from such transitions, they can be a good place to tighten stops. Only time will tell if a reversal will occur. One or more divergences will often occur before reversals. This shows the oscillator channel, with the reference line and the thicker, weighted line: The nature of the divergence channel 's design makes it particularly adept at identifying consolidation areas if its settings are kept on the conservative side. The divergence channel will also reveal transition areas. A gray divergence channel should usually be considered a no-trade zone. More adventurous traders can use the oscillator channel to orient their trade entries if they accept the risk of trading in a neutral divergence channel, which by definition will not have been breached by price. This show only the divergence channels: This chart shows divergence channels and their levels, and colors bars on divergences and on the state of the oscillator channel, which is not visible on the chart: If your charts are already busy with other stuff you want to hold on to, you could consider using only the chart bar coloring component of this indicator. Here we only color bars using the combined state of the oscillator and divergence channel, and we do not color the bodies of bars where volume has not increased. Note that my chart's settings do not color the candle bodies: At its simplest, one way to use this indicator would be to look for overlaps of the strong bull/bear colors in both the oscillator channel and a divergence channel, as these identify points where price is breaching the divergence channel when the oscillator's state is consistent with the direction of the breach. █ LIMITATIONS • For some of the oscillators, assumptions are made concerning their different parameters when they are more complex than just a source and length. See the `oscCalc()` function in this indicator's code for all the details, and ask me in a comment if you can't find the information you need. • When an oscillator using volume is selected and no volume information is available for the chart's symbol, an error will occur. █ NOTES Working with this workbench This indicator is called a workbench for a reason; it is designed for traders interested in exploring its behavior with different oscillators and settings, in the hope they can come up with a setup that suits their trading methodology. I cannot tell you which setup is the best because its setup should be compatible with your trading methodology, which may require faster or slower transitions, thus different configurations of the settings affecting the calculations of the divergence channels. For Pine Script™ Coders • This script uses the new overload of the fill() function which now makes it possible to do vertical gradients in Pine. I use it for both channels displayed by this script. • I use the new arguments for plot() 's `display` parameter to control where the script plots some of its values, namely those I only want to appear in the script's status line and in the Data Window. • I used my ta library for some of the oscillator calculations and helper functions. • I also used TradingView's ta library for other oscillator calculations. • I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual. Editors' picks Pine Script™ indicator by LucF Oct 14 27679 Average Volume ProfileAverage Volume Profile is an abstract based on a user suggestion. The information displayed could be summed up as a volume profile divided by a market profile. This indicator is a profile which displays the average volume of an area (of price). It also calculates and displays the highest average volume point (HAV) and the relating value zones (calculated in the similar fashion to a volume profile). Most of the code is directly from my "Volume/Market Profile" Indicator I am not entirely sure of how to make use of the information displayed in this indicator or how useful it is. However, I have added some things I figured would be useful to comprehend this information, such as: - Read-out for highest average volume - Read-out for current price average volume - Read-out for current candle distributed volume (labeled as: "Vol") - Floating line to visualize the current distributed volume in relation to the rest of the profile. - Color changing labels for when the current distributed volume is higher than the current price avg volume. Enjoy! Editors' picks Pine Script™ indicator by SamRecio Oct 10 22321 Sector RotationThis script is attempt to create and observe the real-time and historical performance of the all major sectors of Indian Market in one screen. for Data Presentation I used Short sector names so that I can manage to get space and efficient presentable data. Short Names and Actual Sector Names BNF : CNX-BANKNIFTY IT : CNX-IT PRMA : CNX - PHARMA FMCG : CNX-FMCG AUTO : CNX-AUTO MTAL : CNX-METAL MDIA : CNX-MEDIA RLTY : CNX-REALTY IFRA : CNX-INFRA ENGY : CNX-ENERGY PSU-B : CNX-PSU-BANK PVT-B : NIFTY-PVT-BANK F-SRV : CNX-FINANCE CONSM : CNX-CONSUMPTION C-DUBL : NIFTY_CONSR_DURBL You can use this script in 30-min, Daily, Weekly and Monthly Time Frames. The green Square denotes the current Symbol Performance. The Blue Border boxes are created when one sector intersects other sector. In this Update following features are added Now users have control over sectors, what are all the sectors you wanted to plot you can select from the input menu. Currently user can highlight any one sector in different border color so that user can easily spot and track particular sector. This thicker blue line denotes lowest and highest point of the current timeframe. Editors' picks Pine Script™ indicator by Vignesh_vish Oct 5 14300 HH-LL ZZAnother ZigZag, yes... I believe though this concerns another angle/principle, therefore I wanted to share How does it work? Given: source for level breach -> close X breaches -> 3 Let's say this is the latest found 'lower low' (LL - blue dot under bar): This bar has been triggered because 3 bars closed under low of previous 'trigger bar' (TB ) The high and low of this new TB will act as triggers (aqua blue lines, seen in image above) Then there are 2 options: - again 3 bars closes under the latest TB , in that case the TB moves to that new LL. - 3 bars closes higher than the high of previous TB The high and low of this new TB act again as trigger If a new TB LL/HH is found, the script checks previous LL/HH and searches the highest/lowest point in between. If necessary, the temporary highest/lowest will be adjusted: Another example: The last 2 points can change (repaint). Yellow coloured lines/labels are set and won't change anymore. Concluded: In case of these settings: source for level breach -> close X breaches -> 3 once a new TB is found, the high and low act as trigger lines - when 3 bars closes under that low , a new LL is found, this will be the new TB - when 3 bars closes above that high , a new HH is found, this will be the new TB and so on... Settings: source for level breach -> close or high/low - H/L X breaches -> 1 -> 10 line style -> solid, dotted, dashed show level breaches -> new found TB (blue/lime coloured) show Support/Resistance (lines at the right) repaint warning can be removed show labels / lines This ZZ can be used for Harmonic patterns, Trend evaluation, support/resistance,... In this script, I also used new features - text_font_family = font.family_monospace -> link - display=display.pane -> link Cheers! Editors' picks Pine Script™ indicator by fikira Oct 3 30540 Black Scholes Option Pricing Model w/ Greeks [Loxx]The Black Scholes Merton model If you are new to options I strongly advise you to profit from Robert Shiller's lecture on same . It combines practical market insights with a strong authoritative grasp of key models in option theory. He explains many of the areas covered below and in the following pages with a lot intuition and relatable anecdotage. We start here with Black Scholes Merton which is probably the most popular option pricing framework, due largely to its simplicity and ease in terms of implementation. The closed-form solution is efficient in terms of speed and always compares favorably relative to any numerical technique. The Black–Scholes–Merton model is a mathematical go-to model for estimating the value of European calls and puts. In the early 1970’s, Myron Scholes, and Fisher Black made an important breakthrough in the pricing of complex financial instruments. Robert Merton simultaneously was working on the same problem and applied the term Black-Scholes model to describe new generation of pricing. The Black Scholes (1973) contribution developed insights originally proposed by Bachelier 70 years before. In 1997, Myron Scholes and Robert Merton received the Nobel Prize for Economics. Tragically, Fisher Black died in 1995. The Black–Scholes formula presents a theoretical estimate (or model estimate) of the price of European-style options independently of the risk of the underlying security. Future payoffs from options can be discounted using the risk-neutral rate. Earlier academic work on options (e.g., Malkiel and Quandt 1968, 1969) had contemplated using either empirical, econometric analyses or elaborate theoretical models that possessed parameters whose values could not be calibrated directly. In contrast, Black, Scholes, and Merton’s parameters were at their core simple and did not involve references to utility or to the shifting risk appetite of investors. Below, we present a standard type formula, where: c = Call option value, p = Put option value, S=Current stock (or other underlying) price, K or X=Strike price, r=Risk-free interest rate, q = dividend yield, T=Time to maturity and N denotes taking the normal cumulative probability. b = (r - q) = cost of carry. (via VinegarHill-Financelab ) Things to know This can only be used on the daily timeframe You must select the option type and the greeks you wish to show This indicator is a work in process, functions may be updated in the future. I will also be adding additional greeks as I code them or they become available in finance literature. This indictor contains 18 greeks. Many more will be added later. Inputs Spot price: select from 33 different types of price inputs Calculation Steps: how many iterations to be used in the BS model. In practice, this number would be anywhere from 5000 to 15000, for our purposes here, this is limited to 300 Strike Price: the strike price of the option you're wishing to model % Implied Volatility: here you can manually enter implied volatility Historical Volatility Period: the input period for historical volatility ; historical volatility isn't used in the BS process, this is to serve as a sort of benchmark for the implied volatility , Historical Volatility Type: choose from various types of implied volatility , search my indicators for details on each of these Option Base Currency: this is to calculate the risk-free rate, this is used if you wish to automatically calculate the risk-free rate instead of using the manual input. this uses the 10 year bold yield of the corresponding country % Manual Risk-free Rate: here you can manually enter the risk-free rate Use manual input for Risk-free Rate? : choose manual or automatic for risk-free rate % Manual Yearly Dividend Yield: here you can manually enter the yearly dividend yield Adjust for Dividends?: choose if you even want to use use dividends Automatically Calculate Yearly Dividend Yield? choose if you want to use automatic vs manual dividend yield calculation Time Now Type: choose how you want to calculate time right now, see the tool tip Days in Year: choose how many days in the year, 365 for all days, 252 for trading days, etc Hours Per Day: how many hours per day? 24, 8 working hours, or 6.5 trading hours Expiry date settings: here you can specify the exact time the option expires The Black Scholes Greeks The Option Greek formulae express the change in the option price with respect to a parameter change taking as fixed all the other inputs. ( Haug explores multiple parameter changes at once .) One significant use of Greek measures is to calibrate risk exposure. A market-making financial institution with a portfolio of options, for instance, would want a snap shot of its exposure to asset price, interest rates, dividend fluctuations. It would try to establish impacts of volatility and time decay. In the formulae below, the Greeks merely evaluate change to only one input at a time. In reality, we might expect a conflagration of changes in interest rates and stock prices etc. (via VigengarHill-Financelab ) First-order Greeks Delta: Delta measures the rate of change of the theoretical option value with respect to changes in the underlying asset's price. Delta is the first derivative of the value Vega: Vegameasures sensitivity to volatility. Vega is the derivative of the option value with respect to the volatility of the underlying asset. Theta: Theta measures the sensitivity of the value of the derivative to the passage of time (see Option time value): the "time decay." Rho: Rho measures sensitivity to the interest rate: it is the derivative of the option value with respect to the risk free interest rate (for the relevant outstanding term). Lambda: Lambda, Omega, or elasticity is the percentage change in option value per percentage change in the underlying price, a measure of leverage, sometimes called gearing. Epsilon: Epsilon, also known as psi, is the percentage change in option value per percentage change in the underlying dividend yield, a measure of the dividend risk. The dividend yield impact is in practice determined using a 10% increase in those yields. Obviously, this sensitivity can only be applied to derivative instruments of equity products. Second-order Greeks Gamma: Measures the rate of change in the delta with respect to changes in the underlying price. Gamma is the second derivative of the value function with respect to the underlying price. Vanna: Vanna, also referred to as DvegaDspot and DdeltaDvol, is a second order derivative of the option value, once to the underlying spot price and once to volatility. It is mathematically equivalent to DdeltaDvol, the sensitivity of the option delta with respect to change in volatility; or alternatively, the partial of vega with respect to the underlying instrument's price. Vanna can be a useful sensitivity to monitor when maintaining a delta- or vega-hedged portfolio as vanna will help the trader to anticipate changes to the effectiveness of a delta-hedge as volatility changes or the effectiveness of a vega-hedge against change in the underlying spot price. Charm: Charm or delta decay measures the instantaneous rate of change of delta over the passage of time. Vomma: Vomma, volga, vega convexity, or DvegaDvol measures second order sensitivity to volatility. Vomma is the second derivative of the option value with respect to the volatility, or, stated another way, vomma measures the rate of change to vega as volatility changes. Veta: Veta or DvegaDtime measures the rate of change in the vega with respect to the passage of time. Veta is the second derivative of the value function; once to volatility and once to time. Vera: Vera (sometimes rhova) measures the rate of change in rho with respect to volatility. Vera is the second derivative of the value function; once to volatility and once to interest rate. Third-order Greeks Speed: Speed measures the rate of change in Gamma with respect to changes in the underlying price. Zomma: Zomma measures the rate of change of gamma with respect to changes in volatility. Color: Color, gamma decay or DgammaDtime measures the rate of change of gamma over the passage of time. Ultima: Ultima measures the sensitivity of the option vomma with respect to change in volatility. Dual Delta: Dual Delta determines how the option price changes in relation to the change in the option strike price; it is the first derivative of the option price relative to the option strike price Dual Gamma: Dual Gamma determines by how much the coefficient will changedual delta when the option strike price changes; it is the second derivative of the option price relative to the option strike price. Related Indicators Cox-Ross-Rubinstein Binomial Tree Options Pricing Model Implied Volatility Estimator using Black Scholes Boyle Trinomial Options Pricing Model Editors' picks Pine Script™ indicator by loxx Sep 30 7297 TPO Market Profile [Kioseff Trading]REPOST; SCRIPT WORKS!! Due to technical error, this script was republished! Thank you for your support (: Hello! This indicator comprises a real time TPO Market Profile! The script works on any timeframe 1 second or greater - the script calculates relative to the timeframe selected for your chart. The image above shows the 1-minute BTCUSD chart; 650 +/- tick levels are set. To see the script in full functionality - try using bar replay on a cryptocurrency 1-minute chart (start at the beginning of a regular hours session). Be sure to adjust the tick spread if necessary (: So far, the script's held up in real time - I've not had any array loop errors or timeouts. The TPO profile updates accordingly with changes in time / high and low prices. Letters are appended to the profile in real time. The image above shows configurations for the indicator. I plan to update the indicator quite a bit over the coming days - more to come. You can select the timeframe change the indicator accounts for. For instance, you can have set the indicator to reset every day, every 30 minutes, every 5 minutes, every week, month, etc. In the image above, I configured the indicator to recalculate every 3 months. Consequently, the indicator will record a TPO profile for three consecutive, reset, then record a TPO profile for the next 3 months. This setting makes the indicator compatible with any timeframe greater than 1 minute. You can also use a drag & drop time-start bar to modify the starting point for the market profile TPO calculation. The indicator hosts an option to auto calculate the tick spread between levels. However, as you switch timeframes and assets, sometimes, you'll have to manually set the tick range (: Thanks for checking it out; more to come! Sep 4 Release Notes: UPDATE: The indicator can work on seconds-based charts. The image above shows the indicator working on the 1-second chart. (Screenshot is old; characters are now numbered instead of strange unicode) Release Notes: Added value area + vah + val. Font update. Changed characters to numbered once the alphabet is exhausted. POC, VAH, and VAL label located left of the first bar of the interval. Initial balance range can be toggled. Spaced the characters (more legible). Quite a bit of aesthetic changes so check it out! Soon, I'll release a version of the script that shows VAH, POC, VAL, and TPO letters from previous sessions. I coded this feature into this indicator; however, it was removed due to load time complications. This feature will be its own script (: If the script has trouble loading please let me know (: Editors' picks Pine Script™ indicator by KioseffTrading Sep 30 36466 Tick StatisticsTick Statistics: I have seen many questions/queries related to tick data in TV telegram channels. This script will help pine scripts to understand how ticks work, how to capture and process tick data. This is an educational indicator script for pine scripters. The indicator shall work only on real time candles. Tick data capture is initiated as soon as indicator is loaded on the chart. You might not get correct statistics on 1st candle in case indicator is loaded when real time candle is in progress, in such case you can monitor the statistics generated for subsequent candles. Generated statistics is shown on the chart by placing 2 diamond shapes above and below the candle. Diamond shape below the candle will have candles ‘tick data’ listed in a table. This can be view by placing mouse pointer on the diamond shape. Refer to point 1 below for more details. Diamond shape above the candle will have statistics as mentioned in point no 2 onwards. To view the statistics place the mouse point on the diamond shape. The shape will appear in green color when both tick price and tick volume are both moving in the same direction. The diamond shape in red color means tick price and tick volume are moving in opposite direction. The script captures tick by tick data and generate statistics below: 1. List of tick data with details below: (this is stored in the diamond shape placed below the candle) a. Tick no b. Tick type – Up tick (Up), Down tick (Dn), No change (--) c. Tick price d. Volume e. Price difference (as compared to previous tick price) f. Volume difference (as compared to previous tick volume) 2. Tick statistics a. Total ticks b. Number of up ticks c. Number of down ticks d. Number of No change ticks 3. Volume Statistics a. Total volume b. Up tick volume c. Down tick volume d. Volume associated with ticks where there is no change e. Candle volume (just for reconciliation purpose) 4. Max-min statistics a. Max volume = <> at price = <> at tick no = <> b. Min volume = <> at price = <> at tick no = <> c. Max price = <> at volume = <> at tick no = <> d. Min price = <> at volume = <> at tick no = <> 5. Candle summary a. Price << Up >> (if price is up as compared to 1st tick <> otherwise b. Volume <> (if up tick volume is more than down tick volume <> otherwise Editors' picks Pine Script™ indicator by Sharad_Gaikwad Sep 26 23179 Strength of Divergence Across Multiple IndicatorsOverview: One-stop shop for all your divergence needs, including: (1) A single metric for divergence strength across multiple indicators. (2) Labels that make it easy to spot where the truly strong divergence is by showing the overall divergence strength value along with the number of divergent indicators. Hovering over the label shows a breakdown of each divergent indicator and its individual divergence strength value. (3) Fully customizable, including inputs for pivot lengths, divergence types, and weights for every component of the divergence strength calculation. This allows you to quickly and easily optimize the output for any chart. Don't worry, the default settings will have you covered if you're not interested in what's going on under the hood. The Divergence Strength Calculation: The total divergence strength value is the sum of the divergence strengths of all indicators for which divergence was detected at a given bar. Each indicator's individual divergence strength is comprised of two basic components: (1) |ΔPrice| - the magnitude of the change in price over the divergence period (pivot-to-pivot), and (2) |ΔIndicator| - the magnitude of the change in indicator value over the divergence period. Because different indicators' scales and volatility can vary greatly, the Δ values are expressed in terms of standard deviation to ensure that the values are meaningful and equitable across all indicators and assets/instruments/currency pairs, etc: |ΔIndicator| = |indicator_value_1 - indicator_value_2| / 2 * StDev(indicator_series,100) Calculation Weights: All components of the calculation are weighted and can be modified on the Inputs page in settings (weights are simply multipliers). For example, if you think hidden divergence should carry less weight than regular divergence, you can assign it a lesser weight. Or if you think RSI divergence is worth more than OBV divergence, you can adjust their weights accordingly. List of weights: Regular divergence weight - default = 1 Hidden divergence weight - default = 1 ΔPrice weight - default = 0.5 (multiplied by the ΔPrice component) ΔIndicator weight - default = 1.5 (multiplied by the ΔIndicator component) RSI weight - default = 1.1 OBV weight - default = 0.8 MACD weight - default = 0.9 STOCH weight - default = 0.9 Development for additional indicators is ongoing, as is research into the optimal weight configuration(s). Other Inputs: Pivot lengths - specify the number of bars before and after each pivot high/low to consider it a valid candidate for divergence. Lookback bars and Lookback pivots - specify the number of bars or the number of pivots to look back across. Price sources - specify separate price sources for bullish and bearish divergence Display settings - specify how lines and labels should display, including which divergence strength values should show the largest labels. Include/exclude specific divergence types and indicators. Please report any bugs, or let me know if you have any enhancement suggestions or requests for additional indicators. @reees Editors' picks Pine Script™ indicator by reees Sep 24 661.5K RSI Past Can Turn RSI Into a Directional ToolThe Relative Strength Index was created by J. Welles Wilder to measure overbought and oversold conditions. It’s also found popularity as an overall measure of direction because upward-trending stocks often hit overbought conditions. The opposite can be true with underperformers. Today’s custom script, RSI Past, attempts to capture this secondary use of RSI as a directional indicator. RSI Past achieves this by comparing how many bars have passed since RSI's most recent overbought and oversold readings. It then plots a simple difference between those two numbers. Stocks with “bullish” signals will have positive readings that will increase each time RSI hits an overbought condition. “Bearish” readings are just the opposite, growing more negative as oversold conditions occur. An examination of some individual stocks may show the usefulness of this approach. Meta Platforms , for example, hit an oversold condition almost exactly one year ago, and has remained under heavy selling pressure since: Exxon Mobil , on the other hand, flipped to a bullish reading last October and has trended higher since: This raises some interesting questions for Apple, shown on the main chart above. AAPL’s RSI Past has maintained a bullish reading for over a year -- unlike most other big technology stocks and the broader Nasdaq-100. Could this reflect bigger directional strength, especially with prices holding the $150 level that’s had relevance several times mid-2021? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com . Editors' picks Pine Script™ indicator by TradeStation Sep 20 81K See all editors' picks scripts EDUCATIONAL IDEAS Editors' picksPopularMore Trading Psychology - Knowledge Matrix A - Unknown unknowns - You don't know what you don't know. This is the first level of the knowledge matrix. There are skills or things, that you are not even aware of, that are completely new to you, and that you need to learn. Let's say that for a person, this is the first contact with trading as a beginner trader. B - Known unknowns - You know what you do not know. On the second level, you are starting to be aware of the skills you need to develop, and the information you need to learn in order to advance in personal development. This is the learning and practice phase. C - Known knowns - You know what you know. On the third level, you have acquired all the necessary knowledge and skills, and you are now aware of your level of competence. The psychological part at this level, is that you have all the necessary skills as a trader, and you are taking decisions at a conscious level. Because the decisions are at a conscious level, many times you might not stay on your predetermined course. D - Unknown Knowns - You don't know what you know This is the highest and ultimate level on the knowledge matrix. Basically, after acquiring all the skills and information, they are now deeply implemented on a subconscious level, and many times, you might take good decisions based on feeling or gut. At this level, decision-making is not difficult, and you follow your rules without struggling, having a trading career as a full-time job. Which level are you at? A B C D Don't stumble trading. Trade Safe! Editors' picks Education by MariusStanescu Oct 28 978 Technical Analysis !!!👨🏫Hello, my trader friends🙋🏻. I want to tell you the story of Technical Analysis, its advantages & disadvantages. We're even gonna learn about its branches. Like any other science, Technical Analysis has come a long way, and it's still evolving. But why should we learn it and know it well?🤷🏻 When you're trading, you may be afraid or greedy. But how do professional traders control these two?🤔 Let me start with a simple example. If someone turns off the lights & challenges you in a new room, you will feel scared or lack confidence because you don't know that place. But if the challenge happens in your bedroom or home🏡, you'll feel more powerful 💪🏻 and confident because this environment is familiar & you can act better.✅ Fear is caused by the unknown. When you don't know this market, you can't get good results (or at least permanent good results). So follow this page to conquer all the peaks⛰️ of Technical Analysis together🙌🏻 and learn from A to Z of it. Also, I'm a fellow traveler on this route🛤️, not your tour guide. So, if you have any questions, ask me in the comments💬. My trader fellas, let's take one step👣 at a time because taking long and hurried steps will only hit you harder. I'm with you in all these steps🪜 & get started with the first type of market analysis. Technical Analysis is old. I mean, it's almost 300 years old📜, but it doesn't like to talk about its age, so we couldn't find the exact information about its birth date🗓️😑. Maybe it’s from Japan⛩️🎌 and was born in the 18th century, or perhaps its date of birth is in the Middle Ages. But there is some more information that I'm sure about. For example, in 1879, the Technical Analysis found a friend by the name of Chart📈, and they have not separated until today. Let's skip this story and be serious☺️. Technical analyzers believe that everything is in the Chart. In Technical Analysis, there is all the necessary information for trading, such as entry points, exit points, market volume, stock prices in the past and present, etc. (The Chart is a complete encyclopedia for Technical analyzers!!🤦🏻😶 ) There is another type of analysis that examines the available information about a stock (from the founder of a stock or company to the cost and income and even the company manager's records), called Fundamental. But the Technicalists say that even some of the Fundamental information is in the Chart! 😐 Overall, Technical and Fundamental are both complementary to each other and opposite to each other. But both are related to the Chart. (These three have a complicated relationship; I mean, there is a love triangle, so we should stay out of it !!🤫😂 ) Let's skip the joke. All these things are just like the gears⚙️ of a car, but it's not enough. You need to follow more rules in the market to pass the finish line🏁 with your trading car🏎️ . Don't worry cause I'm gonna tell you everything you need to know to win🏆 this trade racing with your strategy car. Now that we have learned a little about the history of Technical Analysis, it is better to learn about its contents. The price chart, our most important resource and tool in Technical Analysis, consist of the price-time, Charts, and Candles. But these candles🕯️ existed 100 years before bar and dot charts.📊📉 In 1700, a Japanese man named Huma realized that the price of rice depended on the emotions of traders in addition to supply and demand. Candles show these feelings with their colors. For example, the green candles🟢 show trust and good feelings among people who invested in a stock.🤑 But red candles🔴 indicate doubts or hopelessness of people about a stock, and they sell it.😞 I don't know why I remembered Moody's octopus doll🐙 :) But candles tell you the feelings of other traders just like these dolls. But only its color is not essential. Can you guess the other important factors about candles? I will tell you the rest of them soon.😉. Have you heard that history repeats itself? By looking carefully🧐 at the old charts, some creative people found that the prices behaved similarly to their past. They realized that the candles make interesting shapes next to each other, and they made these shapes repeatedly in different periods.🔁 They formed different geometric shapes and patterns & continued to make these shapes until today :) Let's accept that the Chart is creative and artistic! 🎨🖌️😊 For example, they found a shape called a Head & Shoulders Pattern. This type of pattern will cause a downward trend⤵️ in the Chart. I tried to find it & place it on someone's Head & Shoulders to remember it better. 😁 Many patterns can be found in any chart, and I have already taught the reversal patterns in my previous posts, But I want to go over all the patterns in detail again in the future, so let's dive into the other contents of Technical Analysis.👇 Using formulas, mathematical🧮 ratios, and advanced calculations, indicators were created that can generally show the market's present and past and give a relative opinion about the future (Please don't get the indicators wrong with magic 8 ball🎱 or Professor Dumbledore's wand✨. ) Let's be serious about it. Maybe you know that indicators depend on the two factors of time and place of price. In terms of time🕦, they are divided into two categories: leading and lagging. In terms of price movement💹, they are divided into three categories: trend indicators, oscillators, and volume indicators. The indicator that I made the above meme for is a leading oscillator. Now it’s time to go for the other various tools that are made by using numbers🔢 and people’s actions in the market. A person named Nelson Elliott made a useful tool, although, after his death, many people worked on this tool and improved it until today it reached us, but we are going to discuss it better in the following posts like the rest of the contents of Technical Analysis.😉 But I have to say Elliot believed that the market is not disordered and always repeats a repetitive cycle, and Eliot called these repeated movements waves. According to him, if you can perfectly identify the repeating patterns in the price, you can predict how the price will change (or not change) in the next phase. Eliot published his experiences and theories in a book called the waves principle, which I recommend if you want to get good information in this field; it's better to start from the origin of this theory. I think there is no better definition for the word "Wave" than sea waves🌊, and I tried to draw Elliot waves like sea waves reaching the shore. 🏖️ In the end, I want to say that whatever style of analysis you have or whatever type of Chart you use, in the future, this machine will not go the right way without following a series of principles. Suppose you have the best car in the world, but you neither know how to drive nor the rules. It can be guessed that you will either crash with someone or break the car💥. You should have risk management along with your trading system, and don't forget that no trading system is perfect.🙅🏻 It is better to try each method on demo accounts before making real trades. Of course, you can count on me and ask any questions you may have.🙂💭 In the following posts, I’ll talk more about the things that have been said and introduce you to good trading systems that can be obtained from any method. I'm by your side so that if you are a beginner, you can find your own way, and if you know the market, we can learn the basics of this market better & together🤝🏻. Wish you happiness, health & success guys🙋🏻. Editors' picks Education by pejman_zwin Oct 27 53538 JS-Masterclass #3: FundamentalsIn the recent tutorial 'Trading with the Trend - Stage Analysis', we have explained the importance of identifying stocks in a confirmed stage 2 uptrend using the 'Trend-Template'. What are the Fundamentals doing in a confirmed stage 2 Uptrend? The best stocks and buying opportunities available in the market meet the technical requirements according to Minervini's Trend-Template and have very healthy Fundamentals. Best Candidates - Growth - Accelerating EPS and Revenues - Explosive Market Position - Sustainable Trends - Scalable Business Model Worst Candidates - Capital Intensive - Limited Pricing Power - Heavily Regulated - Margin Pressure - Eroding Industry Position Watch out for these 3 key fundamentals – Earnings, Sales and Margins 1) Earnings in most recent 2-3 quarters +20% or more – the bigger the better; look for earnings acceleration – quarter to quarter sequential. Look at a 2 quarter average (up 20%) 2) Sales acceleration: sales increasing in most recent 2-3 quarters 3) Check profit margins – are they expanding or contracting? 4) Combination of sales and margins = earnings: gauge current growth versus 3-5 year growth rate (look for acceleration), Look for a breakout year How Do You Know if an Earnings Report is Really Great? 1. Results are better than the consensus of analysts’ estimates or, even better, earnings come in above the highest analyst estimate. Why? This will get the stock on the radar screens of big institutions. 2. The company raises its guidance for the upcoming quarter and the fiscal year significantly. 3. The stock price reacts positively to the earnings report and/or company issued guidance and resists meaningful profit taking over a number of days or weeks. 4. Analysts promptly raise estimates. (More than a 5% change from 30-days earlier is meaningful). 5. Revenue is reported above the consensus estimate (preferably above the highest estimate) and is also revised upward. 6. Earnings are “quality” – profit improvement comes from increased sales as opposed to a one-time gain or non-operating/non-recurring income. Keep in mind, cost cutting or “productivity enhancements” have a limited life span. 7. You can check Return on Equity to get an idea how good management is doing. You should compare this number to other companies in the same industry. 15-17% is a good cutoff for most stocks. Red Flags • Material earnings deceleration is a warning • Eroding margins is a warning • Positive earnings with negative sales – limited life span • A company showing strong earnings but not paying much in taxes is a red flag Even if you have found a stock with great Fundamentals: - Never trust the story - Never trust the numbers - Unless confirmed by price action Editors' picks Education by JS_TechTrading Oct 27 692 Trading RSI Divergences LIKE A BOSS (I may have failed you)Get your copy of the Free Heiken Ashi Algo Oscillator I'm not going to lie. There is WAYYY too much technical stuff to type up in this for you guys. its best if you watch the video. Always Always Always ask questions below. I am always more than happy to show you what's what. This is some UPPER LEVEL STUFF in this video and i know a lot of you won't fully understand it but i want you to understand what it is that you DON'T KNOW about. Unless you know these things, you won't know what questions to ask about. So here we go. Let's get into it. Trading the RSI Divergence like a BOSS After the RSI Divergence is found: On the chart: (KEYS) 1 = last HH 2 = current HH 3 = 1st HH Closing Price 4 = Confirmation of candle closing BELOW 1HH close price 5 = Find your targets 6 = Pinpoint any target with multiple confirmations Steps to take: 1. See last Highest High 2. Draw a line across the last Highest High close price. 3. Confirm second HH is higher price but lower RSI value. Now wait.... 4. Wait for candle to close below price of step (2) 5. Enter SHORT if (Heiken Ashi Candle is closing RED) 6. Your 50ema is Take Profile #1 (Set it up) 7. Your swing high is your stop loss 8. What does the RSI Formula tell you? Is it in the positive? So what! Use the same numbers but trade SHORT. Yep, that what i said, TRADE IT IN REVERSE! This is Take Profit #2 9. Do the Fibonacci trick to confirm which is closer (tp 1 or tp2) 10. Look left for the most recent area of Liquidity. It's a candle with a long wick up or down where price reverses sharply. 11. Scan the Algo for a price level WITH volume. You have found your target. Adjust your take profit and walk away. Editors' picks Education 19:48 by CoffeeshopCrypto Oct 26 52721 How to stop overtrading and get rid of your trading addictionHello traders, All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article. I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them. Here's how to stop overtrading and get rid of your trading addiction:🧵 I - Define a set of rules The first key to stop overtrading is establishing a set of rules Create a set of rules so you know when you SHOULD stop over-trading. It can be based on $ gain/loss or just the amount of trades taken. Either way, there needs to be a written list you can follow. For example, let's say I want to make X dollars per month with equates to X/20 (give or take) dollars to make in average per trading day. Once for a given day I've reached that goal, I'm stopping myself from trading more. Why? Who here kept trading after making a decent amount of money and ended up losing all the gains? The reason being, we're humans and not naturally wired to trade. After making some money, we all tend to become greedy, taking more risks, also not seeing obvious signs we usually see when we're focused. II - Find a hobby The second key is having a hobby. Something you can do once you've stopped trading It could be... - Working out (I'm working out twice a day for health benefits but also to meditate and to stop thinking about my trades) Of course, as an intraday trader, I'm going to workout whenever with 0 opened intraday trade When I'm invested in SWING trading, I'm taking trades with big enough timeframes so that it's totally fine if I'm not checking the charts for multiple hours in a row - Doing chores Could also be cooking for yourself or your family - Talking to a friend Trading is a passion and if you're passionate about it, your friends will likely want to hear your thoughts about the markets, the trades Of course, don't give them any financial advice :) You don't want to be in a position of recommending or not recommending an action as they may blame you for their losses. Stay neutral, only share what you're doing and why you love doing it - Writing Writing or Journaling helps me clearing As long as you have SOMETHING you can do everyday after trading It should help you out Mine is after 3 consecutive intraday losses, I stop for the session (morning or afternoon) and head to working out, walking, doing anything else other than trading III - Find a buddy I would also suggest getting a trading buddy A trading buddy is simply another trader (or non-trader) that you can talk to throughout the trading day I'm trading with my father and a community of traders, we're talking often, exchanging ideas on whether a setup looks great or not. Not to talk about trades, but more as a mental coach Someone who you can text when you're feeling emotional. And they will tell you to get off the computer. Sometimes we just need to hear it from someone else to actually execute IV - Turn off your computer Lastly, I would recommend turning off the screens. Like literally shutting your computer/monitor off and walking away. You need to PHYSICALLY set yourself apart from the trading scene. Doing this will allow your brain to think about doing something else, rather than trading. Conclusion To summarise: - Have a set of trading rules - Have a hobby - Find a trading buddy - Physically constrain yourself to stop trading after your daily gains or losses have been reached Editors' picks Education by Daveatt Oct 25 1301.2K Trendline and Channel Tutorial: Part 4All traders are different but I personally find it difficult to use standalone channels to consistently initiate profitable trades against. Not the least of the problem is that the channel continues to either rise or fall, making a secure place to hide a stop above/below more difficult. But I find them particularly useful in three aspects. The first, and by far the most important, is that a channel allows one to quickly visualize the ebb and flow of supply and demand. As described earlier in this series, the relationship of price to the channel boundaries and the median line offer insight to the strength of the underlying trend (increasing or decreasing). The second is in the use of channels to rebalance existing positions against. I find tremendous value in trading around conjunctions with other support/resistance techniques. In other words, zones of support or resistance provided by the confluence of channels, horizonal patterns, fibonocci, momentum, and chart patterns result in more reliable entries than simply trading the width of the channels. In this piece we concentrate on finding suitable trading confluences. Finding a confluence: After the late March 2022 pivot (point A), the initial supply line A-C could be drawn along with a parallel initial projected oversold line from point B. By early August the channel top (supply line) intersected price in the area around 4330. In the Wyckoff perspective, the downtrend represented the stride of supply and represented a significant chart reference. In late May, price exceeded the initial projected oversold line, requiring a redraw from point D. Between early Jan and mid July 2022 SPX declined from 4797 (A) to 3640 (D). The .618% retracement of the entire decline bisects around 4313. From the low (1) on July 14, SPX rallied for 22 trading days. From July 26th an initial demand (uptrend line) could be projected. By the 29th an initial supply line (channel top) could be drawn. These two lines defined the minor channel. By the middle of August, the minor channel intersected with the major channel in the area around 4332. Price was also scraping across the top of the rising Bollinger band and the daily stochastic oscillator had been pinned in overbought since early August. Levels: 4330 - Major channel top 4313 - .618% Fibonacci retracement 4336 - Upper channel (supply) line in the shorter perspective channel. 4332 - Bollinger Band top Stochastic and other momentum indicators pinned in overbought. As price moves into a confluence zone, I typically move to the chart of one lower degree and begin monitoring for a potential trade entry setup. SPX Hourly: In this perspective the channel becomes clearer. It is important to note that after August 8th, price never again approached the supply line and instead hugged the median line (inside the oval). This offered a clear indication of waning demand. On August 11, I moved the supply line (red dashed channel top) lower, providing yet another layer of resistance. Once price moves into a resistance confluence you may use your preferred method of trade entry and stop placement to initiate a trade. Finally, most price action is only noise and there are only a few points on any chart where behavior becomes meaningful. Confluences, channel tops and trend lines represent one of instances. If no confluence exists, move your attention to a different chart. There is always a tradable confluence somewhere. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Taylor Financial Communications Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur. Editors' picks Education by CMT_Association Oct 24 17366 Why is trading so emotional? In August last year, I published an educational post around Fibonacci. There's also thousands of articles and books available on the topic. But how does it fit with being emotional? Often people talk about Algos, smart money concepts and a load of other terms. All trying to make sense of the market, Fibonacci isn't magical or mystical. It's a set of simple numbers that work - due to humans wanting to see patterns in everything they look at. Here's the article from last year - feel free to click it and go through that one as well. The issue I have when educating people - is there is always a desire to find an automated solution. I keep saying, if algos are that good - we wouldn't have school, doctors or firemen; they would all be sipping cocktails on a beach far away! If you want to learn technical analysis, you really need to dig deep into the emotional analysis. People like Dow, Elliott and Wyckoff (for me, are not technical gurus) they merely understood - human psychology made waves, changed sentiment - the bigger players in the markets know this. It's why most news outlets and websites around TA push writers who only talk MA's and RSI's. It keeps fresh sheep on track. The market is all about liquidity - these levels are created at psychological levels & from there, it's copy, paste, repeat. Take a look at this on the current Bitcoin move down from the All Time High. Swing 1 = 618 of A-B Swing 2 = 100% of the A-B Swing 3 = 100% of the A-B Swing 4 = 618 of the A-B Swing 5 = 1.23 range and 1.27 range of the A-B Then even when you step down a level you can see the move inside the moves looking similar. Local support is 618... When I started posting on @TradingView publicly - I explained why we where seeing value areas and re-accumulation for the first times. These levels were starting to show signs of the crypto space being institutionalised. This is important to understand, as much like Fibonacci levels, the price would now act in a different way to psychological levels. In stepped Wyckoff and you could see from before and after - where and why the price would go. Before Here's the AFTER shot. Lucky Guess? Well - maybe on the way back from the 28k levels highlighted in March, the very same fibs became obvious. If we where seeing Elliott waves form you could therefor measure the fib extensions. This was August the 24th - read the comments as to why the drop was coming (4 move) and why we would likely see the drop just above the old all time high. By October we had seen the forecasted extension levels getting hit - a retest followed this and we dropped. So, like I said - there's nothing magical, it's all about sentiment and psychology. Learn this and you will progress as a trader. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe. Editors' picks Education by Mayfair_Ventures Oct 6 34382 30 Quotes From Philosopher That Will Make You ThinkQuotes, man. I love them. Excerpts, proverbs, quips, riddles, koans, aphorisms, limericks, snippets, and lyrics— I’m not the type to discriminate. I love them all. Since In Latest TradingView Post About "Traders Gaining Momentum : Fall Edition" to Compile Great Authors To Read And I Will Try To Compile Great Quotes From Philosopher For Traders And Investors. TradingView Listing Great Users To Read On. Okay In this week’s post , I’d like to share with you a few quotes that I think will benefit you. They deliver potent, pithy shots of clarity, insight, and/or motivation that can help you gain perspective, especially if times are tough. Read, contemplate, and maybe note these, as if they were personal notes left to you by some of the greatest minds –past and present. 1.– “ Man only likes to count his troubles; he doesn’t calculate his happiness .” ― Fyodor Dostoyevsky In trading: Basing your happiness on trade outcomes —events that are in themselves ever-changing— is self-imposed suffering. Let go. Trust the process, and let yourself enjoy unconditional happiness. 2. — “ If you look for perfection, you’ll never be content .” ― Leo Tolstoy In trading: Trade entries or exits are rarely going to be perfect. Make peace with that. 3.– “ I want to sing like the birds sing, not worrying about who hears or what they think .” ― Rumi In trading: Don’t let other’s opinions shake you out of your trades. Learn to trust your system/ your process/ your opinion. 4.– “ Out of suffering have emerged the strongest souls; the most massive characters are seared with scars .” ― Kahlil Gibran In trading: Beginner’s luck often stifles growth. Losses and failure are good for you. 5.– “ You could not step twice into the same river .” ― Heraclitus In trading: Change is everywhere. Even in the market it is a constant. The market generates patterns and even though those patterns seem to repeat themselves with a certain degree of consistency, they’re never completely the same – they don’t share the same intensity, momentum, and duration. 6.– “ Let everything happen to you; beauty and terror, just keep going. No feeling is final .” ― Rainer Maria Rilke In trading: Following your plan should be viewed as an essential act, even though it’s a struggle most of the time. It’s so important to believe that it will be worth it in the end —rather than doubting and judging how it feels in each moment. 7.– “ The only way to make sense out of change is to plunge into it, move with it, and join the dance .” ― Alan W. Watts In trading: Never be afraid of change or uncertainty. Embrace them by being as open/flexible/adaptable as possible. 8.– “ A good traveler has no fixed plans and is not intent on arriving .” ― Lao Tzu In trading: Trading can be a ‘one-hit wonder’ thing, where you eventually land one trade that changes everything for you. But instead, I urge you to think of it as a lifelong journey. The psychological implications are very different. 9.– “ Life’s under no obligation to give us what we expect .” ― Margaret Mitchell In trading: There are no guarantees in trading. The sooner you accept that, you sooner you can release your expectations and focus unconditionally on a proven process that’ll raise your probability of success. 10.– “ Flow with whatever may happen, and let your mind be free: Stay centered by accepting whatever you are doing. This is the ultimate .” ― Chuang Tzu In trading: Do not bring emotional struggle into trading. Everything changes -outcomes, markets, circumstances, states of mind… There is nothing to cling to. Go with the flow. Trade in the moment. 11.– “ You can feel an emotion; just don’t think that it’s so important .” — John Cage In trading: When you let your emotions come to the surface; when you embrace them, no matter their content or intensity, you transcend them. When you deny them and try to push them down, they afflict you even more. 12.– “ The instant you speak about a thing, you miss the mark .” ― Zen Proverb In trading: Don’t bother showing to the world that you’re a good trader. Just act like one. 13.– “ You must let what happens happen. Everything must be equal in your eyes, good and evil, beautiful and ugly, foolish and wise .” ― Michael Ende In trading: In trading, whatever is going to happen will happen, whether you want it or not. Your job is not to react blindly… This game is all about strategic maneuvering. 14.– “ Worry is preposterous; we don’t know enough to worry .” — Wei Boyang In trading: A simple way to prevent thoughts from turning into worrying (overthinking) is to trade while remaining open to all possibilities. 15.– “ The longer I live, the more uninformed I feel. Only the young have an explanation for everything .” ― Isabel Allende In trading: The more you stay in the game, the more you’ll realize that there are no real ‘pros’ in trading. We’re all just perpetual students of the market. But some losing traders think they have all the answers. They can’t learn because they’re busy telling everyone what they know and what to do. 16.– “ Nothing is more wonderful than the art of being free, but nothing is harder to learn how to use than freedom .” — Alexis de Tocqueville In trading: Some people get into trading to escape the rat race, but then they feel the need to sit in front of their screen all day to watch the market. They think they have to trade all the time. It’s a big mistake. 17.– “ It’s more difficult to rule yourself than to rule an entire city. ” ― Jordan B Peterson In trading: Trading can be easy. The real problem is the worrying, the expectations, delusions, the inability to let go… For those reasons, it’s not. That’s why working on your mindset day in and day out is the most important thing you can ever do if you want to stay in the game long enough to experience success. 18.– “ Consistency is contrary to nature, contrary to life. The only completely consistent people are the dead .” ― Aldous Huxley In trading: Humans are fallible and perfect consistency is virtually impossible. Even expert traders make mistakes from time to time. The only difference between them and the amateurs is that their mistakes aren’t deadly because money management is their number one priority. Expert traders also recognize early on that they’ve made a mistake and they are quick to correct their course of action without hesitation. 19.– “ In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule .” ― Friedrich Nietzsche In trading: The herd mentality is a contagious phenomenon. To prevent it from sneaking up on you, it can be useful to train yourself to read, feel, and understand your emotions and urges. 20.– “ That which does not kill us makes us stronger. ” ― Friedrich Nietzsche In trading: Everything that happens is an opportunity for growth. Nothing is placed before you that you can’t handle. So spend no time on blame, bitterness, or feeling sorry for yourself, and you put everything towards learning and growth. 21.– “ Your mind will answer most questions if you learn to relax and wait for the answer .” ― William S. Burroughs In trading: You missed a trade? Frustration comes when we want things to be different from how they are. Why waste time in fantasies and what could have been? Why not just relax and wait for the next trade opportunity? There’ll always be one… 22.– “ Anything which is troubling you, anything which is irritating you, that is your teacher. ” ― Ajahn Chah In trading: You must expect failure as part of your trading journey. Failure and success go hand in hand — you cannot have one without the other. 23.– “ If you don’t have a strategy, you’re part of someone else’s strategy . ” ― Alvin Toffler In trading: In this field, lots of fake traders are after your money. Make sure you learn from the right people. This is critical. 24.– “ Disillusionment in living is finding that no one can really ever be agreeing with you completely in anything. ” ― Gertrude Stein In trading: You are only trading your opinion, which is a relative truth. Price is the absolute truth. 25.– “I know there is no straight road; no straight road in this world, only a giant labyrinth of intersecting crossroads.” ― Federico Garcia Lorca In trading: The path to market success is not a straight one. You will fall along the way. But losses and failures eventually get you wisdom. Without wisdom, durable market success is simply not possible. So learn to enjoy the journey. 26.– “ All of humanity’s problems stem from man’s inability to sit quietly in a room alone .” ― Blaise Pascal In trading: Meditation helps you know yourself. You can’t trade well if you don’t know yourself. 27.– “ We are our choices .” ― Jean-Paul Sartre In trading: Take responsibility for your losses and work on bettering the quality of your decisions. 28.– “ Man can will nothing unless he has first understood that he must count on no one but himself .” ― Jean-Paul Sartre In trading: Don’t wait for trade ideas from others. Work on being completely self-reliant. 29.– “ Maybe it’s not about happy ending. Maybe it’s about the story.” ― Albert Camus In trading: See trading as a kind of journey in which you will transform yourself, rather than a mere money-making endeavor. 30.– “ Ask yourself at every moment, “Is this necessary? ” ― Marcus Aurelius In trading: In some sense, trading mastery is simply noticing your patterns of thought, emotions and behavior that are not skillful, and having the strength of mind to say “no… I’m not gonna do that.” -END- I Hope You Have Nice Days And Wishyou Profitable Weeks!! Hot Baked Pumpkin Is Really Nice In This Time. 🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁 Source : Yvan Editors' picks Education by Valerus_Forex Oct 5 26546 The easiest way to spot divergences and how to trade them Welcome to the coffee shop everybody. This is your host and baristo Eric, and in today's video I am giving you a video Lesson based off of my preferences on how you should look for and use RSI Divergences. THe Oscillator used in this video is The Heiken Ashi Algo Oscillator Get it free here and always BOOOOOOOOOOST IT!! There are three problems that people have whether they are experts or when they are novices in spotting Divergence between the RSI and price. First problem is they don't know where to look because the RS I can have hundreds of high values and hundreds of low values but you need to know which ones are the relevant ones to look at. The second problem is a common question where people ask "which way will the price go?" The answer to that is basically the slope of the RSI is the new slope of your price so, if the RSI is angled up your price will angle up. If the RSI is angled down your price will angle down. Now hold on a minute don't run off and start acting like you know how to trade divergences yet because there's still question number 3. When will it go in that direction? Just because you see a Divergence doesn't mean it's going to immediately happen so you need to know what to look for to let you know that it is actually going to go in that direction and when will that Trend begin. So in today's video I do a nice lengthy coverage on how to spot those answers and you can use the oscillator in the video by going to this link. Editors' picks Education 20:00 by CoffeeshopCrypto Oct 21 64653 Scaling-in and Scaling-outHello traders, All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article. I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them. Scaling-in There are times when I will scale into a position. When the price dips into the my Moving Average pullback zone, I'll typically get 25% of my position there. I'll then add a full position if the price dips past that MA Don't add to winners I wouldn't advise adding to winners I would advise adding to losers IF it's part of your plan. Though, most traders adding to losers end up losing more statistically.... then even I don't do it. You should always have a stop in place and get out at your stop (or preferably use our hard exit system) NEVER add to your position after your stop has been hit That's not what I'm advising I always make sure to get in a very small position early in case I miss the real entry. It allows me to still have a decent entry if the price drops lower AND allows me to catch the move if the price decides to rip Alright, let's talk about exits👇 Scaling-out Your exit strategy will ultimately depend on your overall strategy However, for ALL small accounts, I'd recommend NOT to scale. Scaling exits should really only be for accounts that can afford to take multiple contracts (5-10+) Otherwise, it's better off just take 100% off at your first target And I really mean it Remember, when your Stop-Loss hit you take 100% of a loss. This should be obvious.... though I see plenty having multiple Take Profit levels and 1 Stop Loss level And they wonder why they're losing.... mostly because of basic mathematics (literally additions and subtractions). A big loss is very hard to offset with multiple partial profits across multiple trades. If you do have a larger account, here's how I'd recommend setting up your exit strategy IMO, it's best to only have 3 targets/exits MAX. After 3, there's really no need to complicate your trading anymore I'm taking the MAJORITY of my profits out at first target... 80+% of your position Otherwise, I very often end up taking the trades, having a lot of unrealised gains but bringing back home nothing.... which is NOT ACCEPTABLE for me. It's UNFORGIVABLE to earn a decent amount of $$ and letting everything go because I thought the trade should have gone further. I like moving my stop to breakeven after I've taken my first partial After you've taken your first partial, that's when you can leave 20% for runners. You can either take the remaining runners out at your second target or Take half out at your second target and leave 10-15% for your last target The larger your account size, the more targets I recommend you have I also like moving my stops up after each target to make sure the trade doesn't go red Why do I use this scaling strategy? By taking the majority of my size off at my first target, it allows my strategy to keep a decent R/R rate, assuming I move stops to breakeven It also leaves my trading more stress-free since I have less of a position on. Allows for the trade to come back breakeven and I've already taken most off On top of that, I have 20-30% of my position as runners in case this stock starts to explode Doesn't happen often, but sometimes the remaining 20% ends up netting me more profit than the original 80% did. At the end of the day, it's up to you how you want to scale These are the methods I found most effective, depending on your account size and your strategy. Conclusion - As a beginner, I used to stick with 1 TP/1 SL only and that's how I brought home gains - Once my trading account reached the 6 figures threshold, I allowed myself to have 2-3 TPs but I was taking most off the table at the first TP level and automatically moved my SL to Breakeven - Adding to losers (aka the Dollar Cost Average method) also called martingale is a solid way for most beginners to depart from their money quickly - I'll make another article on martingale and why I think it's not for everyone Editors' picks Education by Daveatt Oct 20 29510 See all educational ideas VIDEO IDEAS BTC Casual Conversation on Current Price MovementHi Everyone! Simply took a few minutes to point out a few things in regard to what I actually said in previous publications here on TradingView and other social media. Yes, there is a chance to go up to $23,000 to $24,500 at present. Which is near the Yellow B-Band Basis in the 11-Day time frame. Does this mean we will not see or have a chance of another Sign of Weakness event in Phase E of Distribution? No... We are not out of the woods yet. Stay Awesome! David 16:01 by WyckoffMode 7 hours ago 1419 BTC Detailed Top-Down Analysis - Day 93Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst. 93 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich 03:12 by TheSignalyst Oct 28 2231 BTC/USD Multi-Timeframe & On-Chain Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. 05:30 by transparent-fx 19 hours ago 228 $SPY weekly multi time frame analysisPrimary trend is down. Intermediate trend is up. Where it could go from here is interesting.... 0 by dylanmojo 7 hours ago 1 ES1!10. 29. 22 Did the es went up $21,000 from its low 2 weeks ago. I'd probably be exiting my long Position, but I'll show you why there may be an argument for the market moving Even higher If you look at a longer time frame. And to this point, I added extensions to show you how to park it potential reversal patterns lower, as the market is moving higher. The most important thing if you're new to this, is to draw the extensions and retracements. 19:01 by ScottBogatin 8 hours ago 3 GOLD (XAUUSD): Is It Falling Again?! 🥇 Multiple time frame analysis for Gold. Price action & key levels. Potential scenarios. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️ 02:23 by VasilyTrader Oct 28 923 LAST DECISION FOR BTC !Hello guys , my name is Hadi karaali Known as Snipers_FX HERE WE GO FOR TOP-DOWN VIDEO ANALYSIS FOR BTC I truly appreciate your comments and support everyone! Let me know if you like the content, and if you liked me, don't forget to like and follow Always follow your trading plan, Risk management... And as usual trade save and Good Luck! Long 02:07 by hadi_devil18 11 hours ago 65 BTCUSDT SHORTBTCUSDT SELL entry 20777.43 tp1 17952.65 (RR 7) tp2 17645.17 (RR 8) sl 21177.82 *FXCG* Short Position 03:51 by FxCommunityGlobal 18 hours ago 4 Eth Price Prediction------------------------------------------------------------------------------------------- No frills, no bullshit! Just a quick update on the eth Chart! ------------------------------------------------------------------------------------------- DYOR - Not financial advice, just for education! ------------------------------------------------------------------------------------------ 01:37 by Crypto_Asset_Investor 18 hours ago 1 Follow-through is expected.After the strong close on Friday in the S&P 500, follow through to the upside on Monday would be expected. However, a large move would not be expected as the market waits for additional fundamental information this coming week. The objective for Monday would be a close above 3950. Long 04:18 by DanGramza Oct 29 3 See all video ideas STREAMS Week 44 (31Oct) + Week 43 reviewTech Analysis of the coming week +review of the current! Follow me and give me a thumbs up if you find this sharing useful! If you would like to know more, you can join my fb group to keep up to date with my analysis! 13:25 by Shadowing_The_Big_Boys 6 hours ago 0 SURFractals: Bitcoin Wavemap ReviewReviewing near-term analysis of Bitcoin to give a detailed prediction of where the waves may be headed. 04:52:14 by DigitalSurfTrading Oct 29 7 Digital Surf: Bitcoin Enters Crypto-SpringReviewing my macro and near-time analysis of Bitcoin to give detail of future projections. 28:23 by DigitalSurfTrading Oct 28 1 How To Predict BreakoutsHere is a simple way to make lots of money using sine waves 08:52 by NewtonsWave Oct 28 12 TA Session #134 - Friday Market Open 👉Scheduled Streams: Monday - Friday 9:15 am EST / 15.15 CET (15 minutes before NYSE Open) 👉Content: Price Action Based Technical Analysis that is Crypto focused but the whole market is covered. Chart Requests and TA Questions are Encouraged! 01:23:58 by TrendmasterOfficial Oct 28 21 Lets Finish Off The Trading Week!Lets go over the market this week and calls we made.. That way we can LEARN! Ask all you must! 16:43 by WillSebastian Oct 28 2 Learn To Trade FOREX Using Supply & Demand & Smart Money Concepts - Fri 10/28/22Let's prepare for trading the NY Session together! Analysis & trade ideas! - We will be applying this strategy to all markets. Learn to earn! 25:43 by RT_Money Oct 28 6 TradeToProspa - Crypto market review We will focus on #BTC and #ETH with its alignment with market indicators for the likes of #DXY, #SP500, #NASDAQ, #USDT, BTCDominance, and #TotalMarketCap. If time permits, we will look at a few favourite ALTS 01:49:38 by ssari Oct 28 4 Finally Friday!Good morning and welcome to episode 716 of ‘Talking Bull’. In this video/podcast we cover the main headlines and what to expect from the day ahead. 40:49 by Signal_Centre Oct 28 7 TRADEWITHTRAVIS 10/27 NIGHT SESSION#NAS100, #US30, #DAX, #SPX500, FOREX PAIRS, #XAU/USD, #BTC & MORE Scheduled Streams: Monday - Friday 6:30 UTC and we go for about 45 min to a 1hr+ depending on the markets. Stream Content: Economic Calendar , Big 3, Indices, and VRTX Trades 44:25 by CarterKyleCapital Oct 28 5 See all streams BROKERS TradeStationFeatured Stocks, Crypto, Futures Great Learn more Capital.com Forex, CFDs Excellent Open accountLearn more Pepperstone Forex, CFDs Excellent Open accountLearn more easyMarkets Forex, CFDs Great Open accountLearn more FOREX.com Forex, CFDs Great Learn more FXCM Forex, CFDs Great Open accountLearn more See all brokers LOVE IN EVERY #TRADINGVIEW Take a look at the #TradingViews that inspire our community @johndollery @trader_bence01 @nasdaq.forex @fx.today @tradinglearning @jonnygodfrey_crypto @mytradingsetup @jonavrl02 @ceoann.garcia_fx @rehanams @tradewithaks @positivetrading @jordforex @Cenobar @malikriv @dehandreh @mytradingsetup @Tradeciety - Rolf Explore the world READY TO START? 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