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Indicators

The BEST Trading IndicatorWith the ever increasing number of indicators, it makes sense that beginner traders’ wish to cut the steep learning curve by trying to find which indicator is the best and the most profitable to choose from. It’s overwhelming to start trading with so many jargon terms like, the MACD, RSI, Stochastics, ADX, Bollinger Bands and so on… Luckily, you won’t ever have to worry about any of these indicators. Here’s why… The quest to find the perfect trading indicator There is a big misconception when it comes to learning how to trade. Most new people start by going onto Google to search for the ‘best trading strategy’ or the ‘best trading indicator’ to speed up their success. Everybody wants to find that perfect trading indicator that will help them profit 80% to 100% of the time. Yet, at most, there are only 5% of traders’ out there who are able to make a consistent income with trading. I have two main reasons on this matter, which I’ve gathered since 2003. Reason 1: All indicators are history With local and international markets such as the stock market, Forex and even with crypto-currencies, there are billions of rands traded every day. With the ongoing economic, socio and political events taking place, every transaction from either a company, private individual or even a bot is entirely unique and UNEXPECTED. So which indicator is the best to choose from? Well before you go and do research on each indicator there is to trade with, let me spare you the time and tell you this… Every technical indicator and oscillator out there, is based on one thing. HISTORICAL DATA. When you add an indicator onto a chart, it can only show one of three things which are either the: Current momentum. Current trend direction or the. Demand and supply based on buying and selling volume. Not one indicator has any form of predictive qualities. Even with the dawn of Artificial Intelligence and Quantum Computing, there will most likely never be that one indicator that will be able to predict the future with accuracy and certainty every time. However, let’s say there is that one Quantum Computer that is able to take every news event, internal and external factor into account. The information assembled and collected, will still be based on past data. By now you may be feeling like your life has been a lie with all the marketing fluff out there with the 100% win-rate and get rich quick scams, but I assure you there is one legit way to succeed from trading. Reason 2: Each element is essential It doesn’t take just one trading strategy to bank a consistent income. It doesn’t take just a few rules to follow and, It doesn’t take a whole lot of money to fund your account to make it as a trader. No, in actual fact it takes four equally important elements namely: MARKETS: You need to find the best markets that are out there to trade and when to trade them. METHOD: You need to create or adopt a proven trading strategy that will fit your personality. (Price action with a few patterns is all that's needed to spot probability trades). MONEY: You need to have just a couple of money management rules, to follow every time you take a trade. MIND: You need to find a way to develop trading self-confidence as well as a strong mindset throughout your career. This is where so many different trading companies, publications and even education institutions seem to miss the mark. They either specialise ONLY in psychology, trading analysis or just on money management. Unfortunately, this is one hobby or lifestyle where being an expert in ONE field will not guarantee your success.
JSE:J200Education
by Timonrosso
2
Still short SPX, reasons why from my viewTrendline from the start of the year was touched. 410 resistance was touched and rejected immediately, volume profile shows this was a key pivoting point all year lower volume, and price exhaustion on 9 count(weekly+daily) Bearish behaviour at 200 ma again Fib retracement shows we are in the golden pocket like the other rallies this year(0.618-0.7) Bearish divergences on macd and many other indicators Rising wedge on current rally(bearish) Breadth indicators are above April levels for the spy Vix has a positive divergence and is at strong support
SP:SPXShort
by Okbronpbro
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE BTC is forming this big falling wedge pattern what is falling wedge pattern The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. *BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout * RSI is also sowing some bullish divergences move *If it conform this pattern then according to the pattern we will see good bounce Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by MartinTraderc
4
Ethereum Stuck in a Sideways Range!It seems like ETH has established its own sideways range recently after looking at the 1h chart. You can see above that we're stuck between the $1300 level and the $1270 level. I'm watching the Wave Fusion indicator closely to see if it gives us any big signals (potentially even on the 15min) and will act accordingly. The big levels to watch out for if ETH breaks to the upside is the $1360 level. I'm looking for at least one rejection here. And if ETH breaks to the downside I'm looking at least $1240 (pink line) or worst case, $1150 (major support level). Either way, I would not force a trade here. Still very much indecisiveness going on so you're best waiting on the sideways until we get a definitive move in either direction. If you enjoyed my TA or had a any questions, please comment below or send me a DM :) Thanks for reading!
Long
by CryptoScripts
6
Bitcoin Showing Strength! Will it Last?In this post, I'm going to cover the major support/resistance levels for BTC and where I believe we're going from here: Based off the 4hr chart, we're currently in an upwards channel as shown above. This channel started from the bounce at 15.6k (green horizontal line) which was the bottom wick from Nov 9th and also coincided with a buy signal from my Wave Fusion indicator (in my scripts page). Our next micro resistance remains the 17.2k level that we previously rejected from yesterday, along with MAJOR resistance at the 17.6k level. I'm watching my Wave Fusion indicator very closely if I get a sell indication that coincides with either of those two resistance levels. If so, I'll take a short and target the various support levels below (16.7k, 15.9k, or 15.7k). If you enjoyed my technical analysis, please leave a boost and if you have any questions on my TA or indicators used, please leave a comment below or send me a DM :) Thanks for reading!
Long
by CryptoScripts
3
NEARUSDTHello Dear friends In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued. On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened. As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.
Long
by FiboTech
2
BNB will continue to rise! Long-term perspective!BNB review for a long-term trade. After analyzing the trend structures, I can assume that the price of the coin will continue its upward movement to the values ​​of $400+. As can be seen from the signal of the indicator, the breakdown of the descending structure occurred at the end of July, where the descending trend line was also broken. And from these values, the trend was not broken. Today, the trend line was tested from above, which indicates the confirmation of the ascending structure and continued growth. Goals for moving up $400-$450. Here in these values ​​and the next downtrend line. The indicator also did not show sales yet, so the reference is only to purchases.
Long
by Lo_lo_nya
4
TRADINGVIEW PINESCRIPT CODERS PRO+ USER NEEDS TRADERS , I'm looking for pine script coder, programmer to create me a automated indicator that can calculate my new (TDV) TOP DOWN VOLUME ANALYSIS INDICATOR idea, using the multi time frame top down analysis approach, I came up with this idea based on math, time frames, percentages of volume calculating it manually taking the color (red) for bearish/shorts and (green) bullish/longs of the last 3 out of 5 candle volumes in each time frame from 1m to 1w with total time frames (18) giving each TF a value #1-3 giving more value and weight to the higher TF and lower values weight to the lower as that's how top down analysis multi time framing work's I'm putting sample on screen with description and my new TDV ANALYSIS logo. IF ANYONE IS INTERESTED IN BUILDING/CREATING THIS INDICATOR please pm me on here so we can talk, just want to say that many traders believe price is king and most indicators are lagging but i believe VOLUME is the true king because its what pushes price and momentum and volatility so i believe there can be a holy grail indicator that has not been adopted or built yet and i think this idea has very good merits and could be just that, a all 4 in one leading indicator to take buy and sell trades based on volume alone as long as you know if its the bulls or bears with the volume power, a signal of say 100% bullish or bearish volume could be a great catalyst for a nice price move and momentum once alerted or signaled. thanks guys, tradingbugtech & traderdadzz
by TRADERBUG_TECH
BTC investment idea!The global movement of BTC remains under the downtrend. After the fall, the price came to the support of $15,500 -$15,900. I don't expect a long reversal yet, as there is still support from below at $12,050-$13,300! Also, the indicator, which works on the basis of a surge in volume, did not show entry into a long position. Since January of this year, the short scenario has been in effect. The indicator, of course, gives signals for buying and selling, but always conduct those yourself. market analysis. At the next support ($12050-$13300) I will consider purchases in the investment portfolio!
Long
by Lo_lo_nya
1
Why my indicators are open-source, and why yours should be tooThis post explains my mindset of why i publish only indicators and only under open-source. A common opinion is that if an indicator or strategy is publicly known, then it cannot be profitable. In economics theory, this is known as the efficient market hypothesis(1), which states that once a strategy is widely adopted, it is integrated in prices and hence cannot be profitable anymore. Hence, it is a legitimate question to ask: are any of the open-source indicators useful for professional trading? I do not believe in magic bullet indicators, those that are claimed to indicate when to buy or when to sell. I don't think any indicator, or even any set of indicator, can reliably do that over the long term in any market without human intervention to decide at some point when the signals are true or false positives. Likewise, i do not believe automated strategies can reliably be profitable. Hence, my focus is to design indicators that can help reveal hiddee structures or simply help in visualizing faster and more easily market's data. As profitable traders know, the raw price action still rules above all, with volume and order flow being the next best metrics, but we can design indicators to give us an edge in terms of time spent analyzing the market, and this is what all my work is focused on: to save me time and reduce interpretation errors. And maybe it can be useful to you too. Indicators are merely a tool, and no two people will use them exactly the same. Just like giving a fishing rod doesn't make the recipient a fisher, i don't believe that just because indicators are free or open-source they lose their utility. The whole world is fishing, yet any competent fisher can still catch fishes, because they know where, when and how, it's not just because they have a fishing rod, and arguably, the fishing rod is only a necessary tool, but not the most important thing that makes them competent fishers: what makes them competent fishers are skills. In summary, i am trying to help in understanding the market, not in predicting it. Assessing likelihoods and probabilities of future events and knowing what you can do are your job and depend on your skills solely. If you don't know how, there are free online tutorials(2) to get started, but nothing replaces experience acquired through hard work. For example, one of my favorite ways to visualize is to encode sentiment related infos as a coloret bar at the bottom, or by highlighting the background. These representations may be simplistic, and that's the goal, anybody can understand them intuitively without even looking at the description, yet they can encode very complex and heterogenous information. The human brain remains the best informational system when it comes to integrating huge volumes of heterogenous data, as the financial markets generate. So my indicators are meant to boost brains, not replace them. Even artificial intelligence bots have a hard time being profitable (i know, this is my original field of expertise, they require near constant monitoring to avoid potentially catastrophical errors and tweakings to adapt to the market). There is simply no shortcut to hard training when it comes to becoming a good, profitable trader. Hence, even if my indicators are, I believe, vezy helpful to understand the market and can gice an edge, and ecen though I use several all the time, to be honest, you likely won't get any benefits if you don't know what you are doing, if you are inexperienced with trading. The above explains why i think publicly available indicators can still be useful, but not why i publish under open-source, which is anither step beyond free but clised-source publication. Truth is, I am marvelled by the open-source spirit in the TradingView community, which is the biggest database of open-source financial indicators ever. As I strted above, these indicators are unlikely to be profitable on their own, but that's not the point: sharing indicators is sharing an idea, a concept, a blueprint, that can then be developed further, or be food for thoughts for a whole new indicator, or just broaden your horizons of how you view the markets. Therefore, I decided to stay in this spirit and publish all my indicators under open-source. I am very grateful for the giants on which shoulders I stay, and I am eager to hear feedbacks on my work, so we all further our collective understanding of markets! Enjoy, and be safe! Tartigradia (1) Timmermann, A., & Granger, C. W. (2004). Efficient market hypothesis and forecasting. International Journal of Forecasting, 20, 15-27. (2) cobie.substack.com
INDEX:BTCUSDEducation
by tartigradia
28
HOW TO USE TECHNICAL INDICATORS TO MAKE PROFITS IN TRADING Always combine technical analysis with fundamental analysis Successful traders always combine the two types of analysis. This is because technical analysis tends to focus on the past events and fundamental analysis focuses on the present and future issues. In addition, there are certain situations where technical analysis will not provide adequate solutions. For instance, technical indicators are not programmed to predict the outcome. In such situations, it is important to rely on fundamental analysis and avoid the market because no one knows the exact number and how the market will react. Understand the indicators It is also important to understand the indicators to use. Different one have different ways of analysis. It is important for you to take time to learn these indicators and how they should set up. There are many learning materials which one can use to learn how the indicators work. I recommend that you take at least 2 months to learn the indicators using a demo account before using real money. Use Few Indicators As stated before, many traders make the sad mistake of using very many indicators at a go. Always remember that two is a company, three is a crowd. Traders who use more than two indicators at a go make mistakes because of poor visibility and poor market data interpretation. Therefore, I recommend that you use at most 2 indicators per trade. Patience In day trading, patience is an important aspect without which no trader can make it. In fact, some indicators are usually require more time before their predictions can come true. Following these tips, your indicator-trading will go to the next level. Do you agree with all these tips? Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
11