Indicator-based analysis is used by many traders to help them make decisions on what trades to take and where to enter and exit them. TradingView has 100+ built-in indicators for market analysis, based on industry-standard formulas. The public library contains 5,000+ custom built indicators, created by talented community developers. Custom indicators are coded in the Pine programming language which allows users to create them from scratch. Indicators are calculations that are displayed on the chart, based on price or volume.
Throughout my trading career, I have seen traders applying traditional price action Indicators, but they lag in many ways to Breadth tools which can give a more clear insight into any Market.
What is the difference between Indicators vs Breadth tools?
In the Chart, I tried to compare the most famous traditional indicator MACD vs US Cumulative TICK.
VEGETABLE MARKET VS STOCK MARKET -WHAT IS THE DIFFERENCE ?
MARKET is a PLACE which facilitates the TRADE.
Trading facilitates the asset to get the fair value pricing.
Vegetable Market facilitates the veggies to get a price tag depending on the Demand and Supply. There are some many other factors like weather, import decision affects the price. But on any...
This example is bets suited for RSI hidden divergence.
We all know double bottom or double top RSi divergence to identify trend reversals.
But with the help of Hidden divergence we can find out trend continuation.
Lets start !!
- On 18 April stock is traded 411 and RSI shows the 51.29 reading .
- But it break the support level and fall further.
- it again...
Reliance Industries unlike the banks didnt have follow up buying after the election day corrections
its close below 50 and 20 dma.. and 20 dma has a negative crossover on the 50 dma,
looks like it will 100 dma and also fill the gap
Please find all the levels in the chart:-
The market may be volatile because of VOX @ 26.
-If NF will sustain above 11690 to 11700 then go long with SL: 11680 for the target of 11750-11780
- If NF manage to sustain below 11700 then go short with SL: 11715 for the target of 11650 - 11600-11590
Interesting thing is that there is a gap in NF from 11420 to...
Titan after moving after non stop from 1080 to 1240s is having resistance around 1260 to 1300 mark..
looks like a tough resitance to cross in the forst go considering it has already rallied non stop from 1080
if results of elections are favorable for market and we get a spike to 1300 or above.. it would become stretched on daily chart.
DABUR is at improtant zone,, trendline resistance. 100 dma resistance . support from the trendline of the current move and formed a daily toppish candle..
also formed negative divergnce on 4 hr candle chart pattern
any move above todays high can test 200 dma at 420
lot of resistances overhead.. 100 and 200 dma..tomorrows candle is important