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Indicators

Top 3 TradingView indicators for trading the NFPNFP or Non Farm Payrolls is one of the most important economic reports that forex, commodity, and stock traders follow because it can act as an indicator for health of the US economy. The NFP reports on the number of jobs added to the US economy in the previous month excluding those employed by farms, the federal government, non-profit organizations and private households. The NFP report is released on the first Friday of each month and can be responsible for some of the biggest movements in Forex and other assets. Trading the NFP before it even happens can be risky because of the high volatility and possible widening spreads. It can be safer to wait 15 to 30 minutes after the release of the NFP report and pair your technical analysis with the following 3 indicators. Top 3 indicators for trading the NFP: Auto Fibonacci Levels + Auto Trend Line Generator Retracements after the release of the NFP are not an uncommon occurrence as predicting the value of the NFP is frequently far off the mark. As the market digests the unpredictable NFP results it can set out to correct its wrong assumption. Trading the NFP during retracements could be tiring, especially if you are doing a lot of Fibonacci calculations. The Auto Fibonacci Levels + Auto Trend Line Generator Indicator helps you with this, by showing you the most important Fibonacci retracements points directly on your graph. Sessions & Days Of The Week Sometimes it is best to keep it simple. The Sessions & Days Of The Week Indicator is discreet but is an important indicator that will show you the day of the week and the start and end of each day. This gives you a wholistic view of the markets from a global perspective which can help you understand how behave in the days and hours leading up to, during, and after the NFP. The indicator is applicable over all time frames so keeping track of different times zone and session changes over is a cinch. Volatility Quality Index w/ Pips Filtering One of the oldest indicators that has been used by traders for years is VQ or Volatility Quality Indicators. This indicator can be vital for determining a bad (unsustainable) and good (sustainable) volatility caused by an NFP release and great when you need an additional confirmation before entering a trade.
by BlackBull_Markets
The Powerful Indicator that can lead you to SuccessHello Everyone, Today we are again with a New Topic CRS (Comparative Relative Strength) So Lets Start What is Comparative Relative Strength This chapter will share insights on a valuable lesser-known form of market analysis referred to as comparative relative strength ( CRS ). This is the study of one stock or sector in relation to other sectors or the overall market. This technical study can give a better look at where the money may or may not be flowing. Comparative relative strength is not to be confused with Welles Wilder's relative strength index or Williams Percent “R” indicators. Both of these technical tools are considered oscillators and give an indication if the stock or security is overbought or oversold relative to its past price action over a specific period of time. WHAT IS IT USED FOR? In using CRS , we take one market and divide it into another, and the result is a continuous close line graph. Typically, the numerator is the product that we are comparing against the denominator or benchmark. This technique is used to uncover or detect any hidden weakness or strength when analyzing one company against another in the same sector or comparing an individual stock against its related industry sector. We can also use this technique to compare individual stocks or sectors to the benchmark stock index like the Standard & Poor's ( S&P ) 500, the Dow Jones Industrial Average , the Russell 200, the Nasdaq 100, or the Nasdaq Composite . Why do traders use this analysis method? To see where the money is flowing to help confirm a trading bias. To see if a stock or sector is outperforming compared to its benchmark. To see which are the weakest sectors compared to the benchmark. As an early warning signal. Pair Trading A pair trade simply consists of buying one company and simultaneously selling short another similar or “like” company with the expected results to see the company one bought outperforming the company that was sold. Keep in mind that the key word here is performance. As you will see, markets can move higher or lower, but one product may not move up or down as far or fast compared to the like market. This is why a spread or relative strength chart may show an increase or decrease in the trend. Example of Pair Trading :- We saw a couple of months ago that when Ronaldo moved two Bottles of Coke, The share price of coke started to a downfall in this situation Pepsi will get a much profit than coke so we will select Pepsi to buy CREATING THE CHARTS Setting up your charting platform is relatively easy. A basic relative chart is created as a spread chart. Here are a few reasons why you want to look at a comparative difference chart. Comparative analysis or pairs-trading charts are easy to create. Again, we're only looking at the price relationship of one product against another. Logically, since the price is dictated by the laws of supply and demand , you can anticipate that when one market outperforms another, it will do so over a period of time, which lends itself to a trending condition. As you can see with the Help of the Moving Average and the Breakout of Trend Line in CRS ( Comparative Relative Strength ) This shows with the potential of moving up The dead Company Tata power shows a big bullish than Power grid Trader's Tip 1. When placing a spread trade, one should remember to enter the size of each side of the trade basis, and the notional value of each side of the spread. Spread trades are not necessarily placed on a “one-to-one” basis, such as selling 100 shares and buying 100 shares. In commodity spreads, for example, one platinum contract is 50 ounces and one gold contract is 100 ounces. Therefore, as a correct spread trade, a ratio of two contracts of platinum versus one contract of gold would be the correct trade per spread order. As for the S&P 500 (ES) versus the Nasdaq 100 (NQ), if the E-mini S&P is valued at 1,340 and the index is priced at $50 times the index, then the notional contract value is $67,000. At the same time, if the E-Mini Nasdaq 100 contract is valued at 2605 and the index is priced at $20 times the index, then the notional contract value is $52,100. Therefore, a correct ratio for a spread trade between the ES and the NQ would be four contracts of the S&P versus five contracts of the Nasdaq 2. Thus, using comparative RS is by definition trading metric. Once again, the question begs: How we can make money using this form of analysis? Spread charts or RS comparisons graphs can give you an idea of the best place to put your money, but perhaps it may help you decide where not to put your money. Using trend-line breaks in the RS charts helps us to uncover what we call divergence between the spread chart and absolute prices. Therefore, make sure you set up your trading platform so that you look at the two different markets that you want to compare against, as well as the spread or the RS chart. Two definitions of metrics found in Webster's dictionary are 1. The art of metrical composition, which is pertaining to measurement. 2. Combining form means the science of measuring that specified by the initial element. Automating Signals Most traders and technicians ask themselves what they can do to improve their indicators so they can respond more quickly to changes in market conditions. The obvious answer is the speed at which the data is received. But for end-of-day analysis, speed is not an issue. With thousands of markets to analyze, it would be nearly impossible to detect signals in all the market combinations, a requirement of using RS analysis. Therefore, it is best to take advantage of computer technology and create an automated scanning feature. How do we create this? By using moving averages on the RS charts themselves. As a rule of thumb, when using moving averages, the shorter the time frame, the more sensitive it is to price changes. I find that using a simple moving average for shorter time periods is effective for using longer time frames. Using a weighted moving average to the nearest close is more effective. For instance, if I'm using a 3- period moving average, I would use a simple moving average . If I'm using 12 or more time periods, I would use a weighted close moving average. In the following examples, I am using a 15-period weighted moving average . Comparing two significant charts, So that we could find which gives more profit and which gives less Conclusion Comparative RS analysis demonstrates the concept of sticking with stocks in the strongest-performing groups—that's not to say that you can't make money in an overall rising stock market, but your best rate of return or performance will be with the stocks that are tied to strong industry groups. It also helps identify the weaker sectors, so you may figure out what to avoid. That way you are not putting good money to use on a less productive market. I don't want to make this out to be the end-all form of analysis. As I will discuss, there is no one single holy grail of market analysis tools or techniques; that's why we look for corroborating analysis, such as trying to fine-tune our indicators and finding the need for using a moving average of the spread or RS line in addition to trend line analysis. The coming chapters will show how we can apply other tools and techniques to help pinpoint our price entries as well as exit strategies. Hope you all Like it Bye-Bye for now
NSE:NIFTYEducation
by UnKnowN_ThE
Intraday Price Action Indicator - Multi TimeframeHi, Success in the stock Market without good Tool and Guidance is Challengeable. Here is the Indicator which is very user friendly and effective for intraday Trading. Please checkout the Signature tab and Join the link if you need this. Details of the Indicator: Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone. CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions. BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly) Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries. Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits. Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits. Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals. Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal. BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time. Dashboard : 1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways 2. Today – Current Session expectation in the Market ( Bullish / Bearish ) 3. Sentiment – Indicates the Traders mind set (Positive/Negative Side) 4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways 5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend) 6. Other Parameters – Will indicates the present situation in the market 7. RSI Values – This is to know and understand the momentum of the particular script
NSE:NIFTY
by ViVenTraders
Bank Nifty - Intraday Levels for 14 July 2022 - Weekly ExpiryBanknifty Levels for Tomorrow.. Trend : Bearish Sentiment : Negative Expectation : Bearishly Aligned but Rangebound / Volatile day Expecting Banknifty to Open Small Gap Down / Sideways Open any support near 34600 level we can look for Long Opportunity. Being an expiry day wait for 1st half to identify the trend and then take your trade around 1:30 Pm Buy above 34646 - Target CPR / Sell Reversal 34965 Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTY
by ViVenTraders
Bank Nifty - Intraday Levels for 12 July 2022BankNifty Intraday Levels for Tomorrow.. Trend : Bullish Sentiment : Positive Expectation : Bearish Reversal Expecting BankNifty to Open Flat / Small Gap down as Global indices are trading mixed - so it may open around BUY Reversal zone / Inside CPR, any breakout above CPR we can look for BUY opportunity for PDH and SELL Reversal levels. If any weakness and breaks 35175, we can expect reversal in BN. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
Nifty - Intraday Levels for 12 July 2022Nifty Intraday Levels for Tomorrow.. Trend : Bearish Sentiment : Positive Expectation : Bearish Reversal Expecting Nifty to Open Flat / Small Gap down as Global indices are trading mixed - so it may open around BUY Reversal zone, wait for a pull back to test Trend line then we can go long for Targets CPR, PDH / SELL Reversal levels. Incase any breakout above CPR is also we can see some Buying Opportunity. If Nifty trades below CPR, there is a possibility to test PDL and lower Targets. As this week is going to be Sideways market. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYLong
by ViVenTraders
Technical Indicators: Are they certain or probabilistic?There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones. 🔊 General Definitions ✔ Trend Indicators : They represent the overall direction of the market. These indicators lose their significance in a sideways market. ✔ Momentum Indicators : They represent the rate of change in price over a period of time. These indicators oscillate between a defined upper and lower limit and hence are also known as oscillators. ✔ Volatility Indicators : They represent the intensity of price swings around the mean price. These indicators are useful in identifying vital values such as stop loss and targets. 👉 Select carefully : Any indicator can be selected from a specific group but it should be avoided to select two indicators from same group. Reason being two indicators would fire signals for the same characteristic and hence one of the signals will become redundant. For using multiple indicators, it is advised to take only one signal from each group. 👉 Certainty behind indicators : Trading is probabilistic and indicators are a subset of trading, hence they cannot be certain. In simple words, indicators are derivatives of the price action so most of them are delayed. That is the reason, many a times, signals are fired too late. On the other hand indicators are good at devising strategies. 🚩It is advised to trade one strategy consistently. One advantage of indicator based strategies is that they make the trading process more mechanical and hence help in infusing discipline. In this way it may suppress the haunting psychological weaknesses in traders over a period of time. 🚩There are some traders who have used indicators and made money while most of the others have given up on indicators and made money by trading price action only. In my opinion one should always give it a try before giving up. It will surely add to one’s knowledge. I am not too much in favor of indicators but one should always try to discover new things for creativity. I hope it helped. Thanks for reading 👋
NSE:NIFTYEducation
by Bravetotrade
7
Nifty - Intraday Levels for 28 Jun 2022 Nifty Intraday Levels... Trend : Bullish Sentiment : Negative Expectation : Bearish Reversal Expecting Nifty to Open Flat / Small Gap down below CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Virgin CPR below at 15700 ... Any breakout above CPR , buying opportunity and sustains above R1/Bull Breakout levels we can expect Nifty to test 16000 Refer the chart for detailed Intraday Support and Resistance levels for 28th June - Tuesday. Happy Trading!!
NSE:NIFTYShort
by ViVenTraders
#Mothersumi Good short term buy As we can see #mothersonsumi system has formed an inverse cup and currently forming a channel where we can expect few levels for a short-term period. Below is the level Level 1:- Closing and Sustaining above 221.95 Level 2:- 230 (Once this target is achieved we can expect a shortfall followed by a small bull run) Also, the indicators are showing a good buying sign, MACD - cut up Rsi - 54.34 All the levels mentioned can also be considered as Support and Resistance lines.
MLong
by Dhaval_Parekh
BEEN WORKING ON A TRADING PROGRAM FOR 3-4 MONTHS THAT WILL..... BE A ALL IN ONE INDICATOR FOR BITCOIN BUT I BELIEVE IT WILL WORK FOR ALL CRYPTOS AND STOCKS, THIS IS THE START OF MY "10XBITCANDLES" BITCOIN PARSE 20+ ALL IN ONE TRADING INDICATOR FOR DUMMIES, IT WILL HELP CUT OUT THE NOISE AND READ THE LANGUAGE OF EACH INDICATOR GIVING EACH A VALUE OF 5% AND AS EACH INDICATOR GIVES THE SHORT/LONG -BUY-SELL SIGNALS SO SHALL OUR PERCENT OF WINNING THAT TRADE WITH A HIGH PROBABILITY OF ACCURACY UP TOO 100% , I AM STILL CONSIDERED A NEWBIE TRADER MYSELF NEXT TOO THE GREAT VETERANS THAT HAVE GIVEN THERE SCRIPS TO THE GUYS JUST STARTING OUT TRADING AND CHARTING AND I THANK THEM FOR THE OPEN SOURCE VERY VALUABLE HARD WORK IN SCRIPTS AND WRITING NEW PINE CODE FOR ALL OF US HERE ON TRADING VIEW THE BEST CHARTING PROGRAM TO DATE WITH A AWESOME COMMUNITY OF TRADERS AND CHARTERS, YES I HAVE LOST MY SHIRT IN THE PAST FEW MONTHS TRADING AND I CHOSE TO NOT PAPER TRADE AND NOT PRACTICE WITH NOTHING TO LOSE BECAUSE I KNOW FROM EXPERIENCE WHEN WE HAVE NOTHING TOO LOSE WE ARE DANGEROUS MOSTLY TO YOURSELF, I BELIEVE WE U HAVE TO ENDURE PAIN AND LOSS TO GROW AND LEARN IN ORDER TO BECOME THE VERY BEST AT WHAT YOU ARE LEARNING , BELIEVE ME IT WAS VERY FRUSTRATING TO GET REKT DAY AFTER DAY ON BYBIT AND IT WAS VERY HARD LOSING ALMOST 10K AND REALLY STARTED TO THINK THAT THE GAME OF TRADING IS RIGGED AND I SAW JUST HOW THE TECHNICAL S ,FUNDAMENTALS IN BITCOIN TRADING STARTED TO CHANGE AFTER THE FUTURES EXCHANGES AND THE BIG WHALES GOT INVOLVED AND IT WAS NOT SO MUCH THEY WERE RIGGING THE GAME BUT IT WAS MYSELF BEING A NEW TRADER AND I WAS LOSING BECAUSE I WAS STILL NEW AND ON THE OTHER SIDE OF EVERY TRADE IS ANOTHER TRADER WITH THE OPPOSITE SHORT OR LONG AS YOU AND HE WAS JUST BETTER AND I KNEW I WAS GOING AGAINST SOME SEASONED VETERANS SO I KNEW I HAD TO STEP UP MY GAME AND BUILD A KICK ASS CHART AND USE ALL THE TOOLS TRADING VIEW OFFERS AND ALL THE GREAT SCRIPS OUT THERE FOR ME TO USE SO I DID NOT HAVE TO INVENT THE WHEEL AGAIN BUT KNEW I HAD TO INVENT A BETTER TRADING PROGRAM, BOT, ALGO'S A ALL IN ONE SIMPLISTIC INDICATOR PROGRAM USING THE BEST TRIED AND PROVEN SCRIPTS FROM THE PROS ON HERE AND MAKE TRADING EASY BUY CUTTING OUT ALL THE NOISE AND LET THE PROGRAM DO ALL THE CALCULATING AND WORK AND MAKE A PROGRAM THAT WILL TRADE FOR ME AND OFFER IT UP FOR SUBSCRIPTION ONCE IT WAS BACK TESTED AND PROVEN TO GET ME WINNING A HIGH PERCENT OF TRADES WITH A PROGRAM THAT GIVES YOU THE HIGHEST PERCENT BASED ON MATH AND INDICATORS AND NOT ON LUCK , SOMETHING TO READ THE NOISE AND JUST MAKE IT LESS COMPLEX AND TIME CONSUMING SO WE CAN SPEND THAT TIME WITH OUR CHILDREN,WIVES AND FAMILY WHILE MAKING DOUBLE OR TRIPLE THE NET PROFITS DOING LESS , ACTUALLY DOING NOTHING BECAUSE I HAVE DONE ALL THE HARD WORK, EDUCATING, AND TAKING ALL THE LOSSES SO YOU AND I CAN NOW REAP THE BENEFITS OF TECHNOLOGY AND DAY TRADING WITH A GREAT SOURSE OF INCOME THAT WILL ONLY COST YOU LESS THEN A HUNDRED BUCKS A MONTH AND THE ELECTRICITY TO RUN A LAPTOP, ANYWAY THAT'S MY DREAM AND THIS CHART IS THE START OF IT AND LIKE TO GIVE BACK TO TRADING VIEW WHAT IT GAVE ME AND THAT WAS FREE SCRIPTS AND CHARTING TO TRY AND TEST OUT , YES I KNOW WE ONLY GET 3 FOR A FREE MEMBER BUT IT WAS WELL WORTH THE FEW EXTRA BUCKS A MONTH TO BECOME A PRO AND TO BE ABLE TO USE OVER 20 INDICATORS AT ONCE AND TO BE ABLE TO EDUCATE MYSELF WITH EACH INDICATOR,CHARTS AND SCRIPTS YOU GUYS IN THIS OPPORTUNITY HAVE OFFERED AND GIVING AND I THANK YOU, TODAY IM ALREADY WINNING MORE TIMES THEN LOSE AND I HAVE TO SAY MY WINNING TRADE RATIO ALREADY IS AT 60-65% AND THAT AFTER A FEW MONTHS OF GETTING REKT, BUT IM COUNTING ON THAT RATIO MOVING UP TO CLOSER TO 75-80% ONCE MY "10XBITCANDLES" IS BUILT, CREATED AND BACK TESTED . ENJOY THIS GREAT CHART AND THE BEGINNING OF THE BEST TRADING PROGRAM FOR DUMMIES ON THE NET..LOL TRADINGVIEW, 10XBIT.TRADER
BYBIT:BTCUSD.PLong
by TENXBITTRADER
1
NIFTY levels for the month of "valentine" nifty ANALYSIS 4 the month of " BEAUTY , LOVE , PROMISES , Choclates , TEDDY BEARS AND BARBIE DOLLS ,and {broken promises } I AM OVERALL bearish on the market and see any opprtunity of rise below IMP levels can be good opportunity to sell , market may consolidate at the range of 10650 - 760-800 mark and further a down slide can be seen . an upside can be possible only IFF it sustains 10800 MARK AND THAT may lead to 111050 and 11175. the possibility of 11200 for me is near to IMPOSSIBLE ! but lets wait and watch what the MONTH OF LOVE brings !
NSE:NIFTY
by pratik2358
1
Nifty : More with Indicators & Stuff !Indicators ??? On InsiderB post ?! Oh yes & It's not by mistake, for the purpose of explaining few things to the community. The wide spread view on Indicators be it RSI, Macd, stochastic or any indicator is that they lag & always come behind price action, they fail, can't be used for counter in trending markets, n lot more. But, Does any of the strategy out there works 100% of the time without failures ? In the same way Indicators do fail at times & work at times but if the same indicator is used with discipline without switching from one to another every week/day, you will be doing good at trading. So all of sudden I support Indicator usage ? I support all kinds of trading except gambling without a plan, its just that most of times I don't use indicator to take a trade, for very few setups only I look for RSI else none only price action. During starting phase of trading its more than welcome to use an indicator. Why ? Bcos it takes out the confusions for you indicating a direction for you, leave about trade fails or wins, if the same indicator & setup is followed every single time you can simply make money with an Indicator & moving averages. Bcos the winners will compensate the money you lost but only thing same process needs to be repeated for trading every single time. Marked those 1 & 2 just to show how they work normally, 2 being normal scenario they are well aligned with price & as price moves down, Indicator also goes down. But look at 1 . those are opposed, its divergence. The zones marked ( circled white), first two worked n next failed. There is Normal divergence & Hidden divergence and if you google you will find those variations & there are different school of thoughts which conflict which each other calling same divergence as Bullish & Bearish. And, last point as I shown Macd, it doesn't mean I'm following it :) Points to take home : i) Indicators has its flaws, Not failure ii) If followed consistently it makes money InsiderB
NSE:NIFTY
by InsiderB
20