Get started

X-indicator

HOW-TO apply an indicator that is only available upon request?Recently, I've realized that my typical day involves constant encounters with indicators. For example, when the alarm clock rings, it's an indicator that it's morning and time to get up. I am checking the phone and once again paying attention to the indicators: battery charge and network signal level. I figure out in just one second that such a complex element of the phone as the battery is 100% charged and the signal from the cell towers is good enough. Then I’m going out on a busy street, and it's only because of the traffic light indicator that I can safely cross the road to reach the parking lot. Looking at the on-board computer of my car, with its many indicators, I know that all the components of this complicated mechanism are working properly, and I can start driving. Now, imagine what would happen if none of this existed. I would have to act blindly, relying on luck: hoping that I would wake up on time, that the phone would work today, that car drivers would let me cross the road, and that my own car would not suddenly stop because it ran out of gas. We can say that indicators help to explain complex processes or phenomena in simple and understandable language. I think they will always be in demand in today's complex world, where we deal with a huge flow of information that cannot be perceived without simplifications. If we talk about the financial market, it's all about constant data, data, data. Add in the element of randomness and everything becomes totally messed up. To create indicators that simplify the analysis of financial information, the TradingView platform uses its own programming language — Pine Script . With this language, you can describe not only unique indicators, but also strategies — meaning algorithms for opening and closing positions. All these tools are grouped together under the term "script" . Just like a trade or educational idea, a script can also be published. After this, it will be available to other users. The published script can be: 1. Visible in the list of community scripts with unrestricted access. Simply find the script by its name and add it to the chart. 2. Visible in the list of community scripts, but access is by invitation only. You'll need to find the script by its name and request access from its author. 3. Not visible in the list of community scripts, but accessible via a link. To add such a script to a chart, you need to have the link. 4. Not visible in the list of community scripts; access is by invitation only. You'll need both a link to the script and permission for access obtained from its author. If you have added to your favorites a script that requires permission from the author, you'll only be able to start using the indicators after the author includes you in the script's user list. Without this, you will get an error message every time you add an indicator to the chart. In this case, contact the author to learn how to gain access. Instructions on how to contact the author are located after the script's description and highlighted within a frame. There you will also find the 'Add to favorite indicators' button. The access can be valid until a certain date or indefinitely. If the author has granted access, you will be able to add the script to the chart.
NSE:BANKNIFTYEducation
by Be_Capy
How to trade in option market 💸🙏😊 👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
Risk, reward, and our absolutely EPIC Black Friday dealWorld-class climbers require the best equipment, gear, and preparation - they can't scale the most difficult mountains without anything else. For the world' best traders, they too must have access to the best tools and features. To climb to the top of modern markets, great research is a prerequisite. Our sponsored athlete, Alex Honnold, is the best free solo climber on Earth, known for scaling Yosemite's 3200-foot El Capitan without a rope. He once told us the following : "One way to de-risk my climbing is to practice on similar climbs until I have a high degree of confidence that I can successfully do whatever I've set out for. If I have a proven track record on very similar climbs then I know that the risk can't be too high. I guess the other way to say that is just to practice until a climb feels easy. If it's well within my comfort zone then it's no longer very risky." This Black Friday, we want to give traders, investors and anyone interested in markets the tools they need to get to their goals. That means practice, it means getting out there, testing new ideas, and finding the perfect trading strategy. All of you can get up to 70% OFF one of our paid plans from now until the end of the week. That's right... our epic Black Friday deal has begun. Now's your time to get the tools required to summit markets, to become the glorious trader you've always wanted to be with one of our paid plans, which offers the following: ⦿ Up to 8-charts layout ⦿ Up to 25 indicators per chart ⦿ Up to 20K historical bars ⦿ Up to 400 price alerts ⦿ Up to 400 technical alerts ⦿ Volume profile tools ⦿ Time Price Opportunities ⦿ Custom timeframes ⦿ Multiple watchlists ⦿ Bar Replay ⦿ Indicators on indicators ⦿ Intraday Renko, Kagi, Line Break, Point & Figure charts ⦿ Charts based on custom formulas ⦿ One month free ⦿ And much, much more Remember: Our deal won’t last long, the clock is ticking. If you have any additional questions, check out the FAQ on our official Black Friday page . Treat yourself to a plan and keep following us as we publish educational posts throughout the week. We'll show you several tips about using your new plan as each post will be designed to help you take full advantage of our epic Black Friday sale. Love, TradingView ❤️ Follow us on Instagram , Twitter , and Telegram for more valuable content! 💘
NYMEX:BF1!Education
by TradingView
7
Option Trading By Professional's🤑💲💸✔✔👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
Understanding CPR and its StrategiesWhat is CPR indicator:- Central Pivot Range (CPR) indicator is used to identify key points of price levels. The previous day's high, low, and close prices are used to calculate the CPR levels for the current day. It is comprise of 3 levels – Central pivot point (pivot point/PP), Top central pivot (TC) and Bottom central pivot (BC). These levels remain constant throughout the day. CPR is a leading indicator. Calculation:- TC (Highest level) = (Pivot – BC) + Pivot PP (Center level) = (High + Low + Close)/3 BC (Lowest level) = (High + Low)/2 Note: TC’s value may be lower than BC. But for understanding purpose the highest of the 3 values is typically termed as TC and the lowest is BC. Logic of this indicator:- A day's trading range captures everything about the market sentiment, So this range is used to predict the price movement of the next day. CPR width:- Once you add the CPR to the chart, You will see three horizontal lines. Top line is 'TC', Middle one is 'PP' and the Bottom one is 'BC'. Width of the CPR lines gives an idea of the expected price movement. If today is sideways movement throughout the day (distance between TC and BC lines of CPR is less), tomorrow’s CPR will be a narrow ranged CPR. It indicates a trending market. If today is trending movement throughout the day (distance between TC and BC lines of CPR is more), tomorrow’s CPR will be a wide ranged CPR. It indicates a sideways market. So More the trend, wider is the CPR and viceversa. Chart Timeframe:- CPR levels are calculated based on the daily timeframe and is used in an intraday timeframe. But CPR indicator works equally well on higher timeframes. If you trade on the EOD timeframe, then CPR should be calculated based on weekly price levels. The same can be extended to any timeframe. CPR is calculated on a timeframe higher than the timeframe it is used for trading. I recommended to use it on 5 minute or 15 minutes chart for high beta stocks or indices for intraday trading. //------------------------------------------------------------------------------------------------------------------- Strategy 1:- (CPR as Support & resistance Zone) CPR can be used as Support and Resistance zone. Any of the 3 CPR lines can be used for this purpose. When price falling from up towards these lines, These lines can act as Support. When price rising from down towards these lines, These lines can act as Resistance. Target and Stoploss can be kept as per risk reward ratio. //------------------------------------------------------------------------------------------------------------------- Strategy 2:- (TC & BC as Resistance & Support Line for Reversal/Pullback trades) Buy = When current price is Higher than ‘Top central pivot’ (TC), market is bullish, So look for buying opportunities. Buy Entry = Wait for price to pull back to the 'TC' line before initiating a new Buy Position. Buy Stoploss = Keep 'BC' as Stoploss. Buy Target = Keep Target as per risk reward ratio, that can be 1:1 or 1:2. Sell = When current price is Lower than ‘Bottom central pivot’ (BC), market is bullish, So look for selling opportunities. Sell Entry = Wait for price to pull back to the 'BC' line before initiating a new Sell Position. Sell Stoploss = Keep 'TC' as Stoploss. Sell Target = Keep Target as per risk reward ratio, that can be 1:1 or 1:2. Note: Strategy 1 and 2 are almost similar except that in strategy 1 entire CPR is used as support zone or resistance zone. whereas in strategy 2 its TC and BC used as Resistance and Support Level respectively. //------------------------------------------------------------------------------------------------------------------- Strategy 3:- (TC & BC for Breakout Trades) Buy = Any breakout above 'TC' indicates a probability of up (Bullish) movement. Also if the breakout candle has higher volume than the previous candles, it gives an extra confirmation of up trend. Buy Stoploss = Keep 'PP' or 'BC' as Stoploss as per your risk appetite. Buy Target = Keep Target as per risk reward ratio, that can be 1:1 or 1:2. Sell = Any breakdown below 'BC' indicates a probability of down (Bearish) movement. Also if the breakdown candle has higher volume than the previous candles, it gives an extra confirmation of down trend. Sell Stoploss = Keep 'PP' or 'TC' as Stoploss as per your risk appetite. Sell Target = Keep Target as per risk reward ratio, that can be 1:1 or 1:2. //------------------------------------------------------------------------------------------------------------------- Strategy 4:- (CPR for judging Trend in the Market) If the CPR lines forms higher high (HH) subsequent days and it looks like an upward ladder, it indicates strong bullish Trend. Buy trades can be initiated using price action. If the CPR lines forms lower low (LL) subsequent days and it looks like an downward ladder, it indicates strong bearish Trend. Sell trades can be initiated using price action. //------------------------------------------------------------------------------------------------------------------- Strategy 5 (Bonus Strategy for Options Seller, Selling OTM CE & OTM PE on Expiry) - Good way to eat premium (theta) on expiry. - You can also build algo or strategy based on this. Sell PE = On Expiry day wait for the price to touch "TC" level, When the price touch "TC" level Sell "PE" of strike price below "BC" level. keeping "PP" as SL. Sell CE = On Expiry day wait for the price to touch "BC" level, When the price touch "BC" level Sell "CE" of strike price above "TC" level. keeping "PP" as SL. //------------------------------------------------------------------------------------------------------------------- Like other technical indicators, CPR also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc). ABOVE SHARED EXPLANATION AND STRATEGIES OF CPR ARE ONLY FOR EDUCATIONAL PURPOSE ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. Hope you like it Happy trading :-)
NSE:NIFTYEducation
by MasterTrader1949X
7
EMA, Envelope & Bollinger bands for Trend Trade with Small SLWhat is an EMA:- An exponential moving average (EMA) is a moving average that measures the average price of a security and assigns more weight and meaning to the most recent data points. Compared to SMA, EMA responds more effectively to recent price changes and applies equal importance to all observations over the period. What is an Envelope:- Envelopes are technical indicators that are typically plotted over a price chart with upper and lower bands. The most common example of an envelope is a moving average envelope or an exponential moving average, which is created using two moving averages that define upper and lower price range levels. What is an Bollinger Bands:- A Bollinger Band is a technical analysis tool defined by a set of trendlines. They are plotted as two standard deviations, both positively and negatively, away from a simple moving average or an exponential moving average of a security's price and can be adjusted to user preferences. Logic:- We all have heard about Reversal trading based on "Bollinger Bands" and "Envelope" when upper and lower bands are far from the basis centre line. but these upper and lower bands can also be used for Breakout and Breakdown (Trend) trading with small/limited Stoploss. Chart Timeframe:- 200 EMA is a standard EMA used by many traders and it can be used in any timeframe. 200EMA can be used in Envelope & Bollinger Bands also. I recommended to use it on 5 minute or 15 minutes chart on stocks or indices for intraday trading, on 4Hour or 1 Day chart on stocks for for Swing trading, on 1 Week chart on stocks for positional Trading. //------------------------------------------------------------------------------------------------------------------- Strategy 1:- (EMA high/close/low) Three EMA's can be plotted with Length 200 for all three, but source different for all three high/close/low. When price close above EMA (high) its a Breakout, Buy - keeping Stoploss as price closing below EMA (low) and Target as per 1:3 or 1:5 risk reward ratio. When price close below EMA (low) its a Breakdown, Sell - keeping Stoploss as price closing above EMA (high) and Target as per 1:3 or 1:5 risk reward ratio. //------------------------------------------------------------------------------------------------------------------ Strategy 2:- (Envelope - Upper Band/Basis/Lower Band) Envelope can be plotted with Length - 200, Percent - 0.05 , Source - close, you may use Percent as per your risk reward and as per the setting which suits you. however i have used percent - 0.05 for 5 min and 15 minutes timeframe for intraday in index here in this idea. When price close above upper band its a Breakout, Buy - keeping Stoploss as price closing below lower band and Target as per 1:3 or 1:5 risk reward ratio. When price close below lower band its a Breakdown, Sell - keeping Stoploss as price closing above upper band and Target as per 1:3 or 1:5 risk reward ratio. //------------------------------------------------------------------------------------------------------------------- Strategy 3:- (Bollinger Bands - Upper Band/Basis/Lower Band) Bollinger Bands can be plotted with Length - 200, Basis MA type - EMA , Source - close, StdDev - 0.3 you may use StdDev as per your risk reward and as per the setting which suits you. however i have used StdDev - 0.3 for 5 min and 15 minutes timeframe for intraday in index here in this idea. When price close above upper band its a Breakout, Buy - keeping Stoploss as price closing below lower band and Target as per 1:3 or 1:5 risk reward ratio. When price close below lower band its a Breakdown, Sell - keeping Stoploss as price closing above upper band and Target as per 1:3 or 1:5 risk reward ratio. Note:- You may also keep Basis centre line as Stoploss in both Breakdown or Breakout trades but remember that in this case Stoploss will be smaller but will be more frequent as compare to the above situation when we are keeping upper and lower bands as Stoploss. //------------------------------------------------------------------------------------------------------------------- Like other technical indicators, These indicators also are not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc). ABOVE SHARED EXPLANATION AND STRATEGIES OF EMA, Envelope, Bollinger Bands ARE ONLY FOR EDUCATIONAL PURPOSE ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. Coding Note:- //you may do simple coding in tv to make an effective indicator with alerts using EMA/Envelope/Bollinger Bands. //I feel Simple strategy or indicator is the best. //As per me Indicator's are not good or bad. Its the Risk reward where most of the traders fail. Position sizing and Risk reward can make an indicator effective or ineffective upto an extent. //Below is a simple code in "version 5" which can be coded. //Condition (Amend conditions as per your requirement of Breakout/Breakdown trade). Buy= ta.crossover(close,upperband)//Exit Sellposition//for Envelope or BB Sell= ta.crossunder(close,lowerband)//Exit Buyposition//for Envelope or BB or Buy= ta.crossover(high,ema)//Exit Sellposition//for EMA Sell= ta.crossunder(low,ema)//Exit Buyposition//for EMA //Plot plotshape(Buy,title='Buy',text='Buy',location=location.belowbar,style=shape.labelup,size=size.tiny,color=color.rgb(27, 130, 1),textcolor=color.new(color.white,0)) plotshape(Sell,title='Sell',text='Sell',location=location.abovebar,style=shape.labeldown,size=size.tiny,color=color.rgb(233, 7, 7),textcolor=color.new(color.white,0)) //Alerts alertcondition(Buy, "Enter Buy Exit Sell", "Buy") alertcondition(Sell, "Enter Sell Exit Buy", "Sell") //For NonRepaint : //you may use previous candle closing. So that indication appears on next candle. for eg. may use close. //Soon will be posting strategies on Supertrend, RSI etc. which are simple and easy to code. //Tc Happy Trading and Happy Coding.
NSE:BANKNIFTYEducation
by MasterTrader1949X
11
Mastering RSI with 11 StrategiesWhat is RSI indicator:- RSI is a momentum oscillator which measures the speed and change of price movements. RSI moves up and down (oscillates) between ZERO and 100. Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may reduce the number of signals. You can also use RSI to identify divergences, strength, reversals, general trend etc. Calculation:- There are three basic components in the RSI - Avg Gain, Avg Loss & RS. Avg Gain = Average of Upward Price Change Avg Loss = Average of Downward Price Change RS = (Avg Gain)/(Avg Loss) RSI = First Calculation:- RSI calculation is based on default 14 periods. Average gain and Average loss are simple 14 period averages. Average Loss equals the sum of the losses divided by 14 for the first calculation. Average Gain equals the sum of the Gains divided by 14 for the first calculation. First Average Gain = Sum of Gains over the past 14 periods / 14. First Average Loss = Sum of Losses over the past 14 periods / 14. The formula uses a positive value for the average loss. RS values are smoothed after the first calculation. Second Calculation:- Subsequent calculations multiply the prior value by 13, add the most recent value, and divide the total by 14. Average Gain = / 14. Average Loss = / 14. if Average Loss = 0, RSI = 100 (means there were no losses to measure). Average Gain = 0, RSI = 0 (means there were no gains to measure). Logic of this indicator:- RSI is an oscillator that fluctuates between zero and 100 which makes it easy to use for many traders. Its easy to identify extremes because RSI is range-bound. But remember that RSI works best in range bound market and is less trustworthy in trending markets. A new trader need to be cautious because during strong trends in the market/security, RSI may remain in overbought or oversold for extended periods. Chart Timeframe:- RSI indicator works well on all timeframes. Timeframe depends on which strategy or settings are you using. Generally a lower timeframe like 1 min, 3 min, 5 min, 15 min, 30 min, 1 Hr etc is used for intraday trades or short duration trades and higher timeframes like 1 day, 1 week, 1 month are used for positional or long term trades. //------------------------------------------------------------------------------------------------------------------- Strategy 1:- (Basis Strategy of Overbought and Oversold) Overbought:(chart below) Usually an asset with RSI reading of 70 or above indicates a bullish and an overbought situation. overbought can be seen as trading at a higher price than it should. traders may expect a price correction or trend reversal and sell the security. but RSI indicator can stay in the overbought for a long time when the stock is in uptrend - This may trap an immature trader. an Immature trader will enter a sell position when RSI become overbought (70), whereas a mature trader will enter sell position when RSI line crosses below the overbought line (70). Oversold:(charts below) An asset with RSI reading of 30 or below indicates a bearish and an oversold condition. oversold can be seen as trading at a lower price than it should. traders may expect a price correction or trend reversal and buy the security. but RSI indicator can stay in the oversold for a long time when the stock is in downtrend - This may trap an immature trader. an Immature trader will enter a buy position when RSI become oversold (30), whereas a mature trader will enter buy position when RSI line crosses above the oversold line (30). Note: so its better to wait for reversal signal. traders may use 20 instead of 30 as oversold level and 80 instead of 70 as overbought level. new traders may learn to use the indicator as per the prevailing trend to get better results. false signals may be avoided by using bullish signals in bullish trend and bearish signals in bearish trend. //------------------------------------------------------------------------------------------------------------------- Strategy 2:- (RSI strength) RSI crossing centreline 50 in the below chart showing strength and buy/sell signal. Centre line is at RSI 50. if RSI is above 50 its considered bullish trend. (increasing strength) if RSI is below 50 its considered bearish trend. (decreasing strength) RSI crossing centre line (50) upside may be a buy signal. RSI crossing centre line (50) downside may be a sell signal. //------------------------------------------------------------------------------------------------------------------- Strategy 3:- (RSI 40 and RSI 60 Support and Resistance ) RSI 40 acting as support in the below chart In an uptrend RSI tends to remain in the 40 to 90 range with 40 as support (buying opportunity at support). RSI 60 acting as resistance in the below chart In a downtrend RSI tends to remain in 10 to 60 range with 60 as resistance (selling opportunity at resistance). Note: These ranges may change depending on RSI settings and change in the market trend. //------------------------------------------------------------------------------------------------------------------- Strategy 4:- (Divergence) Below chart shows a simple example of Bullish Divergence and Bearish Divergence. An RSI divergence occurs when price moves in the opposite direction of the RSI. A bullish divergence is when price is falling but RSI is rising. which means RSI making higher lows and price making lower lows (buy signal). A bearish divergence is when price is rising but RSI is falling. which means RSI making lower high and price making higher highs (sell signal). Divergences are more strong when appear in an overbought or oversold condition. There may be many false signals during a strong uptrend or strong downtrend. In a strong uptrend, RSI may show many false bearish divergences before finally reversing down. same way in a strong downtrend, RSI may show many false bullish divergences before finally reversing up. //------------------------------------------------------------------------------------------------------------------- Strategy 5:- (RSI Swing Rejections or Double Top & Double Bottom) Bullish swing rejection or Double Bottom: (buy signal) (see the chart below) RSI goes below oversold (30). RSI comes back above 30. RSI falls back again towards 30 without going below oversold (30). RSI comes up back again and breaks above recent high. Bearish swing rejection or Double Top: (sell signal) (see the chart below) RSI goes above overbought (70). RSI comes back below 70. RSI rises back again towards 70 without going above overbought (70). RSI comes down again and breaks below recent low. //------------------------------------------------------------------------------------------------------------------- Strategy 6:- (Trendline Support and Resistance) Below chart shows RSI Trendline Resistance: Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Everytime it takes resistance from a RSI downtrend line its a selling opportunity. Below chart shows RSI Trendline Support: Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Everytime it takes support on a RSI uptrend line its a buying opportunity. //------------------------------------------------------------------------------------------------------------------- Strategy 7:- (Trendline Breakout and Breakdown) Below chart shows RSI Trendline Breakout: Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Whenever it breakout above RSI resistance trendline its a buying opportunity. Below chart shows RSI Trendline Breakdown: Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Whenever it breakdown below RSI support trendline its a selling opportunity. Note: Correlate both the RSI and the closing price to ensure proper breakout or breakdown. Challenge is to correctly identify if a breakout or breakdown is sustainable or its a false signal. //------------------------------------------------------------------------------------------------------------------- Strategy 8:- (RSI Crossover same timeframe) RSI with two different RSI length crossing each other on same timeframe. when lower RSI length crossing above higher RSI length its a buy signal. when lower RSI length crossing below higher RSI length its a sell signal. for example RSI with length 7 & length 14 on 15 Minutes timeframe. //------------------------------------------------------------------------------------------------------------------- Strategy 9:- (RSI Crossover Multi timeframe) RSI with same RSI length but on two different timeframes crossing each. when lower timeframe RSI crossing above higher timeframe RSI its a buy signal. when lower timeframe RSI crossing below higher timeframe RSI its a sell signal. for example RSI with length 14 on 5 Minutes and 1 Hr timeframes. //------------------------------------------------------------------------------------------------------------------- Strategy 10:- (RSI EMA/WMA Crossover) RSI and EMA chart below: RSI and WMA chart below: RSI and SMA chart below: when RSI crossing above EMA/WMA/SMA its a buy signal. when RSI crossing below EMA/WMA/SMA its a sell signal. //------------------------------------------------------------------------------------------------------------------- Strategy 11:- (RSI with Bollinger bands) Bollinger bands and RSI complimenting each other and giving a Buy signal in below chart: Bollinger bands and RSI complimenting each other and giving a Sell signal in below chart: if a security price reaches upper band of a Bollinger Band channel and also the RSI is above 70 (overbought), a trader can look for selling opportunities (reversal) (sell). but in case price reaches upper band of a Bollinger Band channel but RSI is not above 70 (overbought), there may be chance that security remains in an uptrend, so a trader may wait before entering a sell position. if a security price reaches lower band of a Bollinger Band channel and also the RSI is below 30 (oversold), a trader can look for buying opportunities (reversal) (buy). but in case price reaches lower band of a Bollinger Band channel but RSI is not below 30 (oversold), there may be chance that security remains in an downtrend, so a trader may wait before entering a buy position. so bollinger band with RSI can give a double confirmation on a reversal. Note: In this way you may use stochRSI or RSI with MACD for better accuracy. RSI can be used with many other indicators to increase accuracy. //------------------------------------------------------------------------------------------------------------------- Limitations of the RSI:- RSI works best in range bound market and is less trustworthy in trending markets. So new traders may get trapped in an uptrend or a downtrend if they forget to see the overall long term trend of that security. Traders should set stop loss and take profit levels as per risk reward ratio. Note: Don't confuse RSI and relative strength. RSI is changes in the price momentum of a security. whereas relative strength compares the price performance of two or more securities. //------------------------------------------------------------------------------------------------------------------- Like other technical indicators, RSI also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc). ABOVE SHARED EXPLANATION AND STRATEGIES OF RSI ARE FOR EDUCATIONAL PURPOSE ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. Coding Note:- //you may do simple coding in tv to make an effective indicator with alerts using RSI/EMA/Bollinger Bands etc. //I feel Simple strategy or indicator is the best. //As per me Indicator's are not good or bad. Its the Risk reward where most of the traders fail. Position sizing and Risk Reward can make an indicator effective or ineffective upto an extent. //Below is a simple code in "version 5" which can be coded. //Condition (Amend conditions as per your requirement). Buy= ta.crossover(rsi,X)//Exit Sellposition//X can be EMA, SMA, WMA etc (for example define ema as EMA=ta.ema(close,50))//X=EMA Sell= ta.crossunder(rsi,X)//Exit Buyposition//X can be EMA, SMA, WMA etc(for example define wma as WMA=ta.wma(close,50))//X=WMA or //if want to use different rsi length but same timeframe rsi1=ta.rsi(close,7)// RSI length 7 rsi2=ta.rsi(close,14)// RSI length 14 or //if want to use same length on different timeframes rsi1=request.security(syminfo.tickerid,'5',ta.rsi(close,14))// RSI length 14 on 5 min timeframe rsi2=request.security(syminfo.tickerid,'60',ta.rsi(close,14))// RSI length 14 on 1 hour timeframe Buy= ta.crossover(rsi1,rsi2)//Exit Sellposition Sell= ta.crossunder(rsi1,rsi2)//Exit Buyposition //Plot plotshape(Buy,title='Buy',text='Buy',location=location.belowbar,style=shape.labelup,size=size.tiny,color=color.rgb(27, 130, 1),textcolor=color.new(color.white,0)) plotshape(Sell,title='Sell',text='Sell',location=location.abovebar,style=shape.labeldown,size=size.tiny,color=color.rgb(233, 7, 7),textcolor=color.new(color.white,0)) //Alerts alertcondition(Buy, "Enter Buy Exit Sell", "Buy") alertcondition(Sell, "Enter Sell Exit Buy", "Sell") //For NonRepaint : //you may use previous candle closing. So that indication appears on next candle. for eg. may use close instead of close . //Soon will be posting strategies on Supertrend, Bollinger Bands etc. which are simple and easy to code. //Tc Happy Trading and Happy Coding. Hope you like it Happy trading :-)
NSE:HDFCBANKEducation
by MasterTrader1949X
14
The Ultimate Beginners Guide to Day TradingHello everyone My name is d3ffyduck I am today gonna post some cool and new tips For the beginners in Daytrading. I am gonna divide things in Chapters so you'll learn it with ease Read it till the end Hope You learn something Chapter-1 Timeframe selection The choice of the best timeframe for chart analysis in day trading can vary depending on a trader's strategy, preferences, and the market being traded. Different timeframes offer varying levels of detail and may suit different trading styles.For Example 1-Minute Chart: This timeframe provides very detailed information, showing price movements within one-minute intervals. I prefer Using it for precise entry and exit points In day trading 5-Minute Chart: Slightly less detailed than the 1-minute chart, the 5-minute chart still offers relatively short-term insights into price movements. I use to determine my momentum for the trade i want to hold for like 1-2hrs only 15-Minute Chart: This timeframe offers a broader view of the market compared to shorter intervals. I prefer it to determine my next day momentum of the market Chapter-2 Support and resistance Using RSI I know you all knows the basics for support and resistance but today i will show you the best way. Just open your chart and use RSI Indicator and we are going to mark the overbought areas high candle and oversold area lowest candle using it for different time frames. Just a note from my side do not mark those areas again if there have already a support or resistance line in different time frame and also you can remove those level of S&R which did not hold well in different time frames 1-day time frame=I have marked the regions where the RSI turned in the overbought or oversold areas. As you can see, I have not marked the support and resistance levels since they were already established from previous market overbought and oversold. 4-hour Time frame=In this timeframe, we will only identify the levels that are above 70 and below 30 in the RSI. We'll skip the R&S that are already marked on the daily timeframe. To reiterate, please refrain from marking those levels again if we can observe that our resistance and support levels have already been established on the daily chart. 1-Hour Time Frame = I've set my preferred timeframe to a maximum of 4 to 5 months. I don't want to go below this timeframe as it will create more noise. Additionally, I'll remove the support and resistance levels that didn't react well for buyers and sellers at this point to make the chart look cleaner Chapter-3 Determining the Trend Here in this chapter we are going to use only 2 Things to keep everything simple:- SMA+EMA 200= We are going to use simple indicator or just create yourself one indicator which plots both sma and ema with same 200 timeperiod. Rules are simple if below both ma look for short if above both ma look for long You can use it for 1hr and 15 min for day trading purpose Trendlines- Trendlines are your best friend.They are the building block for your Chart pattern look for trendlines in 15 min tf for day trading purpose Chapter-4 Significance of market opening closing,high,low This is one of the important chapter for day traders and i am going to tell you how an opening closing high and low effect the whole day trade. For Example 1-Open your Chart 2-Mark the opening ,closing highs and lows for previous 3-4 days 3-Those area are going to be area of interest Tip for the beginners. Do not take any trades for the first hour From the opening of the day For example if your market opens in 9:15 am dont take trades until 10:00-10:15 cause of high volatilty Another Tip for the beginners.If you prefer to take 2 trades a day close your previous 10:00 am trade At around 11:45am -12:15 pm and start looking for another one after that. the reason because i have seen this is the time for the most probable reversal or continuation of trend for the next leg of the day Chapter-5 Significance of Gaps in the market Gaps are one of the best way to decide what will be the market trend for the rest of the day There are two type of gaps in the market 1-Gap up 2- Gap down Tip for the beginners Only trade in the strong gap up or down and as i said before do not trade in the first hour of the opening Ill show you some scenarios of gap Trading with respect to opening of the day Scenario 1st strong gap up+ Stayed above above the gap and opening for the 1 hour(9 am-10am) We can see we had a strong opening stayed above the gap up and open for atleast 1 hour so after this the trend is decided Tip for the beginners Always follow strict Risk and Reward ratio like i use 1:1.5 Scenario 2nd strong gap up+ stayed below the gap and opening for the 1 hour(9 am-10am) We can see we had a strong gap up and opening but price stayed below the opening for 1 hour so we took the short as dropped below previous closing/high Similarly we can use this for gap down scenarios Final tip from my side are:- Do meditation for 15 min before trading hours Always use stoploss Use your preferred Risk Reward ratio like 1:1.5 Do not trade in opening Hour Gaps are like your friend Trends are like a path to success Do not overtrade Dont only rely on indicators there isnt any indicator which can make you rich Use only basic indicators such as Ema,Macd,Rsi and ATR PLEASE UPVOTE AND FOLLOW FOR MORE EDUCATIONAL CHARTS AND STRATEGIES
NSE:BANKNIFTYEducation
by D3ffyDuck
1
Automation using TradingView Webhooks, I got hooked on Dhan!Brokers are the last people on earth to whom we would like to give credit. Social media is flooded with posts that say “My broker did not help me square off positions…”, “My broker’s app stuck in between..”, “My broker did not help me login…” etc. I believe 99 out of 100 support tickets they get every day would be problems, glitches, and issues. Being a broker is such a thankless job, even if you are doing okay - their customers would say “They just meet the expectations..” Maybe they should change their name from “brokers” to “platforms”, because when we hear the word broker - we relate it with commissions. It all started in real estate purchases and rentals. If you wish to rent a property, you need to pay 1 month’s rent as brokerage to the person who showed you the apartment. Similarly, the broker in stock trading connects you to the exchange - so that word rhymes with the concept of giving out some money as commissions. My topic today is not about reducing the commissions or abolishing the list of taxes every trader faces, but something about giving credit for a job done well. This list is tracking 128+ brokers in India. Together they handle about 3,24,94,922 active customers. I assume that should be 95% of all traders. The top 10 brokers handle 80% of the customers. The top 20 handles 90%. This means around 108+ brokers handle just 10% of the customers. Every broker has some pros and some cons. Switching from one broker to another is not that easy, so the customer will only do that if the new broker offers something extraordinary - a new tech or a pricing advantage. I am here to talk about one such tech that got me interested - Trade via Charts. @TradingView (TV) is a firm that provides app/web based charting solutions for most of the stocks, indices, currencies, and commodities out there. Most of the brokers provide a free integration with TradingView charts. Even trade from charts is not that new - it was there for quite some time now. @Dhan is one of the first brokers (15th in this list) that provided the TradingView integration via Webhooks. This means if we set some levels on the TV chart, it could place the orders directly on the Dhan app. This means a lot if you are serious about automating your trading plan. All we need to do is set the right levels on the TV charts via price alerts, pass the JSON script, and then set a corresponding order on Dhan app. If the stock/index crosses that price level - the system automatically places the order for you. Dhan made this revolutionary integration and then quietly but suddenly it started gaining a lot of customers. Automated trading will attract the office-goers, self-employed professionals and part-time traders because they can set these levels on the chart and then forget it. This feature will help them take their eyes away from the trading screen and focus on their main job. Lesser screen time for trading combined with a higher focus on their main profession. Lesser screen time also ensures lower stress levels. Sitting in front of the computer monitor for 6 to 7 hours watching the charts is not a child’s play. It not only eats up our energy but often prompts us to over-trade or exit prematurely. This is how I created the price alert. In the message box you need to pass the correct Json as provided by the broker (for sample I have mentioned it as just TESTING..). Once this price alert is correctly set up - it places an order if Nifty50 falls below 18900. All I need to do is create a basket with the items that need to be part of the order. For example, see image below - I created a test basket with name: 111 that will place an order of 1 lot on 18900 PE when Nifty50 falls below 18900 on the TV chart. If you are new to coding or automation - it may take some time to get a grip on what is happening. But once you have done the homework, it should work like a charm. I had no plans to open a Dhan account earlier, but as soon as this feature became stable - I wanted to try it. Now that I have been using it for half a year - I am really loving it. Once I got it working, the speed of placing the order was much better than my manual entries. I saved some slippage costs as well. The important takeaway here is that automation is highly possible, but you need to set the command correctly. Automation is not a tool to help you make profits if you were losing manually. The logic of what should happen and when it should happen should be decided by you, how it will happen is what's getting automated. Also, trading is a tough job. Less than 5% succeed. 99% of trading money deployed ends up in the hands of 1% of traders. The real clue is to get your research worked upon. Work hard to find your edge. If you are employed somewhere, use your spare time or weekends to research. Once you are ready with a good plan - you may be able to deploy this feature. If you get it programmed correctly - it may even give you peace of mind.
NSE:NIFTYEducation
by viswaram
1
Mastering Demand Zones : A Deep-Dive !! Mastering Demand Zones: Advanced Techniques in Stock Market Analysis Introduction to Demand Zones: In the realm of technical analysis, demand zones play a crucial role in assessing price movement and making informed trading decisions. A demand zone, also known as a support zone, is a price range on a chart where a particular asset, such as a stock, has historically experienced buying interest and a halt or reversal in its declining price trend. Demand zones are essential tools for traders and investors as they provide valuable insights into potential price levels where buyers are likely to enter the market, thereby preventing the price from falling further. By recognizing demand zones and understanding their significance, traders can make more informed decisions, manage risk effectively, and capitalize on potential trading opportunities. However, it's important to remember that technical analysis is not foolproof, and market conditions can change rapidly, so using demand zones in conjunction with other analysis tools is advisable. Defination: (What is Demand Zone) In the stock market, a "demand zone" refers to a specific price range on a price chart where there is a higher likelihood of increased buying activity or demand for a particular stock or asset. It's a concept often used in technical analysis to identify potential areas of support where prices might reverse or bounce higher. Here's a simple explanation: Imagine a stock's price chart, and you notice that within a certain price range, the stock has consistently found buyers and reversed its downward movement. This range, where buying interest is strong enough to halt or reverse a decline, is referred to as a demand zone. It's a level where traders believe the stock is attractively priced, leading to increased buying pressure. A demand zone typically forms because traders remember that the stock performed well in that price range in the past, making them more likely to buy if the price revisits that level. Traders often use demand zones as potential entry points for buying a stock because they anticipate that prices could rise from that area due to increased demand. It's important to note that demand zones are not foolproof predictors of price movements. They are just one tool in the arsenal of technical analysis that traders use to make informed decisions. The effectiveness of demand zones depends on various factors, including market conditions, overall trend, and the strength of buying interest. Overall, understanding demand zones can help traders identify potential support levels where buying activity might increase, but it's essential to consider other technical indicators and market factors for a comprehensive trading strategy. ---   Chapter 1: Fundamentals of Demand Zones In the vast landscape of the stock market, demand zones represent not only a point of intersection between price movements and investor psychology but also a nexus of potential trading opportunities. To comprehend demand zones is to unravel the intricate interplay of market dynamics and human behavior, a synthesis that lies at the heart of successful technical analysis. Central to understanding demand zones is recognizing the core economic principle of supply and demand. When a stock undergoes a price retracement during a downtrend, buyers perceive the lower prices as an invitation to participate. As buyers enter the market, their collective demand counters the existing selling pressure, creating an equilibrium and, consequently, a demand zone. This zone marks an area on the price chart where bullish sentiment prevails and offers an optimal juncture for traders to intervene. The historical evolution of demand zones is a journey that traverses time, reflecting the evolution of market psychology and trading practices. From the rudimentary interpretations of supply and demand in ancient markets to the sophisticated analysis enabled by modern technology, the concept of demand zones has evolved into a multifaceted tool in the arsenal of the astute trader. This chapter paves the way for an in-depth exploration of advanced technical analysis through the lens of demand zones lets take an example now, For Example; In the bustling realm of the Indian stock market, consider "ABC Ltd," a prominent company that has been experiencing a downtrend in its stock price. As the stock retraces and heads toward a crucial level of ₹1,500, a demand zone materializes. This zone represents a psychological and strategic juncture where buying interest has historically surged. The fundamentals of "ABC Ltd" remain strong, including positive earnings reports and market sentiment regarding the company's future prospects. The demand zone around ₹1,500 becomes a focal point as traders and investors anticipate a reversal in the downtrend. This illustrates the fundamental principle that demand zones encapsulate the equilibrium between supply and demand, acting as pivot points for price reversals. ---   Chapter 2: Technical Tools for Identifying Demand Zones Embarking on the quest to identify demand zones requires a comprehensive arsenal of technical tools, each contributing a unique facet to the intricate mosaic of price movements. Among these tools, support and resistance levels emerge as bedrocks of price action analysis. Support levels, often synonymous with demand zones, represent historical points where price declines were halted and reversals were initiated. Conversely, resistance levels demarcate zones where price advances were stymied, underscoring their importance as potential areas of market reversal. The Fibonacci retracement is another pivotal tool that elevates demand zone identification to a refined art. Derived from the Fibonacci sequence, these retracement levels mark potential demand zones by assessing the relationship between a price retracement and significant ratios. Overlaying these ratios on the price chart unveils previously hidden levels that might serve as demand zones. Volume analysis steps into the spotlight as a complementary tool, painting the canvas of demand zones with intricate strokes. Analyzing the intensity of trading activity within demand zones provides a nuanced understanding of the commitment behind each price point. These tools, when woven together, form a comprehensive tapestry of demand zone analysis that goes beyond surface-level identification to discerning the potential strength and impact of each identified zone. Lets take an example now, For Example; Applying technical tools to the case of "ABC Ltd," we find that the stock has consistently found support around the ₹2,000 mark in the past. Utilizing Fibonacci retracement levels, we note that the 50% retracement level aligns closely with this support level. This confluence underscores the potential demand zone at ₹2,000 as a significant area where buying interest could surge. Adding volume analysis to the equation reveals that historically, increased trading volume has accompanied price bounces near ₹2,000, suggesting heightened market participation and potential accumulation. Combining these technical tools provides a comprehensive view of the demand zone's strength and potential impact on price movements. ---   Chapter 3: Characteristics of Strong Demand Zones Recognizing the chasm between mere price levels and robust demand zones is the hallmark of a seasoned trader. Strong demand zones boast an array of characteristics that set them apart and signify their potential significance in the broader market landscape. "Multiple touches" emerge as a defining trait of potent demand zones. These are zones where the price has rebounded multiple times, highlighting the consistency of buying interest. The cumulative effect of these touches validates the zone's status as a significant level, indicating that it holds sway over market participants. Volume amplifies the impact of demand zones, turning the spotlight onto the intensity of market conviction. Heightened trading volume within a demand zone infuses it with a surge of energy, underlining the collective sentiment that bolsters the buying interest within that zone. Moreover, the entwining of psychological price levels with demand zones enhances their magnetism. When a demand zone coincides with a round number or a historically significant high or low, it resonates with traders, inviting their attention and potentially catalyzing buying activity. This chapter equips us with the acumen to sift through the market landscape and identify not just any demand zone, but those endowed with the attributes of strength and reliability. lets take an example now, For Example; For "ABC Ltd," the ₹1,200 level emerges as a robust demand zone. Over time, the stock has repeatedly bounced off this level, creating a trail of multiple touches. Each touch signifies consistent buying interest, validating the psychological significance of the ₹1,200 demand zone. Additionally, substantial trading volume has consistently accompanied these price bounces, indicating a broad market consensus on the importance of this demand zone. Furthermore, the demand zone aligns with a historically significant low point for the stock, reinforcing its strength. These characteristics collectively amplify the potency of the ₹1,200 demand zone. ---   Chapter 4: Advanced Confirmation Techniques Identifying demand zones is only the beginning; validation through advanced confirmation techniques lends an additional layer of assurance and precision to trading decisions. Among the most potent tools in this arsenal are bullish candlestick patterns. These patterns visually encapsulate the sentiment shift within a demand zone, transforming bearish pressure into bullish momentum. The engulfing pattern, a classic candlestick formation, encapsulates this sentiment reversal by engulfing the previous candle's range. This dramatic change in price direction within a demand zone signifies a shift in market dynamics. Divergence analysis adds a dimension of complexity to confirmation techniques. By comparing price movement with an oscillator like the RSI, traders gain insights into market behavior dynamics. Positive divergence, characterized by the price moving downward while the oscillator trends upward, hints at an impending reversal of bearish sentiment. Mastery of these advanced confirmation techniques equips traders with an artful finesse to separate true demand zones from fleeting fluctuations, positioning them to navigate the market with heightened accuracy. lets take an example now, For Example; In the scenario of "ABC Ltd," let's assume the stock price has approached the ₹1,800 demand zone. A bullish engulfing candlestick pattern emerges within this zone, marking a powerful shift from bearish to bullish sentiment. This visual confirmation is an indication that buyers have overtaken sellers within the demand zone. Moreover, the Relative Strength Index (RSI) exhibits positive divergence during this time frame. As the stock price trends downward, the RSI moves in the opposite direction, signaling potential upward momentum. This dual confirmation through candlestick patterns and divergence analysis boosts the credibility of the ₹1,800 demand zone as a potential reversal point. ---   Chapter 5: Risk Management Strategies Within the realm of trading, where volatility and uncertainty reign, effective risk management assumes paramount importance. Demand zones, while offering alluring opportunities, also carry inherent risks. Navigating these intricacies necessitates a comprehensive approach that encompasses various risk management strategies. Central to this approach is the art of placing stop-loss orders. By situating these orders slightly below a demand zone, traders shield themselves from the specter of false breakouts. This strategic placement ensures that even if a demand zone fails to hold, potential losses are contained. Position sizing enters the equation as a cornerstone of risk management. Traders allocate capital in proportion to their risk tolerance and account size, preventing overexposure to a single trade. The principles of risk-to-reward ratios further contribute to a balanced approach, ensuring that the potential rewards of a trade are commensurate with its risks. In a realm where uncertainty looms, effective risk management strategies serve as the rudder that steers the trader's ship, guiding them through the ebb and flow of the market's tides. lets take an example now, For Example; Suppose you decide to trade "ABC Ltd" with the demand zone at ₹2,500 in mind. To manage risk effectively, you set a stop-loss order just below the demand zone, at ₹2,480. This buffer guards your trade against potential false breakouts and limits potential losses. Position sizing comes into play as well. You allocate a portion of your capital for this trade based on your risk tolerance and overall account size. This ensures that your exposure remains within acceptable limits and aligns with your overall portfolio strategy. By managing risk through these strategies, you protect your capital and minimize potential downsides. ---   Chapter 6: Demand Zones in Different Market Environments The dynamic nature of markets mirrors the shifting winds, prompting traders to adapt their strategies to different environments. Demand zones, as malleable indicators, respond in unique ways to various market conditions, underscoring their versatility. In a trending market, demand zones operate as veritable launchpads, propelling prices further in the direction of the trend. Here, demand zones transform into essential support levels that act as stepping stones for continued price movement. In contrast, the world of sideways markets presents a different challenge. Demand zones within a sideways range serve as both potential entry points and zones of caution. As prices oscillate within a confined range, demand zones offer traders the chance to participate in potential breakouts or capitalize on range-bound price action. Volatility ushers in a realm of both opportunity and danger. Demand zones become focal points of not only entry but also vigilance. In this environment, traders must remain nimble, ready to adapt their strategies in response to rapid market shifts. lets take an example now, For Example; Now consider "ABC Ltd" in various market environments. In a trending market, the ₹1,600 demand zone acts as a catalyst for trend continuation. As the stock retraces to this level, it offers an attractive entry point for traders looking to capitalize on the ongoing uptrend. During a sideways market phase, the ₹2,200 demand zone takes on a unique role. It acts as a pivot for price oscillations within the range, offering potential buy and sell opportunities. As the stock tests the upper or lower boundaries of the range, this demand zone could signal a potential breakout or reversal, highlighting its versatility. ---   Chapter 7: Incorporating Demand Zones into Your Trading Plan The culmination of demand zone mastery lies in the integration of this knowledge into a holistic trading plan. A comprehensive strategy that incorporates demand zones can serve as a compass, guiding traders through the tumultuous waters of the stock market. This chapter walks us through the process of crafting such a trading plan. Setting objectives is the first step, aligning trading goals with personal aspirations and risk tolerance. Establishing clear risk thresholds guards against unforeseen market shocks, ensuring that trading remains within predefined boundaries. The harmonious integration of demand zone analysis with other technical and fundamental tools is pivotal. This convergence results in a strategy that's not only robust but also adaptable, capable of navigating a range of market conditions. lets take an example now, For Example; Integrating demand zone analysis into your trading plan for "ABC Ltd," you set clear objectives. Your goal is to achieve a 1:2 risk-to-reward ratio for each trade. Considering the demand zone at ₹2,200, you set your stop-loss at ₹2,180 and identify a profit target at ₹2,260. This alignment between demand zone analysis, risk management, and profit-taking strategy ensures a comprehensive and calculated approach to trading. ---   Chapter 8: Case Study and Practical Example The true litmus test of knowledge lies in its application. This chapter dives headfirst into the practical realm by presenting a series of case studies that illuminate the effectiveness of demand zone analysis. Real-world scenarios—ranging from triumphant victories to humbling challenges—offer readers a firsthand glimpse into the art of demand zone trading. For example. Persistent Systems. In a recent case in the Indian stock market, "Persistent" encountered a demand zone around ₹4620-4760. The stock's price had been declining, but within this demand zone, a bullish pinbar candlestick pattern formed. This marked a shift in market sentiment, as buyers stepped in and overpowered sellers. Adding to the confirmation, the RSI displayed positive divergence, hinting at an imminent price reversal. Subsequently, "Persistent" rebounded from the demand zone, validating the power of demand zone analysis combined with advanced confirmation techniques in real-world scenarios. This case study unravels the dynamic interactions between demand zones and price movements, capturing the essence of trading in action. By observing the strategies employed and the outcomes achieved, we can gain an experiential understanding that transcends theoretical knowledge. Follow InvestYourAsset and boost your trading knowledge ! Please give it a like to motivate us if you appreciate the educational content.
NSE:PERSISTENTEducation
by InvestyourAsset
Option Trade and Trading 💸💸💸💸👑🤑👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
Option's By Professionals Player's 🤑👑👑Royal Trend👑 Topic Trading Things #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
10
How to make Big Profit💸 With Small Account👑🤑💸By Big Bulls💸👑Royal Trend👑 Topic Trading Things How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:HDFCBANKEducation
by Optionclub
1
Types of Professional Traders🤑💸💸💸🤑👑Royal Trend👑 Topic Trading Things In this video we try to understand Types of Professional Traders🤑💸💸💸🤑 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
1
Reversal Chart Pattern: WedgeWhat this chart pattern shows us is a loss of trend strength and a deceleration in price movement. The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point. As for the stop-loss level, it will depend on the type of entry made in the trade, whether it's a high-risk entry or a reduced-risk entry. (Like any other pattern or indicator, this one provides a signal of a possible market move. Therefore, the greater the number of confluences, the higher the probability that the observed scenario will occur). 💼💹 (🇮🇳)
Education
by FinanzasTip
Option and Market By Pro Trader's 👑🤑👑💸💸💸👑Royal Trend👑 Topic Trading Things In this video we try to understand the Option and Market By Pro Trader's 👑🤑👑💸💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
Why People Use Indicators 👑Royal Trend👑Royal Trend👑 Topic what Why People Use Indicators In this video we try to understand the Actual Trading in Intraday and Long Term Treading How market really work with number's Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
Earn with Trading 👑Royal Trend👑👑Royal Trend👑 Topic what we really need to learn in Market In this video we try to understand the Actual Trading in Intraday and Long Term Treading How market really work with number's Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
How to Trade in Options By Big Bull👑👑Royal Trade👑 Hello Guys in This Video We share How to Trade in Option's Market. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:RELIANCEEducation
by Optionclub
Market Architecture By 👑Royal Trend👑👑Royal Trend👑 In this video we try to understand the Market Architecture. How market really work with number's Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:NIFTYEducation
by Optionclub