Get started

X-indicator

How the hammer candle stick pattern is formed ??Educational Post Hammer candle stick pattern is important pattern shows counter attack of bulls. This pattern has significance when price is near crucial support or near long term moving average. Hammer shows that bears are unable to beat the bulls and not able to make close in bulls territory. Bulls also shows their presence when price enters in their territory. Please like, share and folloew for more such educational posts. Have a Happy Trading :) !!!
TVC:SILVEREducation
by Darshan_Panchal
How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit at levels mentioned in the chart. The trade trade was carried with SL below EMA 20 and H2 DMI support. The trade closed when price broke EMA20 . Profits were taken at 1.2, 2.4 and 4.4 RR. My initial target was 2:1 RR. But went very good
TVC:DXYEducation
by suman6saha
📚Learn More💰Earn More - Inverse Head and Shoulders in UNIUSD📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end. When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal. The pattern is confirmed once the price breaches the neckline resistance. In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order above the neckline. TARGET: We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
BACKTESTED PIVOT INTRADAY STARTEGY [INDIA MARKET TIMING]A Back-tested Profitable Strategy for Free!! A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more. The commission is also included in the strategy . The basic idea is when , 1) Price crosses above ema1 ,indicated by pivot high line in green color . 2) Price crosses below ema1 ,indicated by pivot low line in red color . 3) Candle high crosses above pivot high , is the Long condition . 4) Candle low crosses below pivot low , is the Short condition . 5) Maximum Risk per trade for the intraday trade can be changed . 6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size . 7) ATR is used for trailing after entry, as mentioned in the inputs below. // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// Leftbars ——————————> Length of pivot highs and lows Rightbars —————————> Length of pivot highs and lows Price Cross Ema —————> Added condition ATR LONG —————————> ATR stoploss trail for Long positions ATR SHORT ————————> ATR stoploss trail for Short positions RISK ————————————> Maximum Risk per trade for the day The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below . // ═════════════════════════ // // ————————> PROPERTIES<——————— // // ═════════════════════════ // Default_qty_size ————> 60 contracts , which can be changed under Settings ↓ Properties ↓ Order size // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 . The Indian Markets open at 9:15am and closes at 3:30pm . The 'time_cond' specifies the time at which Entries should happen . "Close All" function closes all the trades at 3pm , at the open of the next candle. To change the time to close all trades , Go to Pine Editor → Edit the line 103 . All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm . NSE:RELIANCE // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // INPUTS can be changed for better back-test results. The strategy applied to NSE:RELIANCE ( 5 min Time-Frame and contract size 60) gives us 61% profitability , as shown below It was tested for a period a 6 months with a Profit Factor of 1.45 , Net Profit of 21,500Rs . Sharpe Ratio : 0.311 Sortino Ratio : 0.727 The graph has a Linear Curve with consistent profits. The INPUTS are as follows, 1) Leftbars ————————> 3 2) Rightbars ——————— > 5 3) Price Cross Ema ———> 150 4) ATR LONG ——————> 2.7 5) ATR SHORT —————> 2.9 6) RISK —————————> 2500 7) Default qty size ——> 60 NSE:RELIANCE Save it to favorites. Apply it to your charts Now !! FOLLOW US FOR MORE ! Thank me later ☺
NSE:RELIANCEEducation
by The_Algo_Engineer
1
'SWING' your losses into profits with 'SWING' trading strategiesIn prior posts, we have covered some great teachings about the market and, in this post, we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading -: Swing trading is generally referred to as a trade carried out for a short time. Swing traders do not wait till the price action opposes their direction, they are known for their prior moves. They are good at identifying the shifts in market trends with the help of various techniques which are explained throughout this idea. Swing trading strategies include the use of Fibonacci, Bollinger Bands, Channel Trading, Moving Average, MACD crossover, and better understanding of chart patterns like Head & Shoulder, Flag, and Triangle Patterns. We will discuss chart patterns, later on, now let's focus on the indicator strategies. - >Swing trading strategies -: ->Fibonacci Retracement: The stock price tends to retrace, and swing traders use this retracement as an opportunity to enter a trend. The retracement levels could be identified using Fibonacci Retracement, all you need is to identify the prior trend and if the price retraces to the 0.618 level and again resumes the trend jump on it and ride the position till it reaches 0.236 level. ->Bollinger Bands : Most probably, the stock price tries to move in the Bollinger band, which is used by swing traders to initiate and terminate their position. Firstly you need to identify the major trend, let's suppose it's bearish than when the price reaches the upper bound and there is a formation of a bearish candle you could initiate a short position also when a bearish candle is formed at the median, there also you can initiate a short position. ->Channel Trading: Sometimes, stock price trades in a channel now this channel is used by swing traders i.e. when the trend is bullish they try to take long position at the lower range of channel and book partial profits on median and wait for the price to reach the upper end. ->Moving Average: Here traders identify the major trend and take position according to it, with help of crossovers they generally prefer 10DEMA crosses 20DEMA. ->MACD : This is a simple strategy where the trades are initiated when there is MACD crossover but the cross should correlate with the trend. My Observation-: These strategies could be more accurate if used to trade with the trend, i.e. if the stock is in an uptrend only take positions for a positive signal and just avoid negative signals. Another basic strategy is to take a position when a script moves above the swing high or below the swing low, here the only thing to ponder is to manage your risk. Don't take over positions understand your risk appetite then take positions.
NSE:NIFTYEducation
by Chaser30
20
Intraday Consolidation Breakout ExplainedOK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition 2) Price crosses below lower band , indicated by a color change (red) is the Short condition 3) ATR is used for trailing after entry // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The Indian Markets open at 9:15am and closes at 3:30pm. The time_condition specifies the time at which Entries should happen . "Close All" function closes all the trades at 2:57pm. All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm . NSE:NIFTY1! // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // LENGTH , MULT (factor) and ATR can be changed for better backtest results . The strategy applied to NIFTY ( 3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit Sharpe Ratio : 0.67 The graph has a Linear Curve with consistent profits. NSE:NIFTY1! // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// For the Back-Tested results : LENGTH ————————> 30 MULT_STDEV ——————> 3 ATR TRAIL ————————> 2 Save it favorites. Apply it to your charts Now !! Thank me later ;)
NSE:NIFTY1!Education
by The_Algo_Engineer
30 mins candle sticks strategy for next day trading setup 30 mins candle sticks strategy for next day trading setup : I want to share a strategy which is based on candle sticks price action and the time period we should take as base. If we are able to find the setup at right time (trading sense) then win rate would be 60%+, works well in trending market; side ways market this setup may not work. Stop Loss is key and ensure to put it along with the entry. Calculation of SL is an art and science, spend time on understanding it first before catching up/learning any strategies. SL will save us from wrong entries and ensures capital is saved. We get many opportunities of trade setups, so avoid FOMO (fear of missing out). Will try to explain strategy in simple words. I also welcome constructive feedback to make this much more better and also request you ignore this strategy if this is not making any sense to you. I am sharing only for educational purpose and not recommending anyone for real trading. Thanks in advance! There will always be room for improvement and this is not any fool proof system/strategy and neither want to prove that this is correct, every transaction has a buyer and seller mindset. So please be cautious! What we need : Candle sticks of 15 mins time frame Confirmation with indicators should be in same trend with candle stick trend 1. RSI (For trend identification) 2. Stoch (Entry and Exit confirmations / Overbought and Oversold confirmations) 3. Any other indicator of your choice which adds value to setup and confluence Bit of explanation on time period: Indian market starts at 915am and ends by 330pm which has about 25 candlesticks of 15 mins (time frame). Sentiments of the market behavior will be based on the timings, like in the morning trend will have an impact of over night news and/or once Europe market opens its impact will be around 1pm.. etc. 315pm till 330pm will have all closures for intraday by brokers which directly or indirectly impacts the candlesticks. So ideally if we consider 245pm and 300pm candle stick, in total 30 mins; this would typically create a base for next day strategy. That means taking these two candle sticks and marking high and low of them will give us a preparatory base for next day on how to setup trade or what needs to be done. Rules of the game : Once we mark the high and low of 245pm till 315pm candle sticks, price moving up from the high can be considered our entry with a stop loss of just below the high line and look for a good RR. If the price goes down the low point marked then it can still go down and our entry can be at that place keeping stop loss just above that low line and look for a good RR. If market opens big gap up then chances of it falling till the high line are high; once it reaches this high line, it can further try for next target of touching low line. In similar way if market opens big gap down then chances of it raising up till the low line are high; once it reaches this low line and then it will try to touch the high line. If one entry has already come in any of above setup in a day then don’t expect that it will give you another setup as it would have exhausted already with the levels given; So one day one setup only. Stop Loss : There are various ways to keep SL here (Please work out acceptable SL as per your risk appetite and entry should be truly based once SL is identified correctly. If you do not know how to keep SL’s then this strategy may not work and also hitting of SL. Please be cautious!) 1. Just below high line or just above the low lines 2. Half of the market area, high and low 3. For a short entry at low line, SL can be high line or for a long entry at high line, SL can be at low line 4. Prior candle high or low or entry candle high or low 5. Or any of your best working SL ideas Risk Reward: If you are having good understanding of the market/asset where you are applying this strategy then ideal RR should be 1:1.5 and can be trailed for a bigger reward too. Please do a good back testing of this strategy. Avoid : • If you do not understand the strategy • If you do not understand how candle sticks are behaving • If candle stick pattern is not respecting high and low lines marked as mentioned above • If there is no confluence of the setup with indicators • When calculated SL is way high due to the formed candle stick (large or big candle stick, if taking entry after this candle) • When there is no confidence on the setup • Fear of Missing Out • In a sideways market, hitting of SL will be high Please do let me know if you have any questions would be happy to respond. Please do like and share this idea. Thanks Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! I will also put some examples (todays live charts) for better understanding :
NSE:BANKNIFTYEducation
by AdhigamaTrading
37
📚Learn More💰Earn More - Inverse Head and Shoulders in NEARUSD📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end. When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal. The pattern is confirmed once the price breaches the neckline resistance. In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY : we put an entry order above the neckline. TARGET : We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
2
One chart, different trading systems!Hi all, hope you guys are doing well. We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" . A chart can be analyzed in different ways by different traders. A trader using patterns will analyze the same chart with a different perspective as opposed to a trader using pure support-resistance levels or a trader using indicators such as moving averages. The aim of this post is just to make you understand that you shouldn't run after different systems. Rather, focus on managing the risk. Exhibit 1: The Cup and Handle system Exhibit 2: The Support-Resistance system Exhibit 3: The Triangle pattern system Exhibit 3: The Moving averages system Thanks for reading. I hope you found this helpful! 😊 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:SOLARINDSEducation
by johntradingwick
32
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
Bearish Flag PatternWhat is a bear flag pattern : A bear flag pattern is a continuation pattern that resembles an upturned flag with a pole. It shows a continued bearish downtrend broken midway by a pullback – the upward channel or triangle representing the flag. Criteria: 1. The pattern can be misleading if the retracement or the flag is larger than 50% of the pole.  2. RSI will help you gauge the strength of the pattern and the momentum after it. How to trade it : 1. If the Flag section gets broken upside, It may invalid the pattern. 2. If the Flag section gets broken downside, consider the Pole section price range as the target from the break down point. Check relative strength before entering the trade, It will help you to gauge the strength
NSE:NIFTY1!Education
by OK_Rane
'SWING' your profits with 'SWING' trading strategies !!! In a series of educational posts we have covered so far the candlestick patterns and moving average crossovers, in this post we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading - : Swing trading is generally referred to a trade which is carried out for a short duration of time. Swing traders do not wait till the price action opposes there direction, they are known for there prior moves. They are good in identifying the shifts in market trend with the help of various techniques which is explained throughout this idea. Swing trading strategies include use of Fibonacci, Bollinger Bands, Channel Trading, Moving Average, MACD crossover and better understanding of chart patterns like Head & Shoulder, Flag, Triangle Patterns. All the above said patterns has been covered in the previous ideas on continuation patterns. ->Swing trading strategies -: ->Fibonacci Retracement: Stock price has an tendency to retrace, and swing traders uses this retracement as an opportunity to enter in a trend. The retracement levels could be identified using Fibonacci Retracement, all you need is to identify the prior trend and if price retraces till 0.618 level and again resumes the trend jump on it and ride the position till it reaches 0.236 level. ->Bollinger Bands : Most probably, stock price tries to move in Bollinger band, which is used by swing trader to initiate and terminate there position. Firstly you need to identify the major trend, let suppose it's bearish then when the price reaches the upper bound and there is a formation of bearish candle you could initiate a short position also when a bearish candle is formed at median, there also you can initiate a short position. ->Channel Trading: Sometimes, stock price trades in channel now this channel is used by swing traders i.e. when the trend is bullish they try to take long position at lower range of channel and book partial profits on median and wait for price to reach upper end. ->Moving Average: Here traders identify the major trend and take position according to it, with help of crossovers they generally prefer 10DEMA crosses 20DEMA. ->MACD: This is a simple strategy where the trades are initiated when there is MACD crossover but the cross should corelate the trend. My Observation-: These strategies could be more accurate if used to trade with trend, i.e. if the stock is in uptrend only take positions for positive signal and just avoid negative signals. Another, basic strategy is to take position when a script moves above swing high or below swing low, here the only thing to ponder is to manage your risk. Don't take over position understand your risk appetite then take positions.
NSE:NIFTYEducation
by Chaser30
Control emotions during tradeIt is very important to control your emotions during trading, human emotions are a big hurdle in trading, you can not maintain discipline if you can not having control on your emotions. Without discipline you can make money in market but you can't retain it. Here is 5 things you can adopt to improve your trading skill and control emotions. SET ALERTS : we use to watch market continuously and during watch we see so many trades which we should not take, it disturb our trade filtration and also affect out trading phycology, we should wait for our levels and what our set strategy giving trade not to enter early or fake trades, you should set alert according to your levels,chart pattern,breakout or breakdown, any of your trading strategy you are using, there is no need to watch screen constantly in this free time you can also paly any indoor game to keep you mind refreshing and active, once your price alert hit come up on screen then you can go with your trade. VOLATILE HOUR : some time we find trades in sideways or less movementing market and it face us stop loss, no movement or very small target, it's better to took any trade in volatile hours so that trade can exactly work according to your strategy try to avoid trades which are generating in less market movement. Generally Indian market movement is 9:15 to 9:30 very volatile 9:30 to 10:00 volatile market 10:00 to 11:30 stable market 12:00 to 2:00 correction/stable/new/global market 2:30 to 3:00 volatile 3:00 to 3:30 last volatility NEVER WATCH YOUR PROFIT & LOSS DURING TRADE : when we see running profit loss in dmat it automatically affect psychology of trade and we start convening our self for exit, same side in profit and and loss also some time we more think to hold that trade either to exit. we should took trade and either to see p&L we should watch only price and exactly exit according to our strategy do not exit too early do not exit too late if you took that trade according to your pattern, technical any strategy then you should also exit according to that strategy. watching price in compare of P&L helps a lot for long run. STOP AFTER THREE CONSECUTIVE WINS OR LOSSES : it is very important to stop at a point every day in trading, if you did 3 trades either continuously wining trade or loosing trade, at this point you should stop your trading for the day. market is not for one day it will open again next day with same things. do not excited in profit and also in loss, if it was bad day not a problem close your terminal come again next day with fresh mind do not influence your fresh trade with old one . TAKE BREAKS : taking break in trading is very important to keep your mind happy active and fresh every time, as just we do keep our personal and professional life separate, do not mass up one with other. take your self out on weekend do not think about your regular profit and loss take proper break that you need.
NSE:NIFTYEducation
by ProfitPicks
3
Perfect example of DOUBLE BOTTOM With DIVERGENCENSE:VOLTAS Double bottom is always a perfect pattern for LONG ENTRY. But I prefer to add some more factors which increases my probability to achieve the target. In this analysis tutorial, we will learn that. * After falling wedge pattern breakdown Stock momentum is exhaust near a good Support. - Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for the Next GOOD SUPPORT - RESISTANCE, Because one sided move Creates a Doubt( maybe its a TRAP for a RETAIL TRADER like us). - ONE SIDED BO-BD can be a FAKE BO-BD ( In Mostly cases ) - And incase, If it's not a Fakeout - Fakedown, But a genuine one and we missed that - DON'T PANIC - Never entered in FOMO because this can spoil our RR. - THIS STRATEGY IS A SOLUTION FOR ALL THE ABOVE SITUATIONS. * And at that support( IN BIGGER TIME FRAME) I Found BULLISH DIVERGENCE. - Divergence is basically a manipulation by a big players. - In Bullish divergence with the help of some OSCILATTORS we see PRICE IS DECREASING but AVERAGE PRICE or STRENGTH or VOLUME is INCREASING. - {Opposite in BEARISH DIVERGENCE} - But if there is not any SUPPORT - RESISTANCE - - - - - IGNORE THAT AND NEVER ENTER. - Because WE FOLLOW ONLY&ONLY PRICE ACTION, Indicators is secondary. - And basic principle of PRICE ACTION is - NEVER ENTERD WITHOUT A SUPPORT RESTISTANCE ZONE OR TRENDLINE SUPPPORT OR ZONE. * When this stock Follows all rules of BULLISH DIVERGENCE I took a LONG ENTRY. - COMMENT if you wants to know all the RULES of DIVERGENCE. * Now chart pattern shows a signal of UPSIDE MOVE and our Divergence setup gives us a confirmation of that SO I ENTERED and ACHIEVED THE TARGET I hope this is helpful for beginners and a good revision for a pro players. DIVYA BIHARI DAS this side. THANKYOU SO MUCH. --------- COMMENT ----------- - Your Views - My Mistakes - Next Topic - Anything Relevant
NSE:VOLTASEducation
by DivyaBihariDas
Rm & Am strategyA combination of Relative Momentum indicator and Absolute Momentum Indicator . Relative Momentum is a measure of relative strength of a script compared to index or other scripts Absolute momentum is a measure of its own strength compared with its value n periods before... I use a combination of 2 absolute momentum lines of 10 & 21 ...or 21 & 52 based on my requirement + 1 relative momentum indicator with Nifty index as default comparative symbol. One example how I use this indicator is for Intraday ... 2 Absolute mementum indicators of 10 & 21 ... both should be in same direction.. and the closer they are the stronger the signal. for swing & positional , I include 1 relative momentum along with 2 absolute momentum... Also ,the strong signal can be validated when the candle is bullish , no near by supply zone or the candle is at demand zone . Explore the indicator ,its your imagination & innovation. Often u can even catch the extreme bottom. Mix this with my Rsi crossover cardwell ranges indicator for best results.
NSE:GRINDWELLEducation
by VarunNeel90
"Crossover" your limits with "Crossovers" !!!!Through series of educational posts we have got an elaborate knowledge of candlestick pattern which include both reversal and continuation patterns and this post is somewhat different from candlestick it's all about moving average crossovers. General concept of crossover is that a fast moving average surpasses slow one in any directional trend and could help you be in right side, A moving average crossover occurs when two different moving average lines cross over one another, Because moving averages are a lagging indicator, the crossover technique may not capture exact tops and bottoms. But it can help you identify the bulk of a trend. A moving average crossover system helps to answer these three questions: Which direction might the price be trending (if at all)? Where might be a potential entry point for a trend trade? When might a trend be ending or reversing? All you have to do is plop on a couple of moving averages on your chart, and wait for a crossover. If the moving averages cross over one another, it could signal that the trend is about to change soon, thereby giving you the chance to get a better entry. By having a better entry, you have the chance to have better reward. -> Short term crossovers: it includes 5 DEMA crossover 20DEMA , this crossover is for daily timeframe i.e. for short term traders 5DEMA CROSS ABOVE 20DEMA although some move was left out but then also the return was splendor NOTE: crossover give signal only on conformation so some move could be left out. 5DEMA CROSS BELOW 20DEMA -> Long term crossovers: it includes some important crossovers i.e. Golden and Death crosses GOLDEN CROSS: here major moving average crosses each other i.e. 50DEMA cross above 200DEMA it signifies major uptrend in large time frame though we have seen major fall in metal sector but still they are golden cross period DEATH CROSS: here major moving average crosses each other i.e. 50DEMA cross below 200DEMA it signifies major downtrend in large time frame the major fall in nifty was predicted by me earlier with help of this cross In summary, moving average crossovers are helpful in identifying when a trend might be emerging or when a trend might be ending. The crossover system offers specific triggers for potential entry and exit points. These triggers should be confirmed with a chart pattern or support and resistance breakouts My Observation :- short term moving average crossovers could be confirmed with RSI i.e. if RSI is greater than 50 uptrend possible and if less than 50 downtrend possible if it is not the crossover could be false in that case wait for conformation. long term moving average crossovers could be confirmed with RSI i.e. if RSI is greater than 60 uptrend possible and if less than 40 downtrend possible if it is not the crossover could be false in that case wait for conformation.
NSE:NIFTYEducation
by Chaser30
4