dskoli

DSKOLI Analysis

This helps to determine bullish or bearish trend of any chart on any time-frame and good to have for Intraday watch.

Details -

a. EMA 200 line helps to know the price movement of candles are above or below the EMA 200 and its coloured with red and green which even further helps to determine its existing trend.
b. A plot Trend line which is quite close to candles with red and green is calculated from few candles' high and low values with some mathematical formulas which along EMA 200 adds more value for trend identification.
c. Upside and Downside Arrow is a crossover of EMA 20, 50, 100 and this helps in changing colour of the EMA 200 too, to enhance the clarity. Further, these EMAs by enabling can help to identify the contraction and expansion of prices. An alert is added for Upside and Downside Arrow.
d. RMA Volume green or red along with all above also determines the bullish or bearish trend and it is further witnessed in long trending pattern, it's a good area where dip or bounce reverses. An alert is added when it turns from Bearish to Bullish or vise versa.
e. Up/Down Levels uses SMA 34's price with High and Low prices with some mathematical formulas to automatically plot base level, upside levels as resistances and downside levels as supports. These levels do moves along with candle.
f. SR 5, 10, 20, 35 automatically plots support and resistance lines based on the pivot of the number of previous recent 5, 10, 20, 35 candles respectively. An alert is added for any these levels breakout or breakdown.
g. AFR automatically plots lines of last swing High and Low levels with their 38.2%, 50%, 61.8% values which easily helps to determine where the current price stands.

Note or Disclaimer:
1. This may be considered only for Watching as Learning and informational purpose.
2. Take advice from financial advisor before entering, holding, converting or exiting from any order or trade.
3. Always keep your acceptable stop-loss in all your transactions while trading or investing.

DSKOLI or TradingView reserves all right and don't hold any responsibilities for any loss/losses as well as accuracy of levels or price movement.
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Comments

Check this demonstration video -

https://youtu.be/tfrtA6nuCVw
Reply
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