Charting Basics – Bars vs. Candlesticks Charting Basics – Bars vs. Candlesticks Services Online What are bars and candlesticks? A chart is a graphical representation of historical prices. The most common chart types are bar charts and candlestick charts. Although these two chart types look quite different, they are very similar in the information they...
Many Options are available for custom tailoring your Alerts so that you can make sure you don't miss out or loose money! Quick crash Course on how to utilize these alerts on your indicators so you can keep an upper hand as you scan the markets
In this video I cover the basics of the support and resistance levels and how to chart it out, If you enjoyed this video please like it and share it with your friends. Also please drop a comment, feedback, suggestion for me to cover or just to work on, and that would be much appreciated. Next video I'll cover the Fibonacci retracement and extension to plot...
Contrary to popular belief, the superior way to view price is not through candlesticks or OHLC bars. Its HLC bars. HLC bars are the superior choice. Why? Good question... The reason HLC bars are better is because I found out that the open price is completely redundant when analyzing the charts. Also the majority of indicators out there don't use the open...
Divergent bars help a trader identify a potential shift in the current price trend. Divergent bars are an effective technical tool for futures, options, and stock traders using any timeframe. A divergent bar is defined as the following: 1. A potential shift from a bullish trend to a bearish trend is evidenced by the current price bar showing a higher high...
Bollinger Bands Timing for options trades relies on many price signals and confirmation. Even so, knowing when trends are likely to continue or to end is a skill of its own and many traders have timed entry and exit poorly because the trend was misread. One signal helps overcome this problem. Bollinger Bands (BB) track the trend with three bands. The middle...
On March 3, 2020 TradingView started supporting OHLC for Renko charting. Prior to this, only CLOSE of candle was available. Using OHLC provides faster signal to get in and out of trade, compared to using CLOSE. Renko chart using OHLC Renko Chart using CLOSE Happy trading!
Example charting of signals from Waves+ with a partial blind - all horizontal lines/signals were plotted with the candlestick chart hidden. A full blind test with long/short signals plotted before the candlestick chart isn't hidden is in order - I'm fully aware that this potentially isn't realistic with the results on the signals due to them being placed after...
8H: 1H: 4H: 30m: EMAs used are 20/50/100. PAL (Price Action Levels) is used to automatically draw the relevant Open/High/Low.
Technical analysis basics. Identifying support and resistance zones, as well as using the stepped line chart to reduce noise and make isolating the zones easier. (note: it did not record my voice for whatever reason. Hopefully its still clear)
As in others opportunity post , analyse made in behind , DYOR always !!
Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect...
This trade was triggered earlier this week. However, I chose not to publish it as it was a low probability trade for me at that time for the following reasons: Market was only testing the ascending trendline support (now resistance) Normally I would wait for a pullback to retest the trendline before entering to short Market was also forming a Head &...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Basic Technical Analysis Interpreting the candlestick This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen...
My preferred trade set-up. This works in all markets & all time levels. I use daily tf for charting & most of the time use hourly for set-ups. See the notes on attached chart and get some screentime in. No substitute!