(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data.
The Underlying Concept
What is Momentum ?
The Momentum shown is derived from a...
BUY / LONG when the Trend Catcher Trend Line cuts upwards and the candle will be green, and the cut candle is above the blue clouds.
SELL / SHORT when the Trend Catcher Trend Line crosses downwards and then the candle cluster will be red, and the prices are below the red clouds.
Moving averages help assess the main trend:
- The price is completely below the...
The indicator is based on W. D. Gann's method of retracement studies. Gann looked at stock retracement action in terms of Halves (1/2), Thirds (1/3, 2/3), Fifths (1/5, 2/5, 3/5, and 4/5) and more importantly the Eighths (1/8, 2/8, 3/8, 4/8, 5/8, 6/8, and 7/8). Needless to say, {2, 3, 5, 8} are the only Fibonacci numbers between 1 to 10. These ratios can easily be...
This is a version 3 of my mod of the script by alexgrover - Efficient Trend Step.
The logic is based on calculation of Kaufman's efficiency ratio (ER):
ER = Direction / Volatility
where:
Direction = ABS (Close – Close )
Volatility = n ∑(ABS(Close – Close ))
n = The efficiency ratio period.
This version features volatility and volume filter and custom...
Sometimes you need a rough view of what is going on. Ignoring the details could be a blessing. In the configuration, you can change how much you want to ignore
Plots Daily and Weekly 10 & 5 EMAs (but fully customizable to your own).
In addition to plotting the EMAs it color coordinates trend bias and has cross confirmation signals.
Philosophy and how to read:
I use this indicator when trading strictly on the daily timeframe. I have not tested it on other timeframes.
In my trade system I start with both the monthly...
트레이딩의 90%는 추세입니다.
추세에 반대되는 트레이딩은 실패 확률이 매우 높으며
추세에 반대되는 물타기의 끝은 청산입니다.
Swing High/Swing Low 를 통해 만들어지는 구름입니다.
초록색 구름(양운)이 두껍다면 상승추세.
빨간색 구름(음운)이 두껍다면 하락추세.
*일목구름 아닙니다.
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Trading is all about TREND.
Trading against the trend always has high risks, and averaging down against the trend often...
How does this indicator works and what it is?
It consist of 3 T3 moving averages. T3 moving average was developed by by Tim Tillson and is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well.
This indicator works on any stock, index, future or cryptocurrency.
The ways...
![BTCUSDT: Renkoizer[UO]](https://s3.tradingview.com/7/7c5Hxp9m_mid.png "Renkoizer[UO]")
