TradingView is a financial platform for traders and investors. Like other charting platforms and analysis tools, TradingView wants to provide traders with the information they need to make informed trades. With that goal in mind, TradingView offers charts, trade ideas, advanced technical analysis tools...
There are two types of pine script formats indicators and strategies. Indicators are used for technical analysis to draw lines and patterns on charts. Strategies are used to develop and back test trading strategies. An indicator might be used by a trader looking to better understand the current ...
My wife Amy and I have different philosophies when it comes to parties. If the host says the party is from 6:00 PM to 11:00 PM, I like to be there at 6, and leave before 11. Amy, on the other hand, has no problem arriving at 7, and staying until midnight
Running a few tests and comparing with the trustyTradingview charts, I am pleased to be writing this article. Here, I will introduce you to how you too can draw renko charts in Python. This is probably the simplest of all methods I could find. Since this is not a trading related article...
expanding QE. Ultimately, of course, the free lunch of dollar weakness may prove to have a bill, after all. That the oil price is threatening to break out of its recent range is perhaps an ominous signal; if inventories show a decent draw this afternoon, it could be off to the races....
The Bottom Line A pivot point is a price level that results from a calculation of previous prices. Trading above the pivot point is a bullish move. Trading below it indicates bearish intentions. The idea is to pinpoint potential areas of support or resistance indicating the direction in which...
Example of How to Use a Kagi Chart The follow chart shows a Kagi chart of Apple based on 1-hour closing prices. The reversal amount is $5. TradingView The chart shows examples of rising shoulders, which highlight the price rising in an uptrend. The series of falling waists signals the ...
permanent. When price changes direction, the indicator starts to draw a new line. If that line does not reach the indicator’s percentage setting and the price of the security reverses direction, the line is removed and replaced by an extended Zig Zag line in the trend’s original direction...
The STC indicator helps to identify trends in a smoother and more responsive manner compared to traditional MAs and even under certain parameters, the MACD. A drawback to STC is that it is relatively complex. It incorporates cycle analysis and multiple MAs in its calculation. ...
In some cases, traders drawtrendlineson the CCI chart. A break of the trendline often precedes a break of the trendline on the price chart, providing an early signal of a trend change. Also, using CCI on multiple timeframes can provide more robust signals. For e...