TradingView. The indicator is used to help identify price trends. It eliminates random price fluctuations and attempts to show trend changes. Zig Zag lines only appear when there is a price movement between aswing highand a swing low that is greater than a specified percentage—often 5%. By ...
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 the price is tr...
In addition to excellent stock scanning capabilities and support for multiple trading styles, Trade Ideas also offers in-depth guides on how to use their platform. Due to the plethora of features offered, many new users have found the trading software challenging to learn in the past. Thankfully...
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 ...
This ensures that whether you look at the charts today, or one week later, the trend lines and horizontal support/resistance levels that you draw remain the same. To use the right Renko box size to trade E-mini S&P500 futures you first need to look at the tick size. We know that a...
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 ...
TradingView. Key Takeaways The Gann fan, created by early market technician W.D. Gann, consists of a series of angled lines. The trader selects the starting point and the lines extend out into the future. Gann believed the 45-degree angle to be most important, but the Gann fan also dr...