A 30 minute moving average is very different to a 30 day moving average and this is normally set on the chart not within the script itself.There are two types of pine script formats indicators and strategies. Indicators are used for technical analysis to draw lines and patterns on charts. ...
The strategies andindicatorsare not without pitfalls, and adjusting strategy criteria and the indicator period may provide better performance. Although all systems are susceptible to losing trades, implementing astop-lossstrategy can help cap risk, and testing the CCI strate...
Pivot points andFibonacci retracementsor extensions both draw horizontal lines to markpotential support and resistanceareas. The Fibonacci indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and it will then create the levels between thos...
This includes entry and exit points, risk management parameters, stop-loss, and take-profit levels. Your strategy should be unambiguous, leaving no room for subjective interpretation. TradingView’s Rewind: Use the rewind tool to return the chart to your desired starting point. This way, you’...
The overarching aim is to give a snapshot of how much potential profit or loss the strategy would’ve accrued if executed over the chosen time frames. This serves as a rehearsal before deploying any real capital. The OddsMaker offers an optimization feature, giving traders an avenue to refine...
Use a platform or software that lets you draw fibonacci retracement levels. Many trading platforms, like TradingView, have tools for this. 4. Locate the fibonacci retracement tool Look for the tool in your charting software. It’s often a diagonal line with percentage levels (23.6%, 38.2%, ...
How To Place A TradeI find it very simple to place a trade on both MetaTrader platforms:From your MetaTrader platform click on the asset you want to trade In the ‘New Order’ pop-up enter the lot volume Adjust stop loss or take profit if you want to Select whether the order is ...
Whatever you’re looking for, Pinterest is the place to find it and get innovative ideas. Pinterest is one of the most used sites on the internet today. It is a place where many people draw inspiration from, and with a good reason. And what’s more, you don’t need to download ima...
The Zig Zag indicator plot points on a chart whenever prices reverse by a percentage greater than a pre-chosen variable. An analyst can set the percentage level to trigger the indicator. Straight lines are then drawn, connecting these points. TradingView. The indicator is used to help identify...