I love this chart set up - and i believe it reflects the fact that we really don't need too many indicators on our TV charts to identify and action possible winning trades.
yes, the Gold Futures chart here has only 2 indicators
1- MagicRibbon, which is essentially a bunch of moving averages with green & red markers that show up when an trend alignment is detected - nothing super fancy
2- then there's EVEREX at the lower panel, which acts as a dual-period volume weighted RSI - but believe me when i tell you, this "simple" chart layout took many years of TA study and experimentation (and trading) to reach that level of "simplicity" and efficiency.
by inspecting the chart, we can see how effective this set up is in identifying potential price moves - and winning trades to take - and this is what we're here to do, right?
Using the magic of TradingView and Pine, you can take classic, proven technical analysis concepts (like Moving Averages reflecting momentum, and using MTF with the ribbon) and weighted "Rate of Flow" / Effort Versus Results (Wyckoff Law) and create a winning set up - we haven't even used AI yet :)
That's the thought i wanted to share today. what do you think? Is this chart setup as effective as i think ?
Also, do you think should we invest effort in creating more advanced versions of these indicators - will that be a value-add to you as a SCALP / SWING or TREND trader - making money in Futures, Crypto, Stocks ?... This setup is so generic that it can easily adjust to any style - oh, and the best thing, you can still "add to it" whatever secret weapon that you use today - just avoid too many signals that become over-confusing.
I'd love to hear your feedback - maybe a screener-friendly version? or advanced alerts capabilities? .. Let me know in the comments -- happy trading!
yes, the Gold Futures chart here has only 2 indicators
1- MagicRibbon, which is essentially a bunch of moving averages with green & red markers that show up when an trend alignment is detected - nothing super fancy
2- then there's EVEREX at the lower panel, which acts as a dual-period volume weighted RSI - but believe me when i tell you, this "simple" chart layout took many years of TA study and experimentation (and trading) to reach that level of "simplicity" and efficiency.
by inspecting the chart, we can see how effective this set up is in identifying potential price moves - and winning trades to take - and this is what we're here to do, right?
Using the magic of TradingView and Pine, you can take classic, proven technical analysis concepts (like Moving Averages reflecting momentum, and using MTF with the ribbon) and weighted "Rate of Flow" / Effort Versus Results (Wyckoff Law) and create a winning set up - we haven't even used AI yet :)
That's the thought i wanted to share today. what do you think? Is this chart setup as effective as i think ?
Also, do you think should we invest effort in creating more advanced versions of these indicators - will that be a value-add to you as a SCALP / SWING or TREND trader - making money in Futures, Crypto, Stocks ?... This setup is so generic that it can easily adjust to any style - oh, and the best thing, you can still "add to it" whatever secret weapon that you use today - just avoid too many signals that become over-confusing.
I'd love to hear your feedback - maybe a screener-friendly version? or advanced alerts capabilities? .. Let me know in the comments -- happy trading!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.