Stock Market Logic Series #1The purpose of this series is to provide insight into what price is likely to do...
and more vital... what price is not likely to do... (since X is the cause and X is not existing, hence Y will not happen...)
The chart is self-explanatory.
IF no-one cares about the stock THEN no one will put money into it (no volume) THEN it will not rise.
The BIG question is, at a certain overextended place, the price is rising, even though, everyone is at a loss on this stock. why NOT crush into a price of $1 in one sharp move?
Can we "KNOW" that we are in an overextended place?
When you have stock market logic behind you, you will be more confident to take trades.
Template
SESSION/DAILY/WEEKLY/MONTHLY VOLUME PROFILE 4 IN 1 TEMPLATE Link to the template - www.tradingview.com
Hey there! We're excited to share with you our amazing Trading View template that's designed to give you a head start on your analysis. We want to let you know that to fully take
advantage of the most indicators, you might need a Trading View subscription of sufficient level, but trust us, it's totally worth it!
The Volume Profile tool may not match the accuracy of others out there, but it still provides a useful overall idea that you won't find anywhere else. At Fostermans , we use this template
every day to get a Session/Daily/Weekly/Monthly bias that sets us apart from the rest. Trading View has helped us dominate the markets through bull runs and bear runs, and we're confident this
template will help you do the same!
Thank you all PineScript coders for making something like this possible!
Furthermore, the following indicators have also been incorporated for your convenience:
- Volume Profile
- VWAP
- Volume + Volume Average
- OHLE Data
- Naked POCs + Developing POCs
- Value Area High/Lows
We're excited to hear about your trading journey with this template, so let us know down in the comments how it's going!
MONTHLY VOLUME PROFILE + MONTHLY LEVELS TEMPLATE Link to the template - www.tradingview.com
Hey there! We're excited to share with you our amazing Trading View template that's designed to give you a head start on your analysis. We want to let you know that to fully take
advantage of the most indicators, you might need a Trading View subscription of sufficient level, but trust us, it's totally worth it!
The Volume Profile tool may not match the accuracy of others out there, but it still provides a useful overall idea that you won't find anywhere else. At Fostermans , we use this template
every day to get a Daily/Weekly/Monthly bias that sets us apart from the rest. Trading View has helped us dominate the markets through bull runs and bear runs, and we're confident this
template will help you do the same!
Thank you all PineScript coders for making something like this possible!
Furthermore, the following indicators have also been incorporated for your convenience:
- Volume Profile
- VWAP
- Volume + Volume Average
- OHLE Data
- Naked POCs + Developing POCs
- Value Area High/Lows
We're excited to hear about your trading journey with this template, so let us know down in the comments how it's going!
Template Trailing Strategy - Part 02A short introduction on how to set up the "Template Trailing Strategy" script with a signal indicator like the "Two MA Signal indicator".
An explanation of the TMASI and its settings that are the same as the Strategy - Internal section logic of the TTS.
A tutorial on creating your own signal indicator, connect it to the TTS to apply your trading logic.
illiquid weekend analysis - trading=art .____.
//volume profile//
---->Value area high/low (confirmation/invalidation)
----> Point of control (confirmation/invalidation)
!!! high probability trade opportunity
//Blue candle vs purple candle//
----> pivot point at specific closing/opening time
(illiquid or liquid???)
//Grey cloud vs Black cloud//
black up
grey down
switchingpoint = res/sup/(orderblocks???)
//trendlines //
---> (confirmation/invalidation/scalps)
Mark Minervini's Trend-TemplateIn the last tutorial, we have highlighted the importance to look for stocks in a confirmed stage 2 uptrend and explained why.
But how can we use technical chart analysis can be used to identify stocks in a stage 2 uptrend?
US investment champion Mark Minervini developed the so-called Trend-Template which can be used to screen for stocks in a confirmed stage 2 uptrend.
TradingView provides all of the relevant tools to automate this screening process. The following section summarizes the technical characteristics which must be met so that a stage 2 uptrend for a stock can be confirmed:
Trend-Template to confirm a STAGE 2 Uptrend
1. Stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
2. The 150-day moving average is above the 200-day moving average.
3. The 200-day moving average line is trending up for at least 1-month (preferably 4-5 months minimum).
4. The 50-day (10-week moving average) is above both the 150-day and the 200-day moving averages.
5. The current stock price is at least 25% above its 52-week low. (Many of the best selections will be 100%, 300% or even greater above their 52-week low before they emerge from a sound consolidation period and mount a large-scale advance).
6. The current stock price is within at least 25% of its 52-week high (the closer to a new high the better).
7. The relative strength ranking (as reported in Investor’s Business Daily) is no less than 70, but preferably in the 90s, which will generally be the case with the better selections.
8. Current price is trading above the 50-day moving average (exception “Low Cheat” setups
Remark for 7: the relative strength ranking as reported by IBD is only accessible for IBD embers but the TradingView indicator 'Relative Strength (IBD Style)' by SKYTE can be used as an alternative.
We at JS-TechTrading only consider stocks for our watchlists which are meeting all characteristics of Minervini's trend-template. Additionally, we are screening stocks for solid fundamentals using William o' Neils' CAN-SLIM methodology. This screening process in itself provides us with a significant competitive edge versus most other traders are doing.
US TOP-Stocks: WatchlistGeneral Market Update
After the Nasdaq composite and S&P 500 made follow-through rally confirmations Friday, the stock market extended gains Monday.
In the initial hours, performance was uneven. The Nasdaq composite and small caps lagged the S&P 500 and Dow Jones Industrial Average. But the Nasdaq composed itself in afternoon trading and closed almost 0.9% higher.
The S&P 500 and Dow led with gains of 1.2% and 1.3%. The Russell 2000 rose less than 0.4% as small caps never caught up with the rest of the market. Volume rose 2% vs. Friday's session on the Nasdaq and was indicated lower on the NYSE.
Friday's follow-through — when the S&P and Nasdaq surged more than 2% each in higher volume — marked the start of a confirmed market uptrend. But while the signal is historically bullish, today's market calls for greater safeguards.
Reasons For Stock Market Caution
Three follow-throughs that occurred earlier this year all failed, as they often do in bear markets. And today's stock market still faces major risks.
The Fed, for one, is still looking for clear signs that inflation is cooling off before it cuts back on rate hikes. Scores of earnings reports are coming out this week, including many bellwether companies.
Updated Watchlist
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology.
Here is the link to the updated watchlist:
www.tradingview.com
Market is in a weak position after a bull bubbleBull market ended with a bubble pattern.
Possible bear markets: ~80% and ~50% decline. We still have a way to go...
We didn't see any panic selling, so the bottom has not been reached yet. Prices decline moderately.
No bottom formation yet... keep watch.
Going DownWe have more room to go down until the major trendline.
We are in a bear cycle.
Could do double bottom and hold.
Remember:
--------------
The future is independent in the past given the PRESENT.
So if the market show us and tell us that it wants to reverse we change our view. (Currently view is DOWN)
Alt Trading Template - Planning for Maximum CapitalizationI put this together for myself to help stay organized and stick to the key plan I have for my trades. One other thing I've done is flag the coins in the watch list according to the level they are in from the template. I also printed the image itself and have been manually writing the coin name on a sticky note, moving them forward through the stages so that I can have a flow-based conception of how alts are moving through these various stages on their ways up.
Hope this helps someone!
4 Color Palettes For Charts 🎨📊Hi traders
there are 4 color palettes here that you can use in @TradingView charts.
1. Standard green & red
2. Neon Carrot & Neon Blue
3. white & Neon Blue
4. green body & green border
In future posts, I will publish more palettes in different backgrounds here.
so don't forget to like this post ❤
Algorithm Builder : Please ask me if you're stuckHi everyone
A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him a strategy with a stunning 63% win-rate, 3 Profit factor - on a period of 10 days, ending today
Our chat imgur.com
Performance of the algorithm across the last 10 days on a market not very volatile: imgur.com
I'm not writing this for trolling, I don't care at all and I surely have better use of my time
I just want to convey a message that if you don't know/understand how to use my Algorithm Builder, please ask me. I won't bite and I'll even advice configs
People are asking me every what I do use for trading and if I use the scripts I share... short answer: YES and the main pinnacle of my trading is the Algorithm Builder.
I make every day for my clients any algorithm on any market, any timeframe in less than 15 minutes. Now some of my clients got even better than me at designing signals with the tools.... (I'm a bit pissed about that, to be honest, but so happy they're learning)
You'll be able as well with a bit of practice, it's honestly not hard. Even my sister is doing it and she doesn't even know what the indicators inside mean...
I'm here to help so shoot me your questions/concerns/feedback.
I can't guarantee your success on the financial markets because psychology plays still a huge part but I did this in 11 minutes guys and you already have the tool available for a free week trial
This is a generic script to detect the confluence/convergence between unrelated indicators
Algorithm Builder
More on that tomorrow to come, my friends.
Dave