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Showing posts from March, 2023

Automatic Chart Patterns

  Automatic Chart Patterns Greetings everyone and welcome to this week's edition of the TradingView newsletter. Despite the anticipated 25 bps rate hike by the U.S. Federal Reserve, the global markets failed to show any positive signs. Both Nifty and Bank Nifty closed ~1% lower compared to last Friday. Additionally, India Vix, the volatility index, has risen by almost 25% in the last few weeks indicating a rise in general uncertainty. But we're not all doom and gloom! To brighten up the mood, this week in our newsletter, we have some exciting content to share with you from our community. This includes a guide on using automatic chart patterns, a post about how AI could change financial markets, and a new indicator that offers valuable insights on volume-price analysis. So, sit back, relax, and enjoy!      Ideas from our Community     Automatically identify chart patterns Instantly spot popular technical setups like Bullish Flags, Double Bottoms, Triple Tops...

Candlestick charts ?

 Know about Candlestick charts ? Candlestick charts, which are used in technical analysis to identify patterns and trends in financial markets, were developed in Japan in the 18th century by a rice trader named Munehisa Homma. Homma used these charts to track the price of rice and other commodities, and he found that they provided a valuable tool for predicting future price movements. Homma's candlestick charts were first introduced to the Western world in the 1980s by Steve Nison, a technical analyst who studied the charts while working as a commodities trader in Japan. Nison popularized the use of candlestick charts in the Western world through his book "Japanese Candlestick Charting Techniques," which was published in 1991. Since then, candlestick charts have become a popular tool for traders and investors around the world, and they are used to analyze a wide range of financial markets, including stocks, bonds, currencies, and commodities. Candlestick charts are a popu...

Super Trend indicator for best time fame how to use ?

 Super Trend indicator for best time fame how to use ? The Super Trend indicator is a popular technical analysis tool that can help traders identify the trend direction and potential entry and exit points in a market. Here are some steps for using the Super Trend indicator: Choose a timeframe that suits your trading style and objectives. The Super Trend indicator can be used on any timeframe, but it's important to use the same timeframe consistently for accurate comparisons. Apply the Super Trend indicator to your chart. The Super Trend indicator is a trend-following indicator that consists of a line that changes color depending on the direction of the trend. The line is typically plotted above or below the price action, and it can be adjusted based on the period and multiplier parameters. Use the Super Trend line to identify the trend direction. When the line is green, it indicates an uptrend, and when the line is red, it indicates a downtrend. Traders can use this information to ...