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, and more with our Automatic Chart Patterns indicator. If you are a technical trader and have a paid plan, read this post to get started.

TradingView Open Idea

5 Important rules for filtering stocks

In this video, I'll be sharing five essential steps that I use to filter stocks. The first step is to analyze the current major trend, which sets the foundation for our analysis. Then, we move on to examine the stock's structure and search for different patterns that can give us valuable insights into its behavior.

StockEngineers_ Open Idea

Economic calendar

Indian Standard Time

CB Consumer Confidence (MAR) United States 28 March

GDP Growth Rate QoQ Final (Q4) United States 30 March

Current Account (Q4) India 31 March

Core PCE Price Index YoY (FEB) United States 31 March

Government Budget Value (FEB) India 31 March

Financial ratios

Calculating a financial ratio is a straightforward process: we choose two or more indicators from the financial statements, combine them with relevant data, and plug them into a formula - and voila! Fortunately, TradingView has made it easy to access a vast collection of financial ratios in the Financials -> Statistics section, which can provide valuable insights.

Be_Capy Open Idea

How to use ChatGPT for algo trading

Natural language processing (NLP) is an essential tool for algorithmic trading, enabling traders to quickly and accurately analyze large volumes of text data. In this section, we'll explore some of the key NLP techniques used in algorithmic trading, including analysis of financial news and social media, sentiment analysis, and identification of potential trading opportunities.

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5 reasons to watch Gold

Gold is money. Everything else is credit" said John Pierpont Morgan, the founder of JP Morgan. When borrowers default, markets collapse, banks run into crisis, and gold prices skyrocket. Gold is currently trading near 12-month highs.

mintdotfinance Open Idea

Script of the Week

Effort Versus Results Explorer

This indicator provides insight into the interplay between relative volume and price action by applying the concepts of volume-price analysis.

RedKTrader Get Script

Learn Something New

Learn about TradingView alerts

While alerts have a ton of potential applications when it comes to trading, they are often underutilised because it can take some time and ingenuity to build a system where they can work well. In this post, we’ll look at the two distinct types of alerts available on our platform.

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It’s okay to love charts!

Do you spend a lot of time on TradingView analysing charts? If so, you're not alone!

TradingView Open Idea

Thanks for reading the Weekly Digest. If you have any questions or comments, send us a message on TradingView. Let’s go