The stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't. I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater...
Here is a fun new way to view the RSI. A new TradingView Indicator for you RSI enthusiasts. This is the Honey Chai RSI Indicator. This indicator combines the RSI oscillator with additional features to enhance its functionality and visual study. The purpose of this indicator is to provide a more comprehensive view of the RSI and aid in identifying trends, potential...
Here's the link to his IDEA. Go to it, check it out and hit the BOOST button underneath it. Incase you don't have your copy here is the Heiken Ashi Algo Oscillator i used in this video and a few others ive created www.tradingview.com In this video i used what's called "The RSI Formula" read about it here to understand a special trick using the RSI values.
What up guys and welcome to the coffee shop. I have a special little tool for you today to throw in your toolbox. This one is a freebie. This is the Stochastic RS-Heiken-Ashi "The Stocashi" This is the stochastic RSI built to look like Heikin-Ashi candles. a lot of people have trouble using the stochastic indicator because of its ability to look very choppy at its...
Welcome to the coffee shop everybody this is your host and baristo eric. By this time everybody knows how to see and plot divergences on your chart. The one thing that I fail to see in a lot of people is to give you a winning solution or strategy on how to trade divergences after you've found them. The answer is in your algo and how the RSI moves against its...
I have to say that one of the most confusing indicators for me is the ATR indicator. it has the tolerance to move up or down which will tell you that you are gaining volatility or losing volatility. when you are gaining volatility above a certain amount on an asset is when it's a good time to trade. but there's nothing that tells us exactly when is that certain...
Welcome to the coffee shop everybody and this is your host and baristo Eric. the bull bear power void has had a massive update since the last time I have been in the shop. So thanks for joining me on this one. THE BACKGROUND: I have recalculated the background to show you when you are looking for Longs and when you are looking for short trades. It's simple...
This is to help a follow trader here on #Tradingview @TradingView @blong8797 This is mainly for you. The problem is that Fractals print late and can not be relied on for use in a any automated system. They will literally BLOW YOUR ACCOUNT. Fractals look nice once they are plotted out but they are to be used as PREVIOUS price data and not CURRENT price...
One of the users following me asked a really good question. Thanks @Manu45e for this one. Its actually a really important thing to know about. This will help you understand when a pullback is over and its time for a continuation trade. 1. Wait for HTF Volume to cross down below the ZERO level 2. Wait for Volume to turn BLUE while still below ZERO 3. Wait for...
First of all you are going to need this indicator Its the Heiken Ashi Algo Oscillator. Click the image below There are times when price is ranging. When this happens you simply need to see what is the channel where the RSI values are hitting and you want to know WHEN is the RSI breaking out of that channel In this oscillator the HIGH and LOW part of the RSI...
Well ladies and gentlemen I think I have created a monster and I'm really happy to call it the heiken Ashi algo and the Mass Effect moving average combination. Don't worry I have not been leaving you hanging. It's just been very busy and I want to make sure that this thing works beautifully for you. So what is the heiken Ashi algo oscillator? it is an...
For this to work you're going to need your bull bear power void oscillator. I have mine set on its default settings but you can also set it up with the following. Click the image below for that indicator for free The Setup the length is 50 the moving average is 20 the macd settings are 12 / 26 / 9 With this I have a 50 period EMA on my chart. Drawing...
To get this indicator on your charts (remove the old one from your favs and your chart if you have it already) otherwise just go to this link and add it Welcome to the coffee shop everybody in this video I am discussing the new changes to the bullet bear power void. There have been some changes to the coding because I did see your messages discussing that it...
Welcome to the coffee shop everybody once again. This is your host and baristo Eric and I have a number of strategies to put up for you but I realized that you guys are going to need some help with that. In a few of my previous videos you have seen me using my Fibonacci Retracement tool but the question always arises why does mine look different than yours. So I...
A fellow trader here on Trading View needed some help with a trade he is taking. Commonly when an RSI makes a new LOW and price makes an opposing HIGH this is called a "Bearish Divergence" When this happens, its expected that price will follow and make new Lows or start moving down. But what happens when price continues to move up? Why would it go against the...
This is a divergence trading strategy i am testing out for you guys who are still having trouble knowing WHEN to enter a trade after finding a divergence as well as where to exit that trade. This will also give you more information on the followings: Where to use the RSI FORMULA. When to enter a trade after a divergence. What a fake out looks like. Where to...
The simplicity of this indicator is REALLY what has me gassed up. It's the smallest indicator I have coded but it is just so powerful. There are a million oscillators out there based on volume. My biggest problem with them is that they simply tell you whether you have volume to the upside or volume to the down side. It kind of tricks you with the lack of...
I can't say it enough that patience is key. I got a lot of messages over the past evening from fellow traders who are attempting to use strategies that they find or strategies that they are trying to develop and they're using the oscillator which I've created. Here is a link to it (click the image) One particular treasure found me on another community and...