The picture above shows the Price Average Indicator with 6 moving averages displayed as lines(3 exponential averages and 3 simple averages). Each price average line color can be changed individually, and each set of averages can be turned on/off from the main input tab of the indicator settings. The picture above shows the Price Average Indicator with price candles that color-fill based on price trend. The default setting for the candle colors is the 8EMA; when price is above the… Continue reading →
The Percent Price Oscillator ( PPO ) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. Similar to the Moving Average Convergence/Divergence( MACD ), the PPO is comprised of a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers, and divergences. Because these signals are no different than those associated with MACD , this indicator can be read exactly as the MACD is read. The main differences between the PPO and MACD are: 1) PPO readings are not subject to… Continue reading →
C2 Trends Technical Indicator Portfolio
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What Is Technical Analysis?
Technical analysis is a trading discipline employed to evaluate stocks, cryptocurrencies, bonds, FX, commodities, futures, options, precious metals and all other securities that are available to buy or sell on an exchange. Technical analysis at its core is the study of financial market price action and is utilized by traders to analyze statistical data gathered from trading activity such as price movement, price trend, price momentum, price volatility and volume which are displayed in graphic form, called charts. Technical analysis can be used on any security with historical trading data, and any timeframe can be analyzed from minute-to-minute or hour-to-hour(for the short-term intraday traders), day-to-day or week-to-week(for the trend, momentum and swing traders), and month-to-month or year-to-year charts can be studied(for the long-term investors). Traders who read price charts only are called chartists, while traders who read price charts and math-based derivatives of price(technical indicators) are called technical analysts, or technicians for short.
While fundamental analysts focus on a security’s value based on results such as sales and earnings, technicians focus on the study of price and volume rather than the fundamental factors that (appear to) effect market prices. Technicians operate in markets under the assumption that even if all relevant information of a market or security was known, the markets reaction to that information would still be unpredictable. Technicians believe that there are so many fundamental factors in play at any given time that coming to an accurate assessment of a security’s value is nearly impossible. The technical analyst believes that all relevant market information is reflected in price at any given time with the exception of unexpected natural disasters or man-made events, known as black swans. These events are usually discounted very quickly, however, ultimately ending with price returning to the level it was at prior to the event.
Why Use TradingView?
TradingView is the #1 platform for traders who demand only the best when it comes to pro-level charts, indicators, strategies, overlays and charting tools. More than 25 million charts have been published by users on TradingView with 10 million people visiting the site every month. Over 4 million trade ideas have been published and upwards of 100,000 technical indicators have been developed and shared by users.
On TradingView you can share your trade ideas and charts with others, learn from the best traders to improve your own trading skills and explore the custom technical indicators created using TradingView’s custom coding language, Pinescript.
Chat with other traders, view their trade setups, compare market research and join in on discussions. View tutorial videos to learn how to use proprietary technical indicators, and watch live streams to catch up on the latest market news. Users are ranked by one another so you can find the most followed traders from day one to begin learning their trading techniques and watch their trade recommendations play out in real-time.
- 131 million people visited TradingView in 2020, up from 70 million in 2019.
- There were 2.5 billion page views in total across the site in 2020.
- 8 million new accounts were created in 2020 compared to 2 million in 2019.
- As of the end of 2020, TradingView is the top 120th site in the world according to Alexa Web Rankings(was ranked 300th+ this time last year).