BitcoinLong
TrendCalculus (TC): Powerful Visualisation of Market Trends
TrendCalculus (TC) is an indicator that helps you to visually understand trends and rates of change in price over a particular timeframe. Here it is used to study BTCUSD.
When studying any chart, you can use more than one TC indicator, to compare how rates of change on different timeframes are interacting. This can help you construct a view of active pivot points on short time frames, while also noting down key support and resistance levels on longer timeframes.
Notice in this chart, I have "tuned" TrendCalculus, by finding a timeframe that really "finds" all the correct price levels over the last few years .... It's uncanny how many times the price action has "bounced" off or "broke through" these key support and resistance lines. I've added a marker in Blue to those where my pivot points offered a correct view on a support or resistance levels, and the pivot did hold, as seen by the price action bouncing. While not 100% perfect, it's pretty uncanny.
Try it out!
Add the free TrendCalculus indicator to your charts and let me know what you think in the comments.
When studying any chart, you can use more than one TC indicator, to compare how rates of change on different timeframes are interacting. This can help you construct a view of active pivot points on short time frames, while also noting down key support and resistance levels on longer timeframes.
Notice in this chart, I have "tuned" TrendCalculus, by finding a timeframe that really "finds" all the correct price levels over the last few years .... It's uncanny how many times the price action has "bounced" off or "broke through" these key support and resistance lines. I've added a marker in Blue to those where my pivot points offered a correct view on a support or resistance levels, and the pivot did hold, as seen by the price action bouncing. While not 100% perfect, it's pretty uncanny.
Try it out!
Add the free TrendCalculus indicator to your charts and let me know what you think in the comments.
Wyłączenie odpowiedzialności
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.