I recommend adding at least one auxiliary indicator, StochRSI, to the TradingView chart.
The settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The source value is ohlc4.
With these settings, you can see similar movements to the StochRSI indicator on my chart.
The StochRSI indicator focuses on finding a buying time when it is below the 50 point
- and finding a selling time when it is above the 50 point.
In particular, if the StochRSI indicator is above 80 or below 30, volatility can occur at any time, so you should pay special attention to it.
At this time, you should create a response strategy depending on whether there is support near the support and resistance points drawn on the 1M, 1W, and 1D charts.