Finding "Trend Genesis" with QuantRsi - NASDAQ Winding up
Building a chart to identify trading opportunities with the Quant Rsi.
Here is a quick & dirty (and really ugly) chart as an example for setting up a trade or series of trades with QuantRsi.
Don't let the messy chart turn you off..., this is an overdrawn example to show all interactions. Also, once you set up templates for every timeframe in your drawing tools menu, (this will hide any trendline you draw on one timeframe, so it is visible on that timeframe only. The trendlines drawn here will disappear when I switch to the 4Hour chart.)
The "mess" of trendlines you see here are an example of how to identify nodes in the QuantRsi indicator and use those nodes to draw trendlines which function as DYNAMIC support and resistance levels for future price movement.
The entire QuantRsi system is continually dynamic and adaptive.
The trend you draw from time 1 to time 2, the location of that level relative to price at time 3 is DYNAMIC, so this rigid plot you've drawn serves as an active, moving level relative to price. The future interaction changes based on the adaptive support and resistance maths interpretation of price action, volatility, time, etc, HOWEVER this "dynamic" movement relative to price decays as price time and volatility stabilize towards your trend line interaction, and becomes fixed at candle close. So... as the price approaches your trend, the dynamic characteristics of QuantRsi are reduced and the candle acts as a function of "Price Per 1.0" at close. The "looseness" of this dynamic action is also continuously variable (based on a render of 500+ periods of prior price action), so there may be times when the QuantRsi trend exactly matches a similar trend on the price candles, where the dynamics are flat.
Suddenly these trends become a powerful quick-reference tool to instantly assess and identify the turning points, divergence, and hidden support and resistance levels that may be completely invisible with traditional charting.
Dozens of validations and profitable trades later, the QuantRsi is by far the most profitable tool I have ever developed. It has given me access to trading on timeframes I would normally ignore, and shows opportunities for entries on setups that I would normally "slice the ham" suffering intraposition drawdown.
Swing trades on Daily timeframes, zoom in to the 4H and the :30 Min to assess Support&Resistance, quickly plot trends, set an alert, and execute your trade closer to the real turning point and capturing an ideal entry. Use the "Show % per 1.0" to calculate the estimated distance to a particular SnR level. Excellent as a tool for calculating limit order spreads, complex spread orders, and building positions in assets with low liquidity. Stack orders in a particular range to extract the maximum available liquidity without getting left behind or run over.
Here is a quick & dirty (and really ugly) chart as an example for setting up a trade or series of trades with QuantRsi.
Don't let the messy chart turn you off..., this is an overdrawn example to show all interactions. Also, once you set up templates for every timeframe in your drawing tools menu, (this will hide any trendline you draw on one timeframe, so it is visible on that timeframe only. The trendlines drawn here will disappear when I switch to the 4Hour chart.)
The "mess" of trendlines you see here are an example of how to identify nodes in the QuantRsi indicator and use those nodes to draw trendlines which function as DYNAMIC support and resistance levels for future price movement.
The entire QuantRsi system is continually dynamic and adaptive.
The trend you draw from time 1 to time 2, the location of that level relative to price at time 3 is DYNAMIC, so this rigid plot you've drawn serves as an active, moving level relative to price. The future interaction changes based on the adaptive support and resistance maths interpretation of price action, volatility, time, etc, HOWEVER this "dynamic" movement relative to price decays as price time and volatility stabilize towards your trend line interaction, and becomes fixed at candle close. So... as the price approaches your trend, the dynamic characteristics of QuantRsi are reduced and the candle acts as a function of "Price Per 1.0" at close. The "looseness" of this dynamic action is also continuously variable (based on a render of 500+ periods of prior price action), so there may be times when the QuantRsi trend exactly matches a similar trend on the price candles, where the dynamics are flat.
Suddenly these trends become a powerful quick-reference tool to instantly assess and identify the turning points, divergence, and hidden support and resistance levels that may be completely invisible with traditional charting.
Dozens of validations and profitable trades later, the QuantRsi is by far the most profitable tool I have ever developed. It has given me access to trading on timeframes I would normally ignore, and shows opportunities for entries on setups that I would normally "slice the ham" suffering intraposition drawdown.
Swing trades on Daily timeframes, zoom in to the 4H and the :30 Min to assess Support&Resistance, quickly plot trends, set an alert, and execute your trade closer to the real turning point and capturing an ideal entry. Use the "Show % per 1.0" to calculate the estimated distance to a particular SnR level. Excellent as a tool for calculating limit order spreads, complex spread orders, and building positions in assets with low liquidity. Stack orders in a particular range to extract the maximum available liquidity without getting left behind or run over.
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