Here I am providing you Improved single system to get all components to take better and smarter trading decisions and improve your trading with
a) Dashboard - to gauge market sentiment across all TF.
b) VWAP – to get idea about trend and fair value of market.
c) BB – to get idea about volatility and contraction/expansion in price.
1.Gauge Sentiment across timeframe for various indicators in single dashboard.
RSI - to get the idea about relative price strength across all TFs.
MFI- gives idea whether trend is supported by volume or not across all TFs.
STOCH – IT is a range bound momentum oscillator. It is designed to display the location of the close compared to the high/low range over a user defined number of periods. You can use STOCH for Identifying overbought and oversold levels and also for identifying bull and bear set ups or signals across all TFs.
with this dashboard , you will get complete sentiment of market on your screen whether you use lower to upper TF or upper to lower TF approach. you can see market behavior and sentiment with these all in one dashboard across all TFs.
2.Dashboard better be used with MA or vwap to get trend direction and just for that this system has
a) VWAP- a technical analysis tool used to measure the average price weighted by volume . It's similar to a moving average in that when price is above VWAP , prices are rising and when price is below VWAP , prices are falling. VWAP is primarily used by technical analysts to identify market trend.
b) Bollinger Band - This is an oscillator meaning that it operates between or within a set range of numbers or parameters. the standard parameters for Bollinger Bands are a 20 day period with standard deviations 2 steps away from price above and below the SMA line. Essentially Bollinger Bands are a way to measure and visualize volatility . As volatility increases, the wider the bands become. Likewise, as volatility decreases, the gap between bands narrows.
Volatility can generally be seen as a cycle. Typically periods of time with low volatility and steady or sideways prices (known as contraction) are followed by period of expansion. Expansion is a period of time characterized by high volatility and moving prices. Periods of expansion are then generally followed by periods of contraction. It is a cycle in which traders can be better prepared to navigate by using Bollinger Bands because of the indicators ability to monitor ever changing volatility .
Read more about it on Bollinger Bands (BB).
And as a bonus added ability for BB to use SMA or EMA line as basis as per your comfort.
2. Added feature to change location of dashboard on chart, now you can place it on top left, top right, bottom left, bottom right corner of chart as per your comfort.
3. ability to hide/show for all TFs.
Now you can on/off 5min, 15 min, 30 min, 60 min, 4 hour, daily ,weekly and monthly TF column if you do not use it. you can keep and work with TFs as per your comfort and liking.
4. Added feature to hide/show indicators, MFI , Stoch , VWAP and BB Bands
Now you can on/off indicator s MFI , Stoch , VWAP and BB bands if you don't need them on dashboard as per your need.
Hope IT helps to take better trading decisions and improve your trading experience.
a) Dashboard - to gauge market sentiment across all TF.
b) VWAP – to get idea about trend and fair value of market.
c) BB – to get idea about volatility and contraction/expansion in price.
1.Gauge Sentiment across timeframe for various indicators in single dashboard.
RSI - to get the idea about relative price strength across all TFs.
MFI- gives idea whether trend is supported by volume or not across all TFs.
STOCH – IT is a range bound momentum oscillator. It is designed to display the location of the close compared to the high/low range over a user defined number of periods. You can use STOCH for Identifying overbought and oversold levels and also for identifying bull and bear set ups or signals across all TFs.
with this dashboard , you will get complete sentiment of market on your screen whether you use lower to upper TF or upper to lower TF approach. you can see market behavior and sentiment with these all in one dashboard across all TFs.
2.Dashboard better be used with MA or vwap to get trend direction and just for that this system has
a) VWAP- a technical analysis tool used to measure the average price weighted by volume . It's similar to a moving average in that when price is above VWAP , prices are rising and when price is below VWAP , prices are falling. VWAP is primarily used by technical analysts to identify market trend.
b) Bollinger Band - This is an oscillator meaning that it operates between or within a set range of numbers or parameters. the standard parameters for Bollinger Bands are a 20 day period with standard deviations 2 steps away from price above and below the SMA line. Essentially Bollinger Bands are a way to measure and visualize volatility . As volatility increases, the wider the bands become. Likewise, as volatility decreases, the gap between bands narrows.
Volatility can generally be seen as a cycle. Typically periods of time with low volatility and steady or sideways prices (known as contraction) are followed by period of expansion. Expansion is a period of time characterized by high volatility and moving prices. Periods of expansion are then generally followed by periods of contraction. It is a cycle in which traders can be better prepared to navigate by using Bollinger Bands because of the indicators ability to monitor ever changing volatility .
Read more about it on Bollinger Bands (BB).
And as a bonus added ability for BB to use SMA or EMA line as basis as per your comfort.
2. Added feature to change location of dashboard on chart, now you can place it on top left, top right, bottom left, bottom right corner of chart as per your comfort.
3. ability to hide/show for all TFs.
Now you can on/off 5min, 15 min, 30 min, 60 min, 4 hour, daily ,weekly and monthly TF column if you do not use it. you can keep and work with TFs as per your comfort and liking.
4. Added feature to hide/show indicators, MFI , Stoch , VWAP and BB Bands
Now you can on/off indicator s MFI , Stoch , VWAP and BB bands if you don't need them on dashboard as per your need.
Hope IT helps to take better trading decisions and improve your trading experience.