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Understand New type of Price Representation on charts.
Maximum Retweet and Share ! 1/n @kuttrapali26@rohanshah619
What is Heikin Ashi? 1. Heikin-Ashi, also called Heiken-Ashi, is translated as an "average bar" in Japanese. 2. The Heikin Ashi strategy is a useful tool used in identifying market trends and
predicting the future prices of assets.
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3. The Heikin Ashi can be used alone or in conjunction with candlestick charts. 4. These charts can be very useful as they make it easier to read candlestick charts
and analyze market trends , without noise 3/n
Heikin Ashi vs Candlestick 1. The Heikin Ashi has a few differences with the traditional candlestick chart.
The candles on traditional candlesticks usually change from green to red (up or
down), making it difficult for some traders to interpret.
Candlestick vs Heikin Ashi chart
2.However, the candles on a Heikin Ashi chart display more consecutive colored
candles, making it easy for traders to identify past price movements and current
trends. 3. With Heikin Ashi, charts usually stay green in an uptrend and red in a downtrend.
Calcluation Shared 5/n
How to Use Heikin Ashi to Identify Trends and Trend Strength 1. Because Heikin Ashi candlesticks are calculated using averages, the candlesticks
have smaller shadows or wicks compared to the regular candlesticks. 6/n
2.However, similar to the regular candlesticks, the smaller or shorter the shadow or wick in
Heikin Ashi, the stronger the trend.
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3. Heiken Ashi is designed to show you the direction of a trend with the help of its
color-coded candles. A green candle indicates that the trend is up, while a red
candle is a sign that the trend is down. 8/n
4. Green candles without upper shadows show a strong uptrend, while red candles
without lower shadows indicate a strong downtrend. 9/n
I made A few Lakhs using this Famous Swing Trading Strategy
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It is characterized by a period of price volatility followed by a contraction phase, leading to a breakout in the stock's price. Here's a breakdown of the VCP pattern:
Breakout Rules :
Buy Stocks on Break , not after breakout
Use Alert Systems or place GTT orders near Breakout area
If you miss the breakout better to stay away from stock as RR goes out of favour
It took me 3 years to understand Volume Price Analysis
I'll explain in next 10 tweets
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RT for max Support
Support Resistance
✅They simply represent the 'extreme' psychological levels of fear and greed in that particular price region and time.
✅Strength of Buyers = Sellers
✅Lower volatility price congestions
7 less known Tradingview Indicators that all traders should know about
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1. @TraderLion_ Enhanced Volume Indicator
Lime Green Bars Suggests day when the stocks closes near the days high and volume greater than past 10 down volume days Suggesting Institutional Accumulation
Has Features Like :Highest/Lowest Volume in a year.
Modified version of Bollinger Bands
When price is written in blue, volatility overall is falling. When the outer bands start to fatten up in blue, a contraction signal is forming. Works with any length of your choosing