adam Profile picture
Aug 4 8 tweets 4 min read Twitter logo Read on Twitter
I am happy to announce that the indicator I worked on with @leviathancrypto is now live on Tradingview and completely free.

Here is a short thread on how to use it.



/cont https://t.co/mBC3KVJtwNtradingview.com/script/lfbSiHI…
Image
Indicator colours the candles based on three conditions.

High volume, low volume and churn bars.

This is a "simplified" orderflow that I have been using for ages.

It is originally inspired b Emini watch https://t.co/ehuTTsb2caemini-watch.com/free-stuff/vol…
Image
High relative volume tells us a large amount of buying or selling stepping-in wide-body candles.

This is an indication of either end of the move or the start of new trends.
Image
Image
High Volume often shows more of a retail participation as people ape in into wide-body candles. Churn bars also show high volume and signal start/end of moves but inside small body candles.

This means there was a more sophisticated execution to avoid large price changes. Image
Low-volume candles tell us there is a lack of participation. These are often the "weak spots" and work great as trade targets.
Image
Image
I published an article while ago that dives deeper into relative volume and you can find it here - tradingriot.com/volume-trading…
Although relative volume is a very useful indicator to have, it is not a standalone trading strategy. If you are interested in how I use it in my trading, you can check out the Tradingriot Bootcamp tradingriot.com/blueprint/trad…
Once again, thanks @leviathancrypto for the collaboration and make sure to check out his long list of indicators.

I use many of them and they are one of the best (and completely free) you will find. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with adam

adam Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @abetrade

Jul 21
When I talk about legacy markets, I get DMs from crypto people about what exchange I use, and they always end up bringing two crypto CEXes that allow trading forex and legacy markets.

They are PrimeXBT and Bingx, and here is the thread on why you shouldn't trade on them.

/cont
Before we get into another thread from the category of "Reasons why Adam is never getting 6 figure exchange sponsorship".

I don't do this to stir any drama. I just have a little knowledge of how legacy exchanges should work, and I'm tired of answering people 1-by-1.
Promoting any exchange or product that is not a complete rug (which these are not) is fine. Before getting all angry in comments tagging people realize that you would probably do it too if you had an opportunity.
Read 23 tweets
Jul 1
Rollbit talk again on the timeline with people on the internet that make money buying and selling ponzi schemes arguing about morals of shilling casino.

Here is a quick thread that explains the actual issue of why shlling Rollbit (and other exchanges) is actually bit scummy.… twitter.com/i/web/status/1…
In forex you have two types of brokers with A and B book models.

The A Book gives users DMA (direct market access) which means your orders end up in the real market.

B book models stay in house and brokers trade against their customers, because at the end of the day 80%+ people… https://t.co/qm4W3qvUSAtwitter.com/i/web/status/1…
Although some B book brokers are legitimate, if you trade against your clients it gives you much more room to do a lot of shady stuff such as widen the spreads, cancel trades and so on.

If you were ever wondering how all these forex gurus make money, they are often partnered… https://t.co/Q46V8Qsx25twitter.com/i/web/status/1…
Read 10 tweets
Jun 18
I see so many ICT/SMC traders pop up on my feed everyday.

One of the main concepts are orderblocks, which are supposed to be the levels that "smart money" use for buying and selling.

let's make a quick thread on these things and why they tend to work.

"instert thread emoji" twitter.com/i/web/status/1… Image
First of all, what is defined as an orderblock.

It is consoildation (last opposite side candle) before market makes a significant move to either upside or downside that breaks the market structure. Image
The idea here is that "smart money" use these areas to accumulate positions and trap retail traders before sending market one direction.

In a sense, this is not completely wrong, we just need to get rid of the "secret manipulation" and all other marketing buzzwords.
Read 13 tweets
Apr 26
welp definitely interesting results on this. Here are some quicks thoughts about each management strategy /cont Image
1) Not touching the trade - Full SL or TP

This imo can work, if your strategy is 100% systematic and backtested/forward tested enough.
The "Jesus takes the wheel" approach is definitely not my favourite (but I know some people that do it), because even though you can catch some huge winners from time to time, more of then than not you will give back large amounts of uPnL Image
Read 9 tweets
Mar 8
It's been a few weeks now that I have been watching and trading altcoins more closely, roaming around discords, catching up on narratives and so on.

Let me share some tips that are important when it comes to everything.

cont/
1- "Narratives" are really just short-lived fundamental events people like to believe to pump things. Some are more stupid than others.

Never ever get hooked up on something thinking this is the next big thing because the minute you do, it is most likely over.
2- Finding narratives, well, most people will tell you that you need to be hanging around on twitter, million discord servers, and telegram chats to see what is happening right now.
Read 19 tweets
Mar 7
--- Pinned post, read first ---

All the links are in the next tweets. Image
Free Blog: tradingriot.com

Tradingriot Bootcamp: tradingriot.com/bootcamp

Youtube: youtube.com/c/Tradingriot

Bybit: partner.bybit.com/b/tradingriot

Free read-only Discord: discord.com/invite/jWpFUxH…

Free Exo and Sierra templates: tradingriot.com/templates
Weekly streams: youtube.com/@musicalchairs…

Resources: tradingriot.com/resources

List of tools and platforms you will see me using, some are paid, some are free (I have no affiliation):
Exocharts, Laevitas, Coinalyze, Sierra Charts, Insilico Terminal, Tradinglite, Coinmarketman
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(