That is why this is a strategy I will be using throughout the squeeze to monitor the momentum and find a good exit point. You would have captured majority of the uptrends and made significant profit while selling on the way down after the peak. This means you can use them as confirmation of trend reversals when they all make a decisive move in the opposite direction of the current trend.Īs you can see from the above graphic, if you were to use the bearish Heikin-Ashi bar, Stoch RSI cross, TSI cross, and Wavetrend cross as your sell signals. They are similar in nature as they track the strength of an asset into overbought/oversold territory, but they don’t all move at quite the same speed. Stochastic RSI, TSI, and Wavetrend Cross are 3 TradingView indicators are fairly common and are great to use in conjunction with one another.But a red heikin-ashi candle with only a bottom wick is bearish and on higher timeframes signals a trend reversal to the downside. Heikin-ashi candles with both top and bottom wicks are much like dojis, signaling indecision in the price. The first thing to look for is a red heikin-ashi candle with only a bottom wick as this indicates strong bearish price action within the candle. There are also less complex reversal patterns to memorize. Heikin-Ashi Candles are different from traditional candlesticks as they are formed based on the average price within a period of time and not the exact open, high, and low of a candle.Id much rather have my indicators be late than way too early. That is what I personally will be focused on due to indicators being too easily faked out on timeframes such as the 4hr chart and lower. This strategy utilizes 3 Tradingview indicators and Heikin-ashi candles corresponding as such:įor this strategy, I DO NOT recommend using timeframes lower than the DAILY CHART. ![]() However, I have found that for a squeeze of one to two weeks (like Gamestop’s 3 big spikes in the picture) this setup is quite accurate. Obviously not every squeeze is the same and indicators are not always 100% accurate. When developing this strategy, I analyzed the 3 big spikes GME has had this year. Yeah yeah I know what you're thinking, "Technical Analysis? For a squeeze play?" But hear me out here! This might come in handy instead of just guessing and hoping your selling point ends up being somewhere near the top :P Like the rest of you, I aim to sell on the way down (that way we can maximize the squeeze and get the most gains possible). When the indicator is off (red), no trade is recommended.Hello Apes! Here is a simple trading strategy I developed that I will personally be using with the AMC squeeze to make sure I hold through the volatility, and ride the rocket up all the way to the peak. When the indicator is on and the Momentum Oscillator is red, it is considered a Sell signal (this signal is supposed to be correct until two yellow bars in a row). ![]() ![]() When the indicator is on (green) and the Momentum Oscillator is colored cyan, it is considered a Buy signal (this signal is supposed to be correct until two blue bars in a row). ![]() The Momentum Oscillator histogram is smoothed up with linear regression and other techniques. To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator. When the market finishes a move, the indicator turns off, which corresponds to bands having pushed well outside the range of Keltner's Channels. The Squeeze indicator finds sections of the Bollinger Bands® study which fall inside the Keltner's Channels. When the volatility increases, so does the distance between the bands, conversely, when the volatility declines, the distance also decreases. The Squeeze indicator measures the relationship between two studies: Bollinger Bands® and Keltner's Channels.
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