1. Pivot Points
2. Stoch RSI
3. VWAP
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
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One of the best strategies for Scalping crypto.
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(A THREAD)🚀🚀
1. Pivot Points
2. Stoch RSI
3. VWAP
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
I will introduce the tools and then explain the strategy.
I Will talk about the calculations to arrive at the indicators separately.
IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.
They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'
The settings to be used have been disclosed in the pic below.
Note- You can choose your own settings but I have disclosed the ones I use.
Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)
It doesn't matter if it's been denoted as P,R or S.
We will learn how to use them below, practically.
The settings for this indicator are already tweaked by the author.
Note- I don't know the author hence not able to provide credit.
Volume Weighted Average Price indicates an overall trend of the market by INCLUDING VOLUME in the average prices.
Sometimes, it filters out fake-outs with low volumes, hence being a powerful indicator.
We are looking for a VWAP Cross.
- It CANNOT be used on it's own
-It works best on time frame lower than 4 hours.
I have highlighted my VWAP settings below.
It is comprised of 2 Lines.
K- The faster line (Blue line in example)
D- The slower Line (Red line in example)
When the Blue line goes above the red line, it's a Bullish cross-over.
Note- We will not deal with the concept of over-bought and over sold here.
The tools mentioned should give the following signal.
• Bullish Stoch RSI cross-over.
• VWAP Break to the upside.
• Pivot point support established or resistance break.
The sequence of signals doesn't matter.
Note- Exact opposite for Shorting.
•Can be combined with Volume Expansion.
•Occurrence of candle-stick pattern increases probability.
ONLY Enter AFTER all three of the above have taken place.
Entry to be made on candle confirmation
(Next candle above the current candle)
Here is an example of Pivot Points acting as support and as resistance on the next target.
-Volume
-Candlestick Patterns
-Confirmations
Will lead to a higher probability entry.
Note- It will reduce the amount of entry but increase the profitability ration.
Example.
• Use the strategy for Day-trading
•Don't use the indicators alone
•WAIT FOR ALL the signals.
• This is not a perfect strategy. It will fail.
Follow Risk management. Always.
Combining it with PA, Volume will give magical results.
More from Emperor👑
🚨Altcoin Trading Indicator🚨
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
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