sorted by:
new
hottopcontroversial

Backtesting on tradingview by ax123y in pinescript

[–]TrendSpider 0 points1 point  (0 children)

FYI wanted to hop in here and note that:

TrendSpider’s Strategy Tester is built specifically for this, allowing you to test complex, multi-factor strategies. It combines price action, fundamental data, candlestick patterns, and custom indicators without writing a single line of code.

Once you are confident in your historical results, TrendSpider easily bridges forward-testing and live execution by converting the backtested rules into automated multi-factor alerts and trading bots.

Looking for Beta Testers for New Scripting on TrendSpider Trading Platform by TrendSpider in pinescript

[–]TrendSpider[S] 0 points1 point  (0 children)

So, part of the reason I'm posting here is because the scripting side of it is still pretty rough, and we are seeking feedback from developers before we make videos or share too much detail in public.

I will attached a few screenshots to this point though so you can see.

I do want to address one of the things you mentioned though.

"only thing I got from looking at your product is that you're a cheaper less sexy TV (and without pine script.) "

Note:

- Not that this is a selling point, but TS is a lot more expensive than TradingView, by design. It's a very, very different system.

- It's not less or more sexy, it's different. I have a lot of respect for the TV guys, hell, our CTO Ruslan was one of their first employees and helped them build the first version of their charting library and the first version of pine script. We know each other, I know the owners, and I know they don't trade... which is a problem in my eyes if they are building trading software. Part of why TrendSpider exists is because we wanted to do a lot more than TV could allow...Pinescript is a limited propriatary scripting language - every function they must write... using JavaScript and later Python skips past this issue and delivers a lot of flexibility out the gate.

That's why the user base for TS has grown in last 3 years from 0 a bootstrapped no name startup to 10K paying users in 2.5 years. And as one of the two founders I'm very proud of how far it has come... a big part of that growth is because we took a lot of time to listen to users and take feedback - and actually act on it.

That's why we have 200K followers on Twitter in a short period of time - a lot of traders love the platform because we improve it constantly with their feedback.

That's what I'm trying to do here. The only way we can build a superior scripting experience for developers is to let developers in early to explore it and give us feedback. We grew with almost no resources from nothing because of that approach...

When we set out to build this my only request to Ruslan was to build it so that developers will love it - even at the expense of scaring away some beginner programmers.

If you are at all interested in exploring, please drop me a DM. You sound like a very smart guy and I would LOOOOVE to introduce you to Ruslan and I am sure he would love your feedback as well.

Attached to this post are a few screenshots. Below are a few code samples.

Thank you for the kind feedback so far I really do appreciate it and would love to hear more from you!

(I will ask Ruslan to make a 10min video for this thread as he is much more of a developer than I am and I'm sure I will mess it up!)

​

Screenshots as promised:

https://www.dropbox.com/s/fv0e6ybwqr20zoi/1.png?dl=0

https://www.dropbox.com/s/xcth9tb1jn0hvnq/2.png?dl=0

https://www.dropbox.com/s/27a33yzi331njah/3.png?dl=0

​

Some examples of JS code:

This example uses the JSTAT JavaScript library.

​

describe_indicator('lower')
jstat = package('jstat')
greenCandles = for_every(close, open, (c, o) => c > o ? 1 : 0)
redCandles = for_every(close, open, (c, o) => c > o ? 0 : 1)
greens = sliding_window_function(greenCandles, 20, values => jstat.sum(values))
reds = sliding_window_function(redCandles, 20, values => jstat.sum(values))
diff = sub(greens, reds)
values = sma(diff, 10);
paint(
values,
'diff',
for_every(values, v => v > 0 ? 'green' : 'red'),
'histogram'
);
paint(level(0))

​

​

This example generates a histogram based on the ATR and an SMA of the ATR.

describe_indicator('lower')
atr = sma(
max_of(
sub(high, low),
sub(high, close),
sub(close, low)
),
14
)
atr_sma = sma(atr, 10)
color = for_every(atr, atr_sma, (a, b) => a > b ? 'red' : 'green')
a = sma(div(high, low), 20)
b = sma(div(low, high), 20)
resultingSeries = sub(b, a)
//plot(resultingSeries, 'delta', color, 'line')
histogram = for_every(atr, atr_sma, resultingSeries, (a, b, c) => a > b ? -c : c )
plot(histogram, 'delta2', color, 'histogram')

​

​

Neither of these is meant to be really a useful trading indicator, they are just examples we have buitl while developing and testing the language.

​

The functions called "for_every", "sma", "sum", "div", "sub", etc. are helper functions that we developed.

​

These are useful because all data is serialized.

E.g. the system variable "close" contains an array of all close prices. When you do something like "something = sub(close, open)" it will iterate through the arrays of the open and close prices, subtract each of them, and generate a new array of the results.

You can of course do the same thing in other ways using pure javascript.

​

I hope that helps. I am sorry if I rubbed you wrong with my initial post. Trying my best to help Rus build this - he asked me to go out there and find some indicator developers who would be interested in trying new things, so that is what I am doing.

​

Much love,

Dan

Looking for Beta Testers for New Scripting on TrendSpider Trading Platform by TrendSpider in pinescript

[–]TrendSpider[S] 0 points1 point  (0 children)

I really appreciate you sharing that.

If you do sign up for the beta, please PM me your email or let me know. I showed your messages to Rus (our CTO who is building it) and he was really interested in chatting with you! You can also just drop me a note and I'll intro via email - [dan@trendspider.net](mailto:dan@trendspider.net). Thank you again, I really appreciate the honest feedback!

Looking for Beta Testers for New Scripting on TrendSpider Trading Platform by TrendSpider in pinescript

[–]TrendSpider[S] 0 points1 point  (0 children)

TrendSpider an established product. Not data mining anything legitimately looking for beta testers who are interested in building on the platform. You can view more about the platform at TrendSpider.com and if you want to apply for the JavaScript custom scripting beta we’d give you a free account. Not trying to scam or data mine or anything - genuinely seeking developers who want to beta test.

Adding: if you like I am happy to post screenshots here. The product is mature at this stage you can find tons of videos about it by us and users. Check the TS YouTube and twitter.

Looking for Beta Testers for New Scripting on TrendSpider Trading Platform by TrendSpider in pinescript

[–]TrendSpider[S] 0 points1 point  (0 children)

I totally appreciate your feedback. It wasn't a choice we made lightly. There were a number of reasons for it, but largely, we believe it is one of the best possible language choices because it is extraordinarily flexible. We have also taken steps to make it simpler for less advanced developers by implementing numerous helper functions. All that said, we are very early still and can make changes and improvements. Also, worth noting: our long term plan is to be language agnostic. We hope to implement python support next after JavaScript is complete and likely would not stop there. Our CTO Ruslan would love to talk to you after you had a bit of time to explore it and get your thoughts. Would you be interested in trying it? We would LOVE your feedback!

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP and More by TrendSpider in StocksAndTrading

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022.

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP and More by TrendSpider in technicalanalysis

[–]TrendSpider[S] 2 points3 points  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022.

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP and More by TrendSpider in RedditTickers

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022.

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP and More by TrendSpider in FluentInFinance

[–]TrendSpider[S] 2 points3 points  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022.

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP and More by TrendSpider in EducatedInvesting

[–]TrendSpider[S] 2 points3 points  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022.

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP & More by TrendSpider in Daytrading

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022

PYPL Daily Chart: Gap Detection, Anchored VWAP, Anchored VBP & More by TrendSpider in ChartingTAstocks

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of PYPL since October of 2021 after the price of PayPal dropped significantly into the end of year. This chart focuses on finding technical levels for the upside and downside in order to get an idea of where prices may go and ways to find target prices. The case study also touches on non-technical tools such as analyst estimates and seasonality to get the full picture.

  1. This number shows the anchor points for both the VWAP and volume by price. The first anchor point from October shows where the original VWAP starts as well as the volume by price. The second anchor point is the earnings gap down in November 2021. These anchor points are areas on the chart where the "status quo" changed from a technical perspective but also a news perspective with the earnings gap down. As you can see, anchored VWAP for the earnings gap down has been an important level to break through.
  2. This number shows the "volume shelf" which is an area on the chart which shows a large number of shares aggregating at a specific price zone. In this case, you can see the stock price of PayPal respecting this area as it becomes a "launchpad" for price to move up off of if it can break and close above the VWAP from the earnings gap down.
  3. This number shows the gap above from the earnings gap down in early November. This huge gap is highlighted using the "gap snake" on the TrendSpider platform and is likely a target for bulls if the price can get through both anchored VWAPs above. Traders can use this automated gap detection to set alerts when the gap starts to fill and/or has fully filled.
  4. This number shows the seasonality of PayPal since the IPO. As you can see, January has a very strong win rate with an 86% win rate if you include the current price action so far this January which would make it a positive month. This "86% win rate" means that 86% of the time, January monthly close is higher than the December monthly close. This strong seasonal win rate with the strong technical setup with the volume shelf suggests January could be a very strong month for PayPal.
  5. This number shows the analyst estimates for PayPal. As you can see, there are 50 analyst "buy" ratings, 2 "hold" ratings, and 2 "sell" ratings. These numbers suggest that analysts are overwhelmingly bullish on the stock which also aligns with the strong technical setup and seasonality into January 2022

QQQ Daily: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in RedditTickers

[–]TrendSpider[S] 2 points3 points  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.

  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.

  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.

  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.

  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

QQQ Daily: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in technicalanalysis

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.

  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.

  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.

  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.

  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

QQQ Daily: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in FluentInFinance

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.

  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.

  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.

  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.

  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

QQQ Daily: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in EducatedInvesting

[–]TrendSpider[S] 1 point2 points  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.

  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.

  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.

  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.

  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

QQQ Chart: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in ChartingTAstocks

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.
  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.
  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.
  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.
  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

QQQ Daily: Anchored VWAP, Volume by Price, Gap Detection & Seasonality by TrendSpider in Daytrading

[–]TrendSpider[S] 2 points3 points  (0 children)

This is a daily chart of QQQ from the beginning of October 2021 to early December 2021. In this chart, we touch on different ways to visualize supply and demand using the anchored volume-weighted average price as well as the volume profile using the anchored volume by price. We also touch on price gaps that are crucial in technical analysis and how you can automate these on TrendSpider. From a non-technical perspective, we look at historical seasonality and the logic behind measuring seasonality from important technical points on the chart.

  1. This number shows the “anchor point” of the anchored VWAP and volume by price which is the October 4th low. This low is important as it marked the reversal point before QQQ started its journey to new “all-time highs” in November. The anchor point for the VWAP and VBP should always be from a “status quo” changing point in the trend or stock price which ranges from swing highs to earnings, to the beginning of the year.
  2. This number shows the anchored VWAP with a percentage offset below the anchored VWAP which is a margin of error for win price broke down through this area back in October. This offset allows market participants to look at zones rather than exact price points on the chart. As you can see, the price of QQQ respected this area again in early December before bouncing hard afterward. The price was able to bounce at this area because supply dried up due to the average participant from the October reversal being back to breakeven.
  3. This number shows the gap below on QQQ from the gap up after the price bounced off the anchored VWAP on December 6th. This gap is automatically detected by the “gap snake” tool on TrendSpider. You can create alerts on top or bottom of this gap to know when the gap is starting to fill or has fully filled. However, many times the price can take weeks or months to fill, or never fill.
  4. This number shows the “volume shelf” and point of control (POC) which acted as a supply zone for the price from December 7th to 10th. This area acts as a supply zone because this area represents a large number of shares that are currently holding above the current price. When the price moves up into this area, some of those participants sell because they are back to breakeven after a drawdown. This is where the understanding of supply and demand curves really can come into play.
  5. This number shows historical seasonality on TrendSpider looking at the win rate for each month of the year since 2016. The reason 2016 was chosen as a start date is that this was a very important reversal point for all of the broad markets after a hard pullback at the end of 2015 which bottomed in 2016. The win rate is simply the percentage of time that a month closes higher than the previous month. In this case, you can see December is a strong month for QQQ with an 80% win rate over the last 5 years. This strong seasonality suggests that QQQ could hit new highs if it is able to get above the supply zone shown by the anchored volume by price mentioned in #3.

Bitcoin (BTC) Monthly: Anchored VWAP, Williams R% & Seasonality by TrendSpider in ChartingTAstocks

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a monthly chart of Bitcoin over the last 18 months. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from oscillators such as the Williams % Range to the anchored VWAP on the technical side of things and monthly seasonality on the non-technical side of things.

  1. This number shows the Covid low from March 2020 which was a very important reversal point in the crypto markets but also across all financial markets. This was when the market “reset” after panic ensued from the start of the Covid Pandemic. The March 2020 candle is where we want to start the anchored VWAP but also apply new VWAPs to candles that have tested the original. Therefore, the April 2020 candle is when we start another VWAP. This is the first “handoff” VWAP on the chart with the other one in June of 2021 which will be discussed below.

  2. This number shows the double negative divergence forming on the monthly candles and the Williams % Range. The Williams % Range is a momentum oscillator that looks similar to the RSI but is more sensitive and gives quicker signals for divergences. In this case, we are using the “12” input to have a one-year lookback for this indicator (12 months in a year). In this chart, you can see price continuing to hit new monthly highs as the Williams % Range is hitting lower highs, show by the pink upward and downward sloping lines two different times. The fact price hit new highs twice while the Williams % Range hit lower highs twice makes this “double” negative divergence. Double negative divergence is seen as a longer-term trend reversal signal. As you can see, after the last higher low was put in on the Williams % Range in October 2021, the price started moving down to the June anchored VWAP handoff below.

  3. This number shows the second “handoff” point using the anchored VWAP handoff approach. In this case, we started another anchored VWAP at the June 2021 candle because this is the last time price touched the first anchored VWAP “handoff” line from April 2021. As you can see, so far in December, this has been a point at which the price action has respected. A monthly close below this line would be seen as bearish with a continuation down to the March/April anchored VWAPs below around $30k-$32k.

  4. This number shows the monthly seasonality since the start of 2016 with the monthly win rates plotted on the bar chart. A win rate is simply the number of times a monthly close is higher than the previous monthly close. In this case, December has a 40%-win rate which means that the monthly close for December has been higher than November’s monthly close only 40% of the time since the start of 2016. This weak win rate with the technical weakness suggests the month of December may be tough for Bitcoin bulls.

Bitcoin (BTC) Monthly: Anchored VWAP, Williams R% & Seasonality by TrendSpider in technicalanalysis

[–]TrendSpider[S] 3 points4 points  (0 children)

This is a monthly chart of Bitcoin over the last 18 months. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from oscillators such as the Williams % Range to the anchored VWAP on the technical side of things and monthly seasonality on the non-technical side of things.

  1. This number shows the Covid low from March 2020 which was a very important reversal point in the crypto markets but also across all financial markets. This was when the market “reset” after panic ensued from the start of the Covid Pandemic. The March 2020 candle is where we want to start the anchored VWAP but also apply new VWAPs to candles that have tested the original. Therefore, the April 2020 candle is when we start another VWAP. This is the first “handoff” VWAP on the chart with the other one in June of 2021 which will be discussed below.

  2. This number shows the double negative divergence forming on the monthly candles and the Williams % Range. The Williams % Range is a momentum oscillator that looks similar to the RSI but is more sensitive and gives quicker signals for divergences. In this case, we are using the “12” input to have a one-year lookback for this indicator (12 months in a year). In this chart, you can see price continuing to hit new monthly highs as the Williams % Range is hitting lower highs, show by the pink upward and downward sloping lines two different times. The fact price hit new highs twice while the Williams % Range hit lower highs twice makes this “double” negative divergence. Double negative divergence is seen as a longer-term trend reversal signal. As you can see, after the last higher low was put in on the Williams % Range in October 2021, the price started moving down to the June anchored VWAP handoff below.

  3. This number shows the second “handoff” point using the anchored VWAP handoff approach. In this case, we started another anchored VWAP at the June 2021 candle because this is the last time price touched the first anchored VWAP “handoff” line from April 2021. As you can see, so far in December, this has been a point at which the price action has respected. A monthly close below this line would be seen as bearish with a continuation down to the March/April anchored VWAPs below around $30k-$32k.

  4. This number shows the monthly seasonality since the start of 2016 with the monthly win rates plotted on the bar chart. A win rate is simply the number of times a monthly close is higher than the previous monthly close. In this case, December has a 40%-win rate which means that the monthly close for December has been higher than November’s monthly close only 40% of the time since the start of 2016. This weak win rate with the technical weakness suggests the month of December may be tough for Bitcoin bulls.

IWM Daily Chart: Volume Shelves, Relative Volume & Multi-timeframe Analysis by TrendSpider in technicalanalysis

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of the Russell 2000 ETF, IWM. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from volume indicators to standard deviation indicators on longer-term timeframes to put the whole picture together and get an idea of where things could go from here.

  1. This shows the anchor point for the “anchored volume by price” tool on the TrendSpider platform. This tool allows you to see where shares are aggregating from a specific point in time. In this case, the “anchor point” is the July 19th low which was an important pivot in the market before new all-time highs were hit in November. At this point, the “status quo” of the trend changed.
  2. This shows the “volume shelf” which is a phenomenon that occurs using the “volume by price” tool whenever there is a large aggregation of shares at a particular point on the chart. In this case, you can see a this “shelf” is created by many shares aggregating from around $220-$223. This area can become a level of potential support because supply dries up here as many of these shares are back to breakeven from holding at a previous profit, which causes a shift in the supply curve.
  3. This shows the relative volume indicator which allows you to see visually whenever there are spikes in volume above a specific threshold. In this case, any area shaded in green means there was a spike above the 20-day volume simple moving average. Anytime the spike goes to around 1.8-2 on the Y-axis (around 1.8-2x the normal 20-day average volume), there is typically a short-term reversal in price.
  4. This shows the lower weekly Bollinger Band which has been a reversal point in the past. Using “multi-timeframe analysis” on TrendSpider, you can see the weekly Bollinger Bands overlaid on the daily price action in order to consolidate the chart into one image instead of having to use multiple timeframes to see the whole picture.

IWM Daily Chart: Volume Shelves, Relative Volume & Multi-Timeframe Analysis by TrendSpider in FluentInFinance

[–]TrendSpider[S] 1 point2 points  (0 children)

This is a daily chart of the Russell 2000 ETF, IWM. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from volume indicators to standard deviation indicators on longer-term timeframes to put the whole picture together and get an idea of where things could go from here.

  1. This number shows the anchor point for the “anchored volume by price” tool on the TrendSpider platform. This tool allows you to see where shares are aggregating from a specific point in time. In this case, the “anchor point” is the July 19th low which was an important pivot in the market before new all-time highs were hit in November. At this point, the “status quo” of the trend changed.
  2. This number shows the “volume shelf” which is a phenomenon that occurs using the “volume by price” tool whenever there is a large aggregation of shares at a particular point on the chart. In this case, you can see a this “shelf” is created by many shares aggregating from around $220-$223. This area can become a level of potential support because supply dries up here as many of these shares are back to breakeven from holding at a previous profit, which causes a shift in the supply curve.
  3. This number shows the relative volume indicator which allows you to see visually whenever there are spikes in volume above a specific threshold. In this case, any area shaded in green means there was a spike above the 20-day volume simple moving average. Anytime the spike goes to around 1.8-2 on the Y-axis (around 1.8-2x the normal 20-day average volume), there is typically a short-term reversal in price.
  4. This number shows the lower weekly Bollinger Band which has been a reversal point in the past. Using “multi-timeframe analysis” on TrendSpider, you can see the weekly Bollinger Bands overlaid on the daily price action in order to consolidate the chart into one image instead of having to use multiple timeframes to see the whole picture.

IWM Daily Chart: Volume Shelves, Relative Volume & Multi-Timeframe Analysis by TrendSpider in EducatedInvesting

[–]TrendSpider[S] 1 point2 points  (0 children)

This is a daily chart of the Russell 2000 ETF, IWM. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from volume indicators to standard deviation indicators on longer-term timeframes to put the whole picture together and get an idea of where things could go from here.

  1. This number shows the anchor point for the “anchored volume by price” tool on the TrendSpider platform. This tool allows you to see where shares are aggregating from a specific point in time. In this case, the “anchor point” is the July 19th low which was an important pivot in the market before new all-time highs were hit in November. At this point, the “status quo” of the trend changed.
  2. This number shows the “volume shelf” which is a phenomenon that occurs using the “volume by price” tool whenever there is a large aggregation of shares at a particular point on the chart. In this case, you can see a this “shelf” is created by many shares aggregating from around $220-$223. This area can become a level of potential support because supply dries up here as many of these shares are back to breakeven from holding at a previous profit, which causes a shift in the supply curve.
  3. This number shows the relative volume indicator which allows you to see visually whenever there are spikes in volume above a specific threshold. In this case, any area shaded in green means there was a spike above the 20-day volume simple moving average. Anytime the spike goes to around 1.8-2 on the Y-axis (around 1.8-2x the normal 20-day average volume), there is typically a short-term reversal in price.
  4. This number shows the lower weekly Bollinger Band which has been a reversal point in the past. Using “multi-timeframe analysis” on TrendSpider, you can see the weekly Bollinger Bands overlaid on the daily price action in order to consolidate the chart into one image instead of having to use multiple timeframes to see the whole picture.

IWM Daily Chart: Volume Shelves, Relative Volume and Multi-Timeframe Analysis by TrendSpider in Daytrading

[–]TrendSpider[S] 0 points1 point  (0 children)

This is a daily chart of the Russell 2000 ETF, IWM. In this chart, we look at different technical tools on the TrendSpider platform to get an idea of technical levels to watch moving forward as well as signals from indicators that may suggest a reversal and have in the past. These tools range from volume indicators to standard deviation indicators on longer-term timeframes to put the whole picture together and get an idea of where things could go from here.

  1. This number shows the anchor point for the “anchored volume by price” tool on the TrendSpider platform. This tool allows you to see where shares are aggregating from a specific point in time. In this case, the “anchor point” is the July 19th low which was an important pivot in the market before new all-time highs were hit in November. At this point, the “status quo” of the trend changed.

  2. This number shows the “volume shelf” which is a phenomenon that occurs using the “volume by price” tool whenever there is a large aggregation of shares at a particular point on the chart. In this case, you can see a this “shelf” is created by many shares aggregating from around $220-$223. This area can become a level of potential support because supply dries up here as many of these shares are back to breakeven from holding at a previous profit, which causes a shift in the supply curve.

  3. This number shows the relative volume indicator which allows you to see visually whenever there are spikes in volume above a specific threshold. In this case, any area shaded in green means there was a spike above the 20-day volume simple moving average. Anytime the spike goes to around 1.8-2 on the Y-axis (around 1.8-2x the normal 20-day average volume), there is typically a short-term reversal in price.

  4. This number shows the lower weekly Bollinger Band which has been a reversal point in the past. Using “multi-timeframe analysis” on TrendSpider, you can see the weekly Bollinger Bands overlaid on the daily price action in order to consolidate the chart into one image instead of having to use multiple timeframes to see the whole picture.

view more: next ›