![]() These areas are difficult to trade by themselves because their invalidation areas are very far away. ![]() head and shoulders OR quasimodo) or some other trigger. That can be candlestick reversal patterns, larger structural patterns (eg. ![]() Each individual trader will need to determine the appropriate triggers for themselves to enter a trade if price moves a certain way when we approach one of these levels. The indicators I am providing here are intended to help find areas of CONFLUENCE on larger timeframes. I've received many questions about strategies and how to use pivots, profiles or other indicators. Please keep this in mind if you are a shorter-term trader as you will likely want to hide the monthly POCs (or even better, manually draw them from a larger study and hide on this study).Īnother thing that I have to note. If you only have 5 days of data on your chart, it CANNOT obtain the previous month POC. It is important to note that this study will act EXACTLY as if you have the TOS built-in VolumeProfile study on your charts. If you turn on the 'showAll' options, it will also plot the POC only for previous sessions (again, monthly, weekly, daily). for monthly, weekly and daily timeframes). It will automatically plot the POC/VAH/VAL for the previous sessions (ie.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |