Here is a screen share of my basic trading screen setup
The volume-weighted average price ( VWAP ) that gives the average price traded throughout the day, based on both volume and price.
VWAP is important because it provides traders with insight into both the trend and value. I use the triple daily, weekly and monthly VWAP .
Volume profile: The 80% Rule
If the market opens either above or below the value area (in the volume profile ) and tests the value area high/low within two consecutive 30 minute candles, then there is a 80% chance that it will fill up the complete value area.
As soon as the price opens above the value area and returns within the first hour, it indicates that either the Buyer or Seller is not confident of the direction and we can expect the price to continue to fill the full value area in a retrace.
For crypto this 80% rule applies to the opening of Asia markets.
Fibonacci:
Pulled from both higher and lower time-frames.
The volume-weighted average price ( VWAP ) that gives the average price traded throughout the day, based on both volume and price.
VWAP is important because it provides traders with insight into both the trend and value. I use the triple daily, weekly and monthly VWAP .
Volume profile: The 80% Rule
If the market opens either above or below the value area (in the volume profile ) and tests the value area high/low within two consecutive 30 minute candles, then there is a 80% chance that it will fill up the complete value area.
As soon as the price opens above the value area and returns within the first hour, it indicates that either the Buyer or Seller is not confident of the direction and we can expect the price to continue to fill the full value area in a retrace.
For crypto this 80% rule applies to the opening of Asia markets.
Fibonacci:
Pulled from both higher and lower time-frames.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.