Indicators Used in the Setup
Order Block Detector [LuxAlgo]
Settings: (5, 3, 3), 1 Wick
Function: Highlights institutional order blocks to identify high-probability supply/demand zones.
Chart Insight: Multiple bearish order blocks marked in red between $186–$194, confirming strong overhead resistance. Price is reacting at the lower boundary (~$183.75), showing signs of rejection.
RSI Divergence Indicator (14)
Settings: 14-period RSI
Function: Detects bullish and bearish divergences between price and RSI.
Chart Insight: Bullish Divergence identified — price made a lower low while RSI made a higher low, signaling a potential trend reversal or bullish bounce.
QQE MOD
Settings: (6, 5, 3), Smoothing: 6.5, RSI Length: 14
Function: A momentum oscillator derived from RSI with smoothing and histogram representation.
Chart Insight:
Histogram flipped from red (bearish) to blue (bullish).
Bullish transition suggests increasing momentum in favor of bulls.
TSI – BB (EMA) + Dispersion
Function: Combines True Strength Index with Bollinger Band (EMA-based) and dispersion overlays.
Chart Insight:
TSI is rising toward midline with narrowing dispersion bands.
Indicates a potential volatility contraction before an expansion — likely upside if TSI crosses above signal.
Order Block Detector [LuxAlgo]
Settings: (5, 3, 3), 1 Wick
Function: Highlights institutional order blocks to identify high-probability supply/demand zones.
Chart Insight: Multiple bearish order blocks marked in red between $186–$194, confirming strong overhead resistance. Price is reacting at the lower boundary (~$183.75), showing signs of rejection.
RSI Divergence Indicator (14)
Settings: 14-period RSI
Function: Detects bullish and bearish divergences between price and RSI.
Chart Insight: Bullish Divergence identified — price made a lower low while RSI made a higher low, signaling a potential trend reversal or bullish bounce.
QQE MOD
Settings: (6, 5, 3), Smoothing: 6.5, RSI Length: 14
Function: A momentum oscillator derived from RSI with smoothing and histogram representation.
Chart Insight:
Histogram flipped from red (bearish) to blue (bullish).
Bullish transition suggests increasing momentum in favor of bulls.
TSI – BB (EMA) + Dispersion
Function: Combines True Strength Index with Bollinger Band (EMA-based) and dispersion overlays.
Chart Insight:
TSI is rising toward midline with narrowing dispersion bands.
Indicates a potential volatility contraction before an expansion — likely upside if TSI crosses above signal.
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.