//@version=5 indicator(title="RSI MTF Sequential Signal Arrows (Custom TF)-Sandesh Koli", shorttitle="RSI MTF Seq Arrow (Custom TF)-Sandesh Koli", overlay=false) // === Inputs === rsiLength = input.int(14, title="RSI Length") rsiSource = input.source(close, title="RSI Source") // --- Custom Timeframe Inputs --- lowerTimeframe = input.timeframe("5", title="Lower Timeframe (LTF)") higherTimeframe = input.timeframe("60", title="Higher Timeframe (HTF)") // --- Level Inputs --- rsiLevel_HTF = input.float(40.0, title="HTF RSI Level (e.g., 40)") rsiLevel_LTF = input.float(60.0, title="LTF RSI Level (e.g., 60)") // === Calculations === rsi_LTF = request.security(syminfo.tickerid, lowerTimeframe, ta.rsi(rsiSource, rsiLength), barmerge.gaps_off, barmerge.lookahead_off) rsi_HTF = request.security(syminfo.tickerid, higherTimeframe, ta.rsi(rsiSource, rsiLength), barmerge.gaps_off, barmerge.lookahead_off) // === State Management === var bool htfConditionMet = false if (ta.crossover(rsi_HTF, rsiLevel_HTF)) htfConditionMet := true else if (ta.crossunder(rsi_HTF, rsiLevel_HTF)) htfConditionMet := false // === Signal Condition === condition1_HTF_Active = htfConditionMet condition2_LTF_Cross = ta.crossover(rsi_LTF, rsiLevel_LTF) longSignalCondition = condition1_HTF_Active and condition2_LTF_Cross // === Plotting === // --- Use Static Titles for Plots and Hlines --- plot(rsi_LTF, "RSI LTF", color=color.new(color.blue, 0), linewidth=1) hline(rsiLevel_LTF, "LTF Level", color=color.new(color.blue, 50), linestyle=hline.style_dashed) plot(rsi_HTF, "RSI HTF", color=color.new(color.orange, 0), linewidth=2) hline(rsiLevel_HTF, "HTF Level", color=color.new(color.orange, 50), linestyle=hline.style_dashed) // Standard RSI levels hline(70, "RSI Overbought (70)", color=color.new(color.red, 70), linestyle=hline.style_dotted) hline(30, "RSI Oversold (30)", color=color.new(color.green, 70), linestyle=hline.style_dotted) hline(50, "RSI Midline (50)", color=color.new(color.gray, 70), linestyle=hline.style_solid) // === Signal Visualization === bgcolor(longSignalCondition ? color.new(color.green, 85) : na, title="Long Signal Background") plotshape(longSignalCondition, title="Long Signal Arrow", location=location.bottom, color=color.new(color.green, 0), style=shape.arrowup, size=size.small) // === Alerts === // Alert message CAN use dynamic values from inputs alertcondition(longSignalCondition, title="RSI MTF Seq Long Alert", message="{{ticker}}: HTF ({{input.timeframe_1}}) RSI > {{int(input.float_1)}} active, LTF ({{input.timeframe_0}}) RSI crossed {{int(input.float_2)}}")
As explained yesterday, I foresee a bearish trend and the support1 zone at 23358 and Support 2 is at 23313. A breakout below 23313 will bring the Nifty Futures down to 23237. Our Market Timing indicator is in line to our analysis. This is just my view for the day. Traders must use their own technical study before entering into trades. Stop-Loss is a must for every trade.
BANKNIFTY 53000 PE APR EXP BANKNIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The BankNifty index is currently hovering near the resistance zone of 53,200 - 53,300, offering a potential sell-on-rise opportunity. We recommend considering the 53,000 Put Option (expiring on April 24th) at ₹425. Target levels: ₹530 and ₹670. Stop Loss (SL): ₹320 Regards, OptionsDaddy Research Team
? Market Outlook: Expecting a rejection from the current buy zone due to strong support in that area. ⸻⸻⸻⸻⸻⸻⸻ ? Trade Details • ? Position: Short • ? Entry: 0.5391 • ? Targets: • TP1: 0.5162 • TP2: 0.4747 • TP3: 0.4246 • ? Stop Loss: 0.5592 ⸻⸻⸻⸻⸻⸻⸻ ? Risk management is key – adjust position size accordingly. ? Feel free to share your thoughts or ask questions. ⸻⸻⸻⸻⸻⸻⸻ ? Enhance. Trade. Grow. ? Like & follow CIDA Signals for more premium trade ideas and market insights.
Will we see a rebound with a bullflag to push price up into the rest of this bull market? This has occurred before on an earlier bull market Lets see how it plays out Weekly chart
? **Gold (XAUUSD) M30 Trading Idea – April 17, 2025** **Market Bias:** Bearish (Short-term) **Entry Zone:** ? Between **3,358 – 3,367** Look for price to retrace and form a rejection or bearish candlestick pattern in this zone before entering a **sell** position. **Trade Setup:** - Wait for a price retracement toward the resistance/entry zone. - Confirmation: Bearish rejection (e.g., pin bar, engulfing candle). **Sell Entry:** ⏫ Around **3,358 – 3,367** **Target Point:** ? **3,300 – 3,295** This is a strong support area, where you can consider taking profit. **Stop Loss:** ? Above **3,370** To protect against a false breakout or trend reversal. **Risk-Reward Ratio:** Approximately **1:2+** depending on entry precision. ---
Stimulated by the tariff news, the price of gold started to soar again, rising 113 points in a single day and closing at $3,342 per ounce. After a brief correction, the price of gold rose again. In the early morning, Powell's speech remained hawkish and did not cut interest rates. In theory, both are bad for gold prices, but the increasingly tense trade situation has led to a large amount of funds pouring into the gold market, and gold prices continue to hit new highs. The market will be closed all day on Friday, which means that the weekly line will close today, so the main idea today is to look at the correction after yesterday's rise. From the hourly level, the early high of 3357 can be used as a natural stop loss position to look down. The main focus below is the support of 3317, the position where the rise was suspended yesterday, and the second is the resistance conversion support of the previous high of 3245.
Hello friends, let's analyze the DLF chart on a daily time frame. Currently, we're observing a corrective phase, where the stock has completed a flat correction pattern (A-B-C) with a 3-3-5 structure. Following this correction, we've seen a significant drop, accompanied by a strong double divergence in the RSI indicator. Where Fibonacci Retracement of last long Rally on Weekly is near 50% - 55% which is less than 61.8% should consider as a Healthy Retracement https://www.tradingview.com/x/BwaTT7t0/ https://www.tradingview.com/x/J9wwttnc/ As the price is currently moving upwards, completing wave counts, a breakout above the downward trend line would increase our conviction in the analysis. This analysis is for educational purposes only and not a tip or advisory. If the price breaks out and stays above the trend line while maintaining the low of 601, we can expect further upside momentum. However, 601 would remain a crucial invalidation level, and a breakdown below it would require us to reassess our wave counts. Key points: 1. DLF chart analysis on daily time frame 2. Flat correction pattern (A-B-C) with 3-3-5 structure 3. Healthy Retracement 4. Strong double divergence in RSI indicator 5. Breakout above trend line increases conviction (Which is pending yet) 6. 601 as invalidation level Please note that this is a Educational technical analysis post and not a recommendation to buy or sell. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK? Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
? H4 is currently in Wave 3 – the strongest move in the Elliott Wave cycle! ? Price is expected to continue rising in the coming sessions. ? Wait for a buy setup on a lower timeframe for the best entry! #Forex #ElliottWave #TechnicalAnalysis #TradingStrategy
??? GBP/USD news: ➡️ Despite a weaker U.S. dollar, GBP/USD continues to trade within a narrow range of 1.3220–1.3230, giving up most of its intraday gains after reaching a multi-month high near 1.3300. The British pound's advance was capped by softer-than-expected UK inflation data released on Wednesday, which dampened bullish momentum. ➡️ Meanwhile, the U.S. dollar struggles to attract demand as recent headlines surrounding U.S.-China trade relations reignited fears of escalating tensions. According to a Wall Street Journal report late Tuesday, the Trump administration is planning to use ongoing tariff negotiations as leverage to pressure U.S. trade partners to reduce their dealings with China. Personal opinion: ➡️ The uptrend of this currency pair has slowed down, and DXY is showing signs of recovery today, so GBP/USD will have a short-term decline. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy Plan: ?Price Zone Setup: ?Sell GBP/USD 1.3220 – 1.3230 ❌SL: 1.1435 | ✅TP: 1.3180 – 1.3130 FM wishes you a successful trading day ???