TRADINGVIEW FREE INDICATOR 2020

Learn To Choose Your Own Trades. Trust your system and trust yourself!

Tradingview Free Inidcator Plan by CEO CODES has two indicators that smartly cover the most basic trading concepts. One indicator can be chosen by traders to use for free! Made from Proprietary Pine Script language, the scripts published by CEO.CODES and are available in the invite only scripts library. Technical indicators, by and large, fit into five categories - trend, mean reversion, relative strength, volume, and momentum.Technical indicators are used to see past trends and anticipate future moves. In the context of technical analysis, an indicator is a mathematical calculation based on a security's price and/or volume. The result is used to predict future prices.

1.Cloud Strategy

The Ichimoku cloud is a technical analysis indicator, which includes multiple lines, that help define the support, resistance and momentum.

The Ichimoku Cloud is composed of five lines or calculations, two of which compose a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The Cloud is a key part of the indicator. When price is below the cloud the trend is down. When price is above the cloud the trend is up.
The above trend signals are strengthened if the Cloud is moving in the same direction as price. For example, during an uptrend the top of the Cloud is moving up, or during a downtrend the bottom of the cloud is moving down.

2.Heikin Ashi Fibonacci

Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.

Fibonacci retracements are popular tools that traders can use to draw support lines, identify resistance levels, place stop-loss orders, and set target prices.
A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci retracements suffer from the same drawbacks as other universal trading tools, so they are best used in conjunction with other indicators.