TRADINGVIEW PRO INDICATOR 2022

Technical analysis helps guide traders to what is most likely to happen given past information. The Tradingview Pro Indicators by CEO Codes analyses the historical and live data to make easy to use indicators. The indicators in our plans use commonly used indicators with the CEO Codes secret twist in the code to improve trading performance.

Tradingview Pro Inidcator Plan has thee indicators that intelligently cover the most popular intermediate trading concepts. Made from Proprietary Pine Script language, the scripts published by CEO.CODES and are available in the invite only scripts library.

1.Cloud Strategy Indicator

The Ichimoku cloud is a technical analysis indicator, which includes multiple lines, that help define the support, resistance and momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.

• 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 Indicator

Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. n the context of trading, the numbers used in Fibonacci retracements are not numbers in Fibonacci's sequence; instead, they are derived from mathematical relationships between numbers in the sequence. The basis of the "golden" Fibonacci ratio of 61.8% comes from dividing a number in the Fibonacci series by the number that follows it.

• 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.

3.Reversal Indicator

A reversal is when the price trend of an asset changes direction. It means that the price is likely to continue in the reversal direction. There is a Difference Between a Reversal and a Pullback. Pullbacks and reversals both involve a security moving off its highs, but pullbacks are temporary and reversals are longer term.

• Traders try to get out of positions that are aligned with the trend prior to a reversal, or they will get out once they see the reversal underway.

• Trends and reversals can be identified based on price action alone, or with the use of indicators.

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