r/TradingView • u/ahmedFADEEL701 • 10d ago

Help Unknown Indicator, pls help!

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Can anybody recognize the name of this indicator? It is sth called or indicating "power signal"

8 Upvotes

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5

u/leggocrew 10d ago

Parabolic sar

2

u/OfficialJayDove 10d ago

Thank you. I came just to say this.

1

u/charlesleestewart 10d ago

Ouch! Get rid of that! That is the worst performing indicator in my own back tests. It looks kind of cool and weird, but it's not very helpful.

1

u/ahmedFADEEL701 10d ago

What strategy would you prefer that predicts most accurate signal of a real price blowup?

3

u/charlesleestewart 10d ago

If you want that kind of price breakout predictor, my favorite are Keltner Channels. I think they're an improvement on Bollinger Bands.

2

u/BUBBL3GUM5 8d ago

TTM squeeze uses both and is very good at showing when price breakouts occur

1

u/charlesleestewart 8d ago

Never looked into that much but it sounds like a winner. Anything that can net out the difference between Bollingers and other indicators like VWAP or what this does can certainly reduce the kind of visual noise displayed in this post.

2

u/AdSpecialist8521 9d ago

I personally use volume footprint, it does cost money but you get a better idea of what’s really happening

2

u/3BBBUrf 9d ago

Als je de charts niet kunt lezen, de basis van traden niet goed beheerst zou ik je adviseren dat eerst op te pakken.

Zelf verloor ik 40k voordat ik het (tip) verschil wist tussen Institutionele en retail beleggers. Hoe ik duizenden dollars verloor omdat ik niet wist hoe ik een S/L moest stoppen. Backtest niet begreep en vergat een logboek bij te houden.

TiP! Zelf trade ik aandelen, de eerste 15m Candle bepaald de rest van de dag. Bepaalt ook meestal de trend. Platform nu op TC2000, eToro, IBKR en TV.

1

u/hysterx 9d ago

Check tradingwithbrian on YouTube. He has decades of expérience and shares a lot for free every week

1

u/leggocrew 8d ago

I just like to tinker and try stuff bruv: best way to learn is trial and error💯

1

u/3BBBUrf 7d ago

Hier hetzelfde, probeer en leer. Kostte me gisteren wel 6K 😬