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Trying to spot price spikes, which indicator would be best

  • #1
  • First Post: Edited Dec 29, 2020 7:17pm Jul 20, 2019 9:38am | Edited Dec 29, 2020 7:17pm
No more
  • #2
  • Jul 20, 2019 12:38pm Jul 20, 2019 12:38pm
Renko charts, wich are pure price can tell you easily and accurate the price extreme/peaks... or maybe some bands based on ATR, other than that dont expect an "indicator" to tell you where are those peaks are going to happen.

Read the price in itself, it will tell you all you need to know
  • #3
  • Jul 20, 2019 12:50pm Jul 20, 2019 12:50pm
Thanks for your comment. I am using tradingview screener and i don't think there is an option on the filters regarding renko charts. I will try the ATR it is an option on the filters.

Thank you for your feedback.
  • #4
  • Jul 20, 2019 5:02pm Jul 20, 2019 5:02pm
Quoting havo
Renko charts, wich are pure price can tell you easily and accurate the price extreme/peaks... or maybe some bands based on ATR, other than that dont expect an "indicator" to tell you where are those peaks are going to happen. Read the price in itself, it will tell you all you need to know
I have tried it but unfortunitally ATR is worser than RSI
  • #5
  • Jul 20, 2019 7:42pm Jul 20, 2019 7:42pm
Quoting haliss
Thanks for your comment. I am using tradingview screener and i don't think there is an option on the filters regarding renko charts. I will try the ATR it is an option on the filters. Thank you for your feedback.
sadly you need to have a PRO or premium account in order to access better renko charts.. no way around that fact
  • #6
  • Jul 21, 2019 7:46am Jul 21, 2019 7:46am
Maybe I was not clear enough,

I am using screener of TradingView, and I will be using the screener. In the forex screener there is no Renko chart option even if you have full suscription package.
I won't be using front page or news calender, these suggestions I guess are off the topic.

I am only in search for indicator or combination of indicators that would notify me (above scenerio in the attached document) when using the tradingview screener.

Also I am not using MT4 and I am not going to be in the future. That is off topic.

Excuse me for my attitude but your suggestions are really off the topic.

PS: Renko chart style is not an indicator
  • #7
  • Edited 3:48pm Jul 21, 2019 3:37pm | Edited 3:48pm
Quoting dkrock
{quote} You were very clear that you are a novice trader. Without knowing news releases, lol, your trading days are numbered. Either you understand how the market works, or you do whatever you are doing. Obviously your approach is lacking or you wouldn't be looking for things to fix it. I hope you do not waste too much time before you get a clue. The only thing off-topic is your trading approach, lol. While I did not mention anything about Renko, it is actually an indicator, lol, so again, you are out-of-touch. No offense. It is good you want to...
Thanks for your reply and comments. But they are still off topic.


My question is still open to whom may help.
I am trying to spot price spikes with one or combination of indicators. If anyone knows please comment.
Thanks
  • #8
  • Jul 21, 2019 4:19pm Jul 21, 2019 4:19pm
Quoting dkrock
{quote} Any indicator can show you a price spike, after-the-fact.
Please tell me those indicators..

I am not trading spikes nor news.

I am researching.
  • #9
  • Jul 21, 2019 6:10pm Jul 21, 2019 6:10pm
Quoting haliss
{quote}My question is still open to whom may help. I am trying to spot price spikes with one or combination of indicators. If anyone knows please comment. Thanks
Not gona happen becuase they dont exist.. plain and simple

and yea, the lack of experience its showing, you need to learn how to read the price in itself (if you are aware of high impact news is a big bonus), your reluctance to do it and STILL asking for an indicator that will show you exactly where those "spikes" or reversals could happen will mark the end of your "trading" journey..

but then again, keep searching, dont forget to test a lot with a live account =)
  • #10
  • Jul 21, 2019 7:38pm Jul 21, 2019 7:38pm
Thanks for your replies.

I asked a simple question.

I got many opinions, some of them insulting, most of them off topic. I learned about how many pips they make, how they trade which platform I should choose, when to trade, how to blow my account etc...

Well during my replies here I tried many indicators on the tradingview screener and I have found that the working one is "Rate of Change" indicator.

Hope someday this info helps someone.
  • #11
  • Last Post: Jul 29, 2019 11:09pm Jul 29, 2019 11:09pm
Quoting haliss
Hi folks, I am trying to spot price spikes as in following image. Which indicator would you recommend other than RSI and MACD, I am trying to set TradingView screener. I would appreciate your feedbacks. EDIT: You don't need to read the below posts I have found an indicator that does the job most of the time it is "Rate of Change". {image}
Hi; I guess the rete of change indicator is custom indicator; isn’t? Is it paid or free?
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