A simple way to identify the LEVEL BREAKOUT of the Maximum Levels indicator
Two candles are sufficient for identifying a volume level breakout:
The hourly time-frame is selected in the chart:
✔️ The first candle should close after the level.
✔️ The second candle should confirm that there was a breakout.
✔️ The price should move in the breakout direction.
✔️ A candle should also close below the volume level in down movement.
✔️ The form of the breaking and confirming candles should be a trend one in the breakout direction. In other words, candlestick bodies should be bigger than candlestick shadows.
If you see all these signs, remember that the probability of movement in the breakout direction in the nearest future is very high.
#MaximumLevels #Indicator #Levelbreakout
Two candles are sufficient for identifying a volume level breakout:
The hourly time-frame is selected in the chart:
✔️ The first candle should close after the level.
✔️ The second candle should confirm that there was a breakout.
✔️ The price should move in the breakout direction.
✔️ A candle should also close below the volume level in down movement.
✔️ The form of the breaking and confirming candles should be a trend one in the breakout direction. In other words, candlestick bodies should be bigger than candlestick shadows.
If you see all these signs, remember that the probability of movement in the breakout direction in the nearest future is very high.
#MaximumLevels #Indicator #Levelbreakout
WHAT COMPANIES COULD BE LISTED IN THE S&P 500 INDEX AND HOW OFTEN THE LIST IS UPDATED
A special index committee manages the S&P 500 index and carries out the index rebalancing every quarter. The stocks are selected by their liquidity, size and industry. However, it is important to remember that the committee can make an off-schedule decision about adding a company to the list.
👉 Such a ‘manual’ selection of companies makes S&P 500 different from Russel, the stocks of which are selected by a formula.
In order for a company to be listed in the S&P 500 index, it should meet the following criteria:
✔️ it should be an American company;
✔️ the company capitalization should be more than USD 8.2 billion;
✔️ more than 50% of all stocks for the amount of more than USD 4.2 billion should be in free market circulation;
✔️ the total profit for the past 4 quarters should be positive and the individual profit in each recent quarter should be positive;
✔️ the stocks should correspond to the liquidity criteria - minimum 250,000 stocks have been traded every month for the past 6 months and their annual dollar value traded should be more than USD 1.
#Index #Indicator #Fundamentalanalysis
A special index committee manages the S&P 500 index and carries out the index rebalancing every quarter. The stocks are selected by their liquidity, size and industry. However, it is important to remember that the committee can make an off-schedule decision about adding a company to the list.
👉 Such a ‘manual’ selection of companies makes S&P 500 different from Russel, the stocks of which are selected by a formula.
In order for a company to be listed in the S&P 500 index, it should meet the following criteria:
✔️ it should be an American company;
✔️ the company capitalization should be more than USD 8.2 billion;
✔️ more than 50% of all stocks for the amount of more than USD 4.2 billion should be in free market circulation;
✔️ the total profit for the past 4 quarters should be positive and the individual profit in each recent quarter should be positive;
✔️ the stocks should correspond to the liquidity criteria - minimum 250,000 stocks have been traded every month for the past 6 months and their annual dollar value traded should be more than USD 1.
#Index #Indicator #Fundamentalanalysis
We would like to present you with the opportunity to access the custom FootprintPatterns indicator. Questions have been coming in through the chat asking about the arrows on the charts in our previous publication, and now you can add them to your chart😅
But of course, these aren't just arrows; it's a versatile and powerful tool that potentially indicates key buyer and seller candles in the market using cluster patterns. Additionally, it can filter such patterns using various volume and volatility-based levels 🧩
Most importantly, the indicator features a built-in backtesting module that shows hypothetical results for a specified period, allowing you to fine-tune optimal parameters for each instrument. Detailed description and access can be found in the project documentation🤖
The information in the post cannot be taken as a call to invest or buy/sell assets on the exchange.
#algotrading #bot #indicator
But of course, these aren't just arrows; it's a versatile and powerful tool that potentially indicates key buyer and seller candles in the market using cluster patterns. Additionally, it can filter such patterns using various volume and volatility-based levels 🧩
Most importantly, the indicator features a built-in backtesting module that shows hypothetical results for a specified period, allowing you to fine-tune optimal parameters for each instrument. Detailed description and access can be found in the project documentation🤖
The information in the post cannot be taken as a call to invest or buy/sell assets on the exchange.
#algotrading #bot #indicator
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