What is the 123 indicator on TradingView? (2024)

What is the 123 indicator on TradingView?

Our 1-2-3 Pattern (Expo) indicator helps traders quickly identify the 1-2-3 Reversal Pattern automatically. By analyzing the price action

data, the indicator shows the pattern in real-time. When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature!

What is the 123 strategy indicator?

The 1-2-3 pattern is used to identify and find trend reversals. The pattern shows that a significant trend is coming to an end, and a new one has formed.

What is the most powerful indicator in TradingView?

What is the 123 pattern in stocks?

The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points. 123 pattern works in both directions. In the first case, a bullish trend turns into a bearish one.

What is the golden ratio indicator in TradingView?

This indicator plots the Fibonacci golden zone from the last highs / lows instead of the pivots so that the resulting zone is shaped like a "wave". We believe this will help you to see the latest trend of the Fibonacci retracement levels easier.

What is the single best trading indicator?

1. Moving Average. Also known as the simple moving average (SMA), moving averages are a popular indicator that calculates the average price over a specific time period. It helps traders identify trends and potential support and resistance levels.

What are the top 5 indicators on TradingView?

What is the most accurate trading strategy in TradingView?

The best accurate strategy for high profitable trading and having a perfect strategy for any timeframe and any market, whether it is the crypto market, forex or the stock market, is the combination of two indicators, Bullish Way's premium indicator "ARMAGEDDON" and Ichimoku.

Which indicator is most profitable?

What is the trading 3 to 1 rule?

To increase your chances of profitability, you want to trade when you have the potential to make 3 times more than you are risking. If you give yourself a 3:1 reward-to-risk ratio, you have a significantly greater chance of ending up profitable in the long run.

What is a 1 2 3 trend change?

1-2-3 Trend Change: Uptrend Example

The trendline connecting the two does not cross prices until after the highest high, point B. Point 1 is the trendline break. Point 2 is the retest, and 3 is a close below the lowest low between points 1 and 2. Point 3 is where price changes trend.

What are the 4 indicators of Tradingview?

This indicator is similar to the Weis Wave Volume indicator in that it shows cumulative volume for each up and down price wave. However it is calculated differently, using the Jurik moving average to determine turning points.

What is the most accurate indicator for gold trading?

What chart do most traders use?

Bar Data charts are commonly used in trading and technical analysis. They aggregate data over specific periods, which may not necessarily be based on time. In this category, we include candlestick and Heikin-Ashi charts due to their shared characteristics related to bar data representation.

What is the holy grail strategy indicator?

The Holy Grail is a trading setup that makes use of the ADX indicator to identify strong trends before trading a pullback to the moving average. The Holy Grail is, of course, not the Holy Grail. Linda Bradford Raschke and Larry Connors named it so for its simplicity.

Which indicator give buy and sell signals?

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

What is the most accurate indicator for day trading?

Which indicator is better than MACD?

The Schaff Trend Cycle (STC) is a technical analysis indicator used in trading and investing to identify trends and generate trading signals. The STC indicator helps to identify trends in a smoother and more responsive manner compared to traditional MAs and even under certain parameters, the MACD.

What is the oldest indicator in trading?

Moving averages is one of the oldest and most useful technical indicators in technical analysis.

What is the most used strategy in TradingView?

RSI + MACD Divergence

The RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are two common indicators featured in many day trading guides, known for their ability to help traders identify price changes in fast-moving markets.

What is the most profitable trading strategy?

Three highlighted profitable forex trading strategies are: Scalping strategy “Bali”, Candlestick strategy “Fight the tiger”, and “Profit Parabolic” trading strategy. How to choose: Choose a forex trading strategy based on backtesting, real account performance, and market conditions.

Which indicator in TradingView is best for long term?

Indicator Overview The 2-Year MA Multiplier is intended to be used as a long term investment tool.

What is 1234 pattern in trading?

A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules.

What is the triple RSI strategy?

The Triple RSI Strategy is a trading strategy that involves using three Relative Strength Index (RSI) indicators to analyze price movements and generate trading signals. It aims to identify overbought and oversold conditions in the market and make informed trading decisions based on the RSI signals.