SUPPORT/RESISTANCE

logo-title – TRADING FUTURES INDICATOR ACTION

Section 1 – Support/Resistance Indicators.

  • Extreme Lines
  • Profile Indicators

What are TFiA Extreme Lines Indicators?

TFiA Extreme Lines are dynamic support and resistance levels.

image003

In the above screenshot, the lines adjust to predict turning points.

All the arrows in green were using a 10-tick stop. If a trader had a first target trade of 5-ticks, the stop wouldn’t have been hit.


What are Gomi Market Profile Indicators?

They are a histogram of volume traded at every price.

Imagine a histogram showing the height of children in a school class. It would show a bell-shaped distribution of the children’s height from a minimum of (say) 3 feet to maximum (say) 7 feet.

Traders with Profile software will know to buy at ‘3 feet’ and sell at ‘7 feet’. Our software shows the pending buyers in green and the sellers in red. The indicator shows the areas of distribution using a ‘heat map’. In the low distribution areas, which are blue, we look for reversals.

image001

Point Of Control.

In the above screenshot, The Point of Control is shown on the Profile as red lines.

The Point of Control is the bar with the highest volume of contracts traded. If traders are below the bar they look for shorts and if above, they look for longs.

The value area is shown in blue lines and is where the highest volume of trades has occurred and are like support/resistance areas on the first touch.

The green line is the VWAP – volume weighted average price. The line at 37.54 acts as both support and resistance.

image002

 

 

The above screenshot shows a histogram of order volume. In mathematics it is known as the probability distribution function. It shows high volume nodes – the high peaks of distribution. The suction tubes (the long blue area), is where the market will move through quickly, looking for “support or resistance”. TFiA will teach members how to trade these areas.

Section 1 – Support/Resistance Indicators.

  • Extreme Lines
  • Profile Indicators

What are TFiA Extreme Lines Indicators?

TFiA Extreme Lines are dynamic support and resistance levels.

image003

In the above screenshot, the lines adjust to predict turning points.

All the arrows in green were using a 10-tick stop. If a trader had a first target trade of 5-ticks, the stop wouldn’t have been hit.


What are Gomi Market Profile Indicators?

They are a histogram of volume traded at every price.

Imagine a histogram showing the height of children in a school class. It would show a bell-shaped distribution of the children’s height from a minimum of (say) 3 feet to maximum (say) 7 feet.

Traders with Profile software will know to buy at ‘3 feet’ and sell at ‘7 feet’. Our software shows the pending buyers in green and the sellers in red. The indicator shows the areas of distribution using a ‘heat map’. In the low distribution areas, which are blue, we look for reversals.

image001

Point Of Control.

In the above screenshot, The Point of Control is shown on the Profile as red lines.

The Point of Control is the bar with the highest volume of contracts traded. If traders are below the bar they look for shorts and if above, they look for longs.

The value area is shown in blue lines and is where the highest volume of trades has occurred and are like support/resistance areas on the first touch.

The green line is the VWAP – volume weighted average price. The line at 37.54 acts as both support and resistance.

image002

 

 

The above screenshot shows a histogram of order volume. In mathematics it is known as the probability distribution function. It shows high volume nodes – the high peaks of distribution. The suction tubes (the long blue area), is where the market will move through quickly, looking for “support or resistance”. TFiA will teach members how to trade these areas.