[DisDev] Tactical Analysis Part II: Levels

2023년 5월 31일

🟩 Tactical Analysis Part II: Levels of the Battlefield represents the evolution of our comprehensive suite, expanding on the success of Tactical Analysis Part I: High-Volume Recovery. This advanced tool seamlessly integrates components from PVSRA, the Market Maker Method by Steve Mauro, and Tino from Traders Reality's Hybrid System, equipping traders with a significant advantage. With Tactical Analysis Part II, you gain access to a diverse range of essential features, including the DisDev Level Reducer™, designed to streamline your chart while ensuring you never overlook a critical level. Prepare to enhance your trading prowess with the power of Tactical Analysis Part II: Levels of the Battlefield.


⚡ OVERVIEW ⚡

Key Features 🔑

• Daily Open: Marks the daily opening price at 00:00 UTC.
  
• Weekly Open: Highlights the opening price at the start of each trading week.
  
• Initial Balance (IB): Represents the high and low of the first hour of each day.
  
• Pivot Points: Calculates the two closest pivot levels to the current price.
  
• Volume Weighted Average Price (VWAPs): Marks key areas where the majority of transactions occur.
  
• Average Daily Range (ADR) & Average Weekly Range (AWR): Indicates potential price movement boundaries.
  
• Psychological Levels: A weekly range established each Saturday evening.

Benefits 💸

• Comprehensive Analysis: Consolidates multiple important trading metrics into one indicator.
  
• Time Efficiency: Saves time that would be spent manually tracking each of these metrics.
  
• Enhanced Decision Making: Helps traders make more informed decisions by providing important levels.

⚙️ CONFIGURATION & SETTINGS ⚙️

Inputs 🔧

• Level Reducer: Allows the user to declutter the chart while still tracking all selected levels.
  
• Level and Label Settings: Provides control over the visibility and length of level lines and labels.

Customizable Settings: Enable or disable any level

Alerts 🔔

• Tactical Coordinates Table: Updates levels dynamically in the table according to the actual price.
  
• Real-time Alerts: The Indicator provides alerts when price approaches or crosses any of the defined levels.

Tactical Coordinates Table


Alerts


💡 USAGE & STRATEGY 💡

Trading Strategies 📈

• Level Confirmation: Use the Indicator's defined levels as confirmations for your own trading strategies.
  
• Reversal Spots: Levels like the daily and weekly opens or the VWAPs can be potential reversal points.
  
• Breakout Trades: Initial Balance (IB) levels could provide breakout trade opportunities.

Timeframes and Symbols ⌚

• Multi-Timeframe: Indicator is compatible with multiple timeframes.
  
• Versatile: Can be used on any crypto trading pair on TradingView.

🤖 DETAILS & METHODOLOGY 🤖

Algorithm and Calculation 🛡️

• Dynamic Calculation: Levels are calculated based on price and time data, providing real-time insights.
  
• Pivot Points: Calculated based on a specific formula involving past and subsequent bars or candles.
  
• VWAPs: Calculated based on the average price weighted by volume.

📚 ADDITIONAL RESOURCES 📚

Tutorials and Guides 📖

Visit our website to download comprehensive PDF documents that provide in-depth explanations on various key topics. These include:

• Understanding various trading levels such as Daily Open, Weekly Open, Initial Balance (IB), Pivot Points, VWAPs, ADR & AWR, and Psychological Levels.
  
• How data in different time frames is calculated and how this affects the marking of High and Low levels on different time frames.
  
• How our script addresses the data limitations in TradingView, ensuring all levels are shown at the lowest time frame allowable.
  
• Adjusting level and label settings in the indicator.
  
• Using the Level Reducer function to help declutter your chart while still tracking all selected levels.
  

Chart Examples 📊

Daily Levels


Weekly and Monthly Levels


Tactical Coordinates Table


🚀 CONCLUSION 🚀

The Indicator, with its Levels feature, provides a unique perspective to day and swing traders. Its ability to dynamically calculate and visualize critical trading levels and ranges aims to empower traders with timely insights and efficient analysis. Whether you're an experienced trader or just starting out, integrating these level markers into your trading strategy can significantly improve your market understanding and decision-making process.


The complete Tactical Analysis Indicator Suite


⚠️ DISCLAIMER ⚠️

This indicator is provided as a tool for traders and is not intended to be the sole basis for any trading decision. Always conduct your own research and due diligence, and consider your risk tolerance before entering any trades. Trading involves risk and is not suitable for everyone.