I have found the Holy Grail indicator for the Dow Jones - 100% right so far
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
I'm not sure how to set up a demo account on Tradingview. I personally use Trading212 for a demo account and you can trade the US 30 on it. Download Trading212 from the Google play store.
AriaS
Active member
- Messages
- 146
- Likes
- 72
Wow, "Due to unprecedented demand" they can't open new accounts right now. They've put me on the waiting list.
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
Is that Trading212?
AriaS
Active member
- Messages
- 146
- Likes
- 72
Yes, in the Android app
Lord Flasheart
Legendary member
- Messages
- 9,826
- Likes
- 985
That's a new one to me. Interesting
TEAMTRADER
Active member
- Messages
- 192
- Likes
- 85
Try CMC (for spreadbet) or Intertrader MT4 demo.
TEAMTRADER
AriaS
Active member
- Messages
- 146
- Likes
- 72
But I wanted it to be tradingview to try the same indicators that Batsonar uses. Or do they exist for MT5/4?
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
This is my EzAlgo buy the sell indicator which is a paid indicator on Tradingview. This is a 1 hour time frame of the Dow Jones (US 30). As you can see on the chart there is a support level (top solid blue line) round about 31,970. This means any downside move could be limited next week on the DOW. I think there is more room for an upside move on the DOW in the short to mid-term.
Last edited:
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
I just back tested my "BATSONAR" indicator again and strictly took every buy and sell signal it gave. These are the results. Trades were from the 11th March 2020. There were a total of 173 trades. There were 142 winning trades against 31 losing trades which means that this strategy has a win rate of 82.08% which is extremely high. The wins were taken on the next trading days close or sometimes the day after that. I am very confident in my trading system and it means I should be 82% accurate in predicting which way the DOW Jones (US 30) will move in the next day or so. I will be posting my signals here for all to benefit from.
Last edited:
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
This is a chart of the Dow Jones (US 30) on a daily time frame. As you can see the last candle has closed just below the "Pivot Point" resistance level (see blue line) at 32,434. Will the DOW get rejected from this level and fall back or will it close above the resistance level tomorrow and carry on upwards? Time will tell.
Last edited:
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
This is my EzAlgo buy and sell indicator which is a paid indicator on Tradingview. As you can see on the chart there is a blue "BUY" label that has been printed. This means that the DOW could be about to make a move to the upside in the short to mid-term. Please be aware that there is a resistance level (see solid red line) at 32,745 so any upside could be limited. This particular strategy has a win rate of 66% over a back tested period of 10 years.
Last edited:
batsonar
Experienced member
- Messages
- 1,437
- Likes
- 126
See DJI in the list below. As you can see the RSI (14) reading is 41.90. In the RSI indicator a reading of 70 and above is considered overbought and a reading of 30 and below is considered oversold. A reading of 41.90 is in the oversold territory. This means that the DOW Jones will probably make a move to the upside in the short to mid-term.
