Here’s a Step guide -screen to analyze the amount of trade for market trends:
Step 1: Choose time space
Choose a time shot you want to analyze. Popular options are:
- Daily (1 day, 5 days or 30 days of scales)
- Weeks (1 weeks, 2 weeks or 4 weeks of scales)
- Month (3 months, 6 months or 12 months chart)
Step 2: Set up the market trends
Understand the market trend. Normal trends include:
- Bulls (acceleration)
- Teddy bear (moment down)
- Bound distance
- Average reversible
Step 3: Analyze the quantity of trading
Get information about the trading volume from a reliable source, for example ::
- Exchange API
- EOD (end) data channels
- Data data providers such as Alpha Vantage or Yahoo Finance
Choose the time space and trend of the market you choose in step 1.
Step 4: Calculate the moving average
Calculate the moving average to place the impulses. Popular options are:
- Simple average of diapositives (SME)
- Average in Slugging (EMA)
- Relative power index (RSI)
Use 3 data and calculate movable average using the following formulas:
- SMA = (Close
- EMA = (Close
- RSI = 100 – (100 / (1 + RS))
Step 5: Analyze indicators associated with volume
Determine indicators associated with scope to determine market trends. Popular options are:
- Equilibrium volume (OBV): calculates the difference between the volume of buying and sales
- Acting/distribution line (adli): shows when supplies are overcrowded or resale
- Volume index of balance (OR): a weighted amount of obl lines in the period
Step 6: Visual Trends of Volume
Use visualization tools for trend analysis. Popular options are:
- Such a traditionview, MOGETORSWIM or Ninjatrader chart
- Time rows with volume data
Visualize moving average, volume -related indicators and other graph trends.
Step 7: Make reasonable trading solutions
Use your analysis to make reasonable trade decisions. Consider factors such as:
- Trends associated with volume (eg increase OBL or adli levels)
- Slide middle transition
- RSI levels
Combine these factors with other technical and basic analysis tools to inform you about your trade solutions.
By performing these steps, you can analyze the amount of market trends and make reasonable trade decisions.