Raishiz Crypto 15M-4H Indicator

All the information here in this section will be related to Raishiz Crypto 15M-4H Indicator.

Introduction

Generally this indicator is designed to be used for 15Min chart time or above. There is no restriction of using these indicators on normal candle sticks or Heikin Ashi candles. The buy signal represents a bullish movement whereas the sell signal indicates the market moving bearish.

Raishiz Crypto 15M-4H Indicator (on 15Min Timeframe)

Trend Line (Blue)

The trend line on the chart will be always showing the average price of the asset, so whenever the price (candles) is near to the trend line then its shows sideways movement of the market and the direction is not set for any particular trend, However the farthest the price of asset goes to the trend line the stronger that trend is to be.

Its a good practice to not to trade when the price is moving around this line as its considered more as sideways movement, and trend is unsure or yet to be decided.

EMA Line (White)

The EMA line can be use to continue trading in a trend, and if you are already trading a trend whether its bearish or bullish, we recommend you to keep your TP according to the EMA line.

You can always consider taking profit, whenever the candle is formed above that EMA line in a bullish trend and vice versa for bearish trend, because chances are that the trend has been broken and a sideways movement or opposite movement is about to begin.

Settings of Raishiz Crypto 15M-4H

Settings for Raishiz Crypto 15M-4H Indicator

Filter On/Off

Turning On the filter mode will allow the user to get rid of more quick scalping signals. It filters most of the small trades available in the trend and eliminate the factor of scalping. However by turning on this filter mode will allow the user to also perform better trades in sideways movement. Below you can see the difference between the filter mode turned ON VS turned OFF.

Comparison of Filter Mode

User can now also use this indicator on 5Min/10Min chart time frame, by keeping filter mode on which helps the user to get into a trend earlier.

Its recommended to keep stop loss at the recent support level if you are using lower timeframes.

Dashboard On/Off

Raishiz Dashboard

Raishiz Dashboard shows the RSI value, Volatility of the market at current candle, Volume of the market as well as the sentiments of the market. All these values are live and does not have any delay factor in it. Whereas the dashboard distance will allow the dashboard to move back and forth on the chart.

Raishiz Dashboard shows different value for different timeframe you are using at. So its always advisable to go to higher timeframe and see the bigger picture.

Auto Support & Resistance

General Idea of Support & Resistance

“Support and resistance” is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea of how you should measure support and resistance.

Support is an area on a chart that price has dropped to but struggled to break below. The diagram above shows how price drops down to the area of support and subsequently ‘bounces’ sharply from this level.

Resistance is an area on a chart that price has risen to but struggled to break above. The diagram above shows how price rises up to the area of resistance and subsequently “bounces” sharply from this level.

Raishiz Indicators allow users to enable auto support and resistance by clicking on the option from the settings. The green line shows Support & red lines shows Resistance.

Auto Support & Resistance

Auto Fibonacci Retracements

In Trading, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction.

Raishiz Indicators allow users to enable auto Auto Fibonacci Retracements by clicking on the option from the settings. The default settings is 3, but if you are using it on 15Min chart time, its recommended to look for a bigger picture and change this setting from 8-10.

Auto Fibonacci Retracement Levels

Alerts

User can create alerts for buy and sell signals. Please refer to the picture below for correct configuration of alerts.

Alerts

For more information regarding alerts, please visit https://www.tradingview.com/support/categories/alerts/