Raishiz Intraday Indicator

All the information here in this section will be related to Raishiz Intraday Trader.

Introduction

This indicator is designed to be used for 5min to 15min chart time. 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 indicators the market moving bearish.

Trend Lines (Red, Blue, Green)

This indicator have 3 trendlines, which indicate the price movement as well as these lines can be used for taking profits, using as a stop loss or to predict reversals.

Candle above the red line shows the bullish movement of the asset, whereas if the candles are below green line it shows that market is bearish. Blue line is always acting as a line where customer can expect reversals. The example can be seen in the above picture where after 2nd buy signal the price come back to blue line and then reverse back.

Settings of Raishiz Indicator

Sensitivity

This indicator allow the user to take over the control of algorithm by adjusting the sensitivity. The default value is 3, however it can max up to 10 and the minimum value is 0.1.

Dashboard On/Off

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 5Min chart time, its recommended to look for a bigger picture and change this setting from 8-10.

Alerts

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

Alerts Setting

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