Signal Table

Notes:

These indicators and concepts are specifically designed for TradingView.com

Overview

The Signal Table will plot the data for multiple diffrent indicators at the same time to give a great overview. You can also see two EMAs above the chart in this indicator. You can add automatic fibonacci retracement levels to the top of the chart. You can see the Fibonacci levels on the chart and determine the support or resistance.

How to Trade

Here is what the signal table tells you:

1. RSI: The RSI is an oscillator that measures the momentum of a security's price movement. It ranges from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 indicating oversold conditions. Traders can use the RSI to identify potential trend reversals or to confirm trends. For example, if the RSI is above 70, it may indicate that the security is overbought and due for a pullback, while if it is below 30, it may indicate that the security is oversold and due for a bounce. When the RSI value is below 30 the signal table shows it as red and if above 70 it will turn green.
2. ATR: The ATR measures the volatility of a security's price movement. It can be used to set stop-loss and take-profit levels, as well as to determine position sizes. For example, a trader might set a stop-loss level a certain number of ATRs away from the entry price to account for potential price fluctuations. This table tells you the value of the ATR and how voilatile that asset is.
3. Volume: Volume measures the number of shares or contracts traded in a security during a given period. High volume can indicate the presence of institutional traders or other large players, which can affect price movements. Traders can use volume to confirm price trends or to identify potential trend reversals. For example, if a security is experiencing an uptrend with increasing volume, it may indicate that the trend is likely to continue. You can look at the average volume of the chart you are looking at then compare it to the signal table value of volume to see if the current volume is under or avove the normal.
4. EMA: EMAs are trend-following indicators that smooth out price data over a certain period. Traders can use EMAs to identify the direction of the trend and to generate trading signals. For example, if the short-term EMA crosses above the long-term EMA, it may indicate a buy signal, while if the short-term EMA crosses below the long-term EMA, it may indicate a sell signal. On this table the green line is the short where the red is the long.

How to Calculate

The Signal Table uses standard RSI, EMA and Fibonacci Calculations:

The RSI formula is as follows:

RSI = 100 - [100 / (1 + RS)]

where RS = (Average Gain / Average Loss)

The average gain and loss are calculated based on the number of periods specified by the user.

The EMA formula is as follows:

EMA = (Price - EMA(previous day)) x (2 / (n + 1)) + EMA(previous day)

where n is the number of periods specified by the user.

Volume is calculated by multiplying the number of shares traded by the price of the asset.

Fibonacci Calculations are based on Fibonacci ratios, which are derived from the Fibonacci sequence. The most commonly used Fibonacci levels are 23.6%, 38.2%, 50%, 61.8%, and 100%. These levels are calculated by taking the high and low points of a price range and multiplying them by the Fibonacci ratios.