📌In the last issue, we talked about the high-multiply seeding strategy, the contrarian blade strategy and the volume divergence strategy, and the response was very good! In this issue, we continue to explore his trading volume distribution strategy and stock and currency double bottom strategy😍🚀

When checking the support and resistance of a certain area, Flight often refers to the VPVR visible range trading volume distribution chart, and then combines the moving average and volume energy to determine whether the price will break through or encounter resistance👍

Taking the trend of this chart as an example, Flight analysis believes that VPVR shows that there are too many and too dense pending orders in this area, and the price has dropped below the moving average with heavy volume. It seems impossible to rise directly. The price is very likely to fall back to 10300 and 11100, but the price is a bit far away from 10300, so he believes that the short-term price to 11100 is more reasonable/

What is the moving average ribbon indicator here? Flight did not mention it. Based on experience, the picture should be the Moving Average Ribbon indicator. This is a dense line network created with a series of moving average lines of different lengths, including There are dozens of moving averages with different parameters. Each moving average has some funds to place orders based on these positions. There are buy pending orders and active buy orders, as well as short orders and take-profit orders, which can form a clear stopping effect on the price/

We can understand the strength of the trend through the degree of divergence of the moving average band. The color indicates the long and short trend. When the MAR indicator turns from the purple line to the green line, and the price breaks through the moving average band with heavy volume or completely breaks away from the moving average band, the trend is usually considered It has gone from idle to long!

Conversely, when the MAR indicator changes from the green line to the purple line, and the price falls below or completely breaks away from the moving average, the trend is usually considered to have changed from long to short!

📌The full name of the VPVR indicator is Visible Range Volume Profile, also called the volume distribution chart within the visible range. This is the only indicator that is grouped by a single group on Tradingview, and it is also a must-have indicator for many professional traders📍

We open Profiles in the technical list in the indicator search bar and find the trading volume distribution chart within the visible range. Interpreted literally, the energy column on the right shows the distribution of trading volume of all K lines within the range you can see from the first K line on the far left of the screen chart to the K line on the far right. Condition. If the chart changes, the volume energy column of the visible range volume distribution chart will also change according to the currently visible range.

Users of the ordinary version of Tradingview can also find the fixed-range trading volume distribution chart in the fifth toolbar of the sidebar. The function settings and usage are the same as VPVR, but they need to manually mark the range. We click on the indicator, and then select the starting point and end point of the range you want to observe, so that you can observe the trading volume/

For example, a certain unilateral market, a certain box or a market turning point, etc. The trading volume distribution chart is a horizontal volume energy column, which is essentially different from our traditional trading volume indicator Volume. It is definitely not just a horizontal and vertical difference.

Volume represents the trading volume within a specific time period. For example, if the current chart is a daily chart, it represents the total trading volume within a day. If it is an hourly chart, it means how many orders were traded in one hour. The trading volume distribution chart represents the trading volume within a specific price range. It can tell us intuitively at which prices funds like to trade, which price is most accepted by bulls and shorts, and which is recognized by everyone as having trading value. Where is the interval.

The more intensive the trading volume, the more active the trading. When the price comes to this area again, it is usually difficult to break through here at once. This makes the location of the POC red line and the location with dense trading volume often regarded as support and Resistance to use!

These places with low trading volume are generally areas where there is a serious imbalance between supply and demand, such as a sudden gap or sharp rise and fall. Since these prices are unattractive to both buyers and sellers, the accumulation of orders is relatively small/

When the price is close again, there will not be too many orders for profit closing or stop loss of long and short transactions at this position, and the stopping effect on the price will be relatively weak!

📍Finally, there is the double-bottom strategy for stocks and currencies. Flight believes that the double-bottom structures of the stock market and cryptocurrency are different!

The trend of stocks is relatively regular, usually with a low bottom on the left and a high bottom on the right. The volatility of cryptocurrency is too high, and the ethics of market makers are low. The probability of starting to rise after placing stop-loss orders near the previous low is very high. This double bottom pattern is best used in conjunction with other strategies, such as the falling blade strategy mentioned in the previous issue. ~

Taking Bitcoin as an example, when the price drops sharply and a huge K-line appears near the key area to form a left bottom, and then falls below the previous low to form a standard double bottom structure, we can find the neckline of the double bottom structure. Entry from above/

If there is a relative strength indicator (RSI) on the chart, you can also enter the market at the closing price of the K-line corresponding to the oversold zone after the RSI diverges.

The MACD indicator is also very useful with double bottoms. We can set the fast line of MACD to 13 and the slow line to 34. When the price forms a double bottom near a key area, such as near the Vegas channel, you can enter a long position at the closing price of the K-line corresponding to the second wave peak where MACD deviates continuously and has a huge difference from the real column to the virtual column. Stop loss can be Set up near the recent lows, or below the Vegas channel!

Okay, the five most useful Flight strategies have all been leaked to you. There is no investment advice in the entertainment content. Remember to check whether you have clicked to follow. I wish you good morning, good afternoon and good night. Bye~