Engineering Alpha

Engineering Alpha

Use Market Psychology To Forecast Key Reactions

Coding Psychological Levels Using TradingView

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Jun 10, 2024
∙ Paid

Psychological levels are round levels that are likely to have more reaction around them than other levels. Traders mostly recognize levels that are easier to remember, and thus are more likely to place their stops and entry levels around them, thus increasing the market impact. This article discusses the creation of a psychological scanner in TradingVie…

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