If you are serious about day trading but do not plan to trade the forex market, this is the perfect package for you. The Quantum Trading Essentials package delivers all the indicators you need for trading indices, commodities, stocks, and bonds combined with the power of the TradingView platform. And remember, with TradingView, you can access your indicators on any device and IOS, too.
Each indicator has been developed with one simple objective in mind – to help you assess risk both before opening a new position and then to manage it once your money is in the market.
After all, in trading, there are only two risks to consider:
- The financial risk
- The risk of the trade
The first is easy and dealt with as part of your risk and money management. The second is much more difficult to assess. This portfolio of indicators has been designed with one objective in mind. To address the second of these. In other words, to help you assess, quantify, and manage the risk of the trade from start to finish.
Staying in
Staying in is the hardest part for most traders. The market never moves higher or lower in a straightforward way. Pullbacks and reversals are part and parcel of every move. But this is where emotional trading decisions can be destructive, both to your confidence and to your account. This is where success lies. If you can ignore these emotions, and continue to hold a position through these phases with confidence, that inner belief will then calm the emotional response. Why?
As a company whose methodology is based on volume price analysis, it will come as no surprise that several of the indicators are volume-based, such as the VRSI indicator (volume relative strength indicator), the VWAP indicator (volume weighted average price indicator), and the MSI indicator (market strength indicator), along with the VPOC indicator (volume point of control indicator). The VRSI indicator considers relative volume and displays this as volume pressure which is then interpreted in terms of the momentum of the trend. A strong trend will be supported with rising pressure, and a weak trend with little or no volume pressure, with the indicator revealing this graphically and clearly for you below the price action in the same way that volume does also. The VWAP indicator is a powerful indicator for day trading, and this is not simply one indicator but FIVE IN ONE! This includes the VWAP, which is volume-weighted average price, and the AVWAP, which is an anchored version of the VWAP, allowing you to select the key reversal points from which to start the analysis. Next, we have the MVWAP, which is the moving average version of the indicator that smoothes out the session crossover points, followed by the TWAP, which is the time-weighted average variant. Finally, we have the interday VWAP which considers the volume-weighted average price over the longer-term timeframes.
For stock day traders and futures traders, the VWAP is an invaluable tool that reveals the fair value of price based on weighted volume, and when viewed against the upper and lower bands of standard deviation, giving clear signals when the price is finding support or reaching exhaustion points.
And speaking of exhaustion points, we have the Market Strength Indicator, which does just that, and in the same way as the currency strength indicator reveals when currencies are potentially overbought and oversold, so the market strength indicator does the same for all other instruments. So here, you will be able to analyze stocks, futures, and indices all in one place and across all the timeframes.
All the indicators help you interpret the price action by delivering clear and simple signals, allowing you to make logical decisions free from emotion based on analysis. This is where the other indicators step in, with the Quantum Trends and Quantum Trend Monitor working in tandem to show you visually and quickly when a new trend is starting, pausing, or ending.
Price action too, comes under the spotlight, with the Quantum Accumulation and Distribution indicator showing you dynamically and precisely those regions on the chart where strong buying or selling has been present in the past, and, therefore likely to present resistance or support to the current price action. The indicator describes these graphically in blue and red to show those regions where buying has been dominant and supportive of a move lower from above and red where selling has been in the ascendancy and, therefore, likely to act as resistance when approached from below. Numerical values are also ascribed to each level, giving you the complete picture and helping you to stay in as market trends develop.
Finally, the price action is complemented with the Pivots indicator and the Volatility indicator, simple yet powerful tools that signal short term price reversals and price action that is outside the Average True Range and indicative of market volatility.
Getting out
Once again, the Quantum indicators act in concert to help you assess risk and decide whether it’s time to close out any existing positions. First, the Tick Volumes indicator may be signaling market momentum draining away with tick activity falling and the indicator moving to red in multiple timeframes. At the same time, perhaps the Trends indicator combined with the Trend Monitor is in transition, perhaps changing color for a bright red or blue to a darker color, signaling a potential pause or possible reversal in due course. Or it may be pressure is falling on the VRSI indicator, perhaps coupled with a move on the AVWAP or MSI indicators, all working in tandem together.
Finally the Accumulation and Distribution indicator may be showing a deep area of potential resistance or support in close proximity. All signals to heed, consider, and potentially exit. After all, the costs of trading are low, and even if the market continues in the same direction, getting back in is easy with the Quantum Trading Essentials package – so whether you are a scalping trader, swing or trend trader, or even a longer-term investor, why not invest in the essentials package today, and take your trading to the next level.
