(Nexgen) TradingView Indicator Descriptions
Detailed Descriptions Of Nexgen's Indicators For TradingView
Last updated
Detailed Descriptions Of Nexgen's Indicators For TradingView
Last updated
For educational information:
To plot a second large trigger line, select your size chart.
If you do not wish to see the third line, you can uncheck the box, as seen below.
The settings are straightforward for this indicator; the color and size of text are your choices.
To learn about the large and small swings ( how they are formed )
T3 Trend Bands are helpful as entry and exit areas.
TradingView limits the number of plots to 60, so as bars progress in real time, the dots will drop off of the bars. The high-volume areas for bars will persist, as will HVA LINES. Here, you will see a couple of HVA LINES and how the market reacts to them.
The T3 Macd BB Lines are an old indicator holdover from 2002-2003. Nexgen's primary use was spotting divergences. This has since been automated in our T3 Divergence Potential indicator. We put them in the package because some find them useful, but they are not included in our current chart templates or teachings.
Learn about T3 Divergence as a termination ( trend ending ) indicator. .
Learn about T3 Divergence as a trade management tool. ( trade ending ) .
Learn about one-to-ones as a termination ( trend ending ). Indicator.
YELLOW DOTS - ONE TO ONES: a Fibonacci projection of 100%. One swing distance is equal to the next swing. These are represented mostly by YELLOW DOTS or Magenta dots and may represent general support or resistance.
SMALL SWING ONE-TO-ONES: "Magenta dots" 100% projections from each smaller swing. The input choices are simple: color, style, and size. It is not recommended to use a line as a style.
There is much to learn about using the T3 Market Flow indicator. Nexgen's teachings and trade setups are based on volume breakouts and high-volume areas tested as support and resistance. We feel you should work through the three sections of the educational material in this guide.
NOTE: Due to the labor-intensive BID ASK data requirements, you'll need to upgrade to a Premium plan to use the Nexgen T3 Market Flow Indicator on TradingView. However, a premium upgrade won't be necessary if you prefer to trade without the T3 Market Flow indicator.
