21 Comments
User's avatar
Nitin Wadhwa's avatar

Thank you so much. I’m sorry is this same one that’s provided in your chart book in Gumroad?

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Smashelito's avatar

Yes.

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Mitesh Gandhi's avatar

Anyway to get access to this chartbook?

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Mitesh Gandhi's avatar

Hi Smash, left a couple of msgs about this chart - anyway to get access to it.? Or can you tell me what study that is at the bottom of this chart so I can incorporate it into my charts.

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Smashelito's avatar

My chartbooks for Sierra Chart, as mentioned on my website, are only available for purchase due to the time and effort I put into creating them. The lower study is the "Cumulative Delta Bars - Volume."

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Gamma's avatar

Smash what if buyers break that poor high in F? With delta divergence it is much possible for more upside? That poor high is the key here right? I sense the strong selling in the morning but still wasn't looking to short the top.

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Smashelito's avatar

A break above the poor high would confirm that the selling pressure was failing to gain traction. Buyers were able to absorb the aggressive selling for a few periods, but ultimately got exhausted. The main thing was the we had two consecutive trend day's to the upside, and with another gap up on top of that, the exhaustion trade was attractive for at least a liquidation.

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Gamma's avatar

Interesting today as es formed a poor low above 4000 and got resolved later. Fantastic 65 smashlevel and those vwap trades! Havent read todays plan yet but man! Thank you master smash!

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Cook's avatar

Thanks for your time and effort to create this analysis. I appreciate it!

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Syed's avatar

Hi Smash, thanks so much for your invaluable analysis and roadmap. I have a question for you and any profile traders reading this: is there a Profile indicator you can recommend for Tradingview? I have tried out a few of them, and fairly certain, those weren't plotting correctly.

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Smashelito's avatar

Thank you, Syed! Unfortunately, I'm not familiar with any TPO charts that can be accessed on Tradingview.

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Mitesh Gandhi's avatar

Not sure what Gumroad is but is there anyway to get access to this chart (or can you tell me what study that is on the bottom of the chart? Would like to include that type of delta information on my chart.

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Nitin Wadhwa's avatar

Is this your renko execution chart with heat map in the back? Or the 4 tick increment chart with heat map?

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Smashelito's avatar

This is the renko chart.

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Shashikant Mittal's avatar

Do you consider weekly still down ?

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Smashelito's avatar

No it's back to balance, forgot to update!

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Shashikant Mittal's avatar

How do you consider balance low previous week low?

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Smashelito's avatar

I will probably interpret this as a 4 week balance, from 4170 to 3931. Some traders may even have the weekly OTFU since we basically were in a two week balance. Let's see how this week plays out.

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Shashikant Mittal's avatar

Why 4 week, if understand correctly last 2wk + 1k (current wk) + 1wk (previous 3wk balance) ?

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Smashelito's avatar

Current week + 3 previous weeks.

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Sam's avatar

What do the red dots on renko chart mean?

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