This trading idea is inspired by Yasuji Yamanaka (TradingView: yasujiy), a seasoned professional with extensive experience in forex trading and technical analysis. With a career starting in 1982 at Bank of America, he served as a Vice President and Proprietary Manager before moving to Nikko Securities in 1997. He now heads a financial consulting firm, delivering seminars and publishing books on technical indicators.
This idea implements Yamanaka's methodology, combining HiLo Activator, Trend Finder, and 60-Minute QQE to analyze market trends and price behavior. While TradingView currently does not support displaying Price Reach Probability Charts directly, you can enhance your trading strategy by using this idea in conjunction with Yamanaka’s regularly updated Price Reach Probability Charts on his site: FX羅針盤.
HiLo Activator
Tracks price movements relative to high and low moving averages. It highlights:
Swing Highs with magenta markers. Swing Lows with lime markers. This is valuable for identifying trend reversals and key support/resistance levels.
Trend Finder
Identifies breakouts and breakdowns of previous high and low levels. It dynamically colors bars to indicate the current trend:
Lime green for bullish conditions. Red for bearish conditions. Ideal for confirming breakout scenarios and momentum shifts.
60-Minute QQE
Analyzes short-term trend direction and strength using RSI smoothing and adaptive ATR bands:
Green indicates a bullish short-term trend when the Fast ATR band is above the Slow ATR band. Red indicates a bearish short-term trend when the Fast ATR band is below the Slow ATR band. Perfect for capturing short-term trends in day trading and short swing trading strategies.
How to Combine with Probability Charts
Use HiLo Activator to detect potential reversals and confirm key support/resistance zones. Apply Trend Finder to validate breakouts or breakdowns. Use 60-Minute QQE to analyze short-term trend direction and strength. Refer to the Price Reach Probability Charts on FX羅針盤 to determine statistically significant price targets. Align these tools to establish precise entry and exit points.
Why This Matters
This strategy recreates Yamanaka’s unique methodology, leveraging his expertise in technical analysis and market behavior while integrating external tools to provide a powerful approach for day traders and short-term swing traders.
This idea is for informational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.