Insights, strategies, and guides to help you trade smarter.
Trading psychology is the psychological aspect of trading. It determines the way traders interpret the information, react to profits and losses, deal with uncertainties, and make decisions under financial pressure. However, a trading strategy provides the conditions for taking and managing a trade.
A TradingView indicator may look highly accurate on historical charts, but its signals can sometimes change after new market data appears. If you want to know how to check if a TradingView indicator repaints, you need to test how its signals behave in real-time rather than relying only on past performance. Repainting can cause buy and sell signals to disappear, move to different candles, or appear more accurate than they were when the market was live.
Tradingview is chock-full of buy/sell indicators that work great in backtests but just because they work well in the past doesn’t mean they will perform the same way in the live market. Signals will always appear more precise in retrospect than when they were generated live.
Looking for a non repainting buy sell indicator could be a daunting task. Almost all of them claim that they give highly accurate buy and sell signals; however, many traders end up realizing that their signals were accurate because they repaint after the closing of the candle. It is very frustrating to use an indicator that gives unrealistic signals, which results in poor decisions.
The RSI indicator (Relative Strength Index) is a momentum oscillator that measures the speed and size of recent price moves on a scale of 0 to 100, helping traders spot when an asset is overbought or oversold. Developed by J. Welles Wilder Jr. in 1978, it remains one of the most widely used tools in technical analysis, but reading it correctly takes more than memorizing "above 70, below 30."
Price and momentum don't always agree. When they don't, that disagreement has a name: