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Tradingview Setup

All Barkworthy articles and trade plans use indicators and charts from Tradingview. You can sign up for a profile and apply the same indicators that you find on this page.

We recommend to get a Tradingview Plus or Premium subscription.

Please consider using Barky’s referrer link:
https://www.tradingview.com/pricing/?share_your_love=Barkworth

When you have signed up and paid for a plan, you can use the following link to directly copy my chart layout, colours and indicators:
https://www.tradingview.com/chart/jKZILb28/

If you donโ€™t want to use Tradingview, you can use ordinary exponential moving averages instead of clouds.

Futures Trading

Futures charts are published with the B-ADJ setting turned OFF.

Colours and Indicators

My system is designed around pure price action, but I use a series of indicators to inform me while I am planning a trade and once I am in a trade. Below, I will list them one by one.

Colours

Candlesticks:
– Bullish Green colour #0593a5;
– Bearish Sand colour #bbb5a1.

Gradient background
– from light #072734;
– to dark #141823.

EMA clouds
– Bullish Green colour #0593a5;
– Bearish Blue colour #3179f5

EMAMA cloud
– Bullish Blue colour #90bff9 on 30% opacity
– Bearish Red colour #FF0000 on 30% opacity

Transparency for the volume bars is at 45%.

Barkster EMA Clouds

Just modified Ripster clouds, really. Not stolen, fully credited in the open source. I wanted to be able to change coloursโ€ฆ

๐Ÿ“‚_ https://www.tradingview.com/script/QMT54Sz5-Barkster-EMA-Clouds/

Settings:

Short EMA1 Length: 8
Long EMA1 Length: 9
Short EMA2 Length: 8
Long EMA2 Length: 14
Short EMA3 Length: 14
Long EMA3 Length: 21
Short EMA4 Length: 34
Long EMA4 Length: 50

Colours:

Bullish Green: #0593a5
Bearish Red: #f23645

Opacity cloud 1 – 71%, cloud 2 – 62%, cloud 3 – 29%, cloud 4 – 29%

Barkster EMA Clouds – Multi Timeframe

The same as the other clouds, except these can be anchored to a different timeframe.

๐Ÿ“‚_https://www.tradingview.com/script/NSdYyCOa-Barkster-EMA-Clouds-Multi-Timeframe/

Just using clouds 3 and 4, but activating cloud 1 during times when price is extremely extended (not very often). Opacity on 35%.

Break Out Candles

This indicator helps us isolate which candle is the one on which investors entered the trade. The conditions are:

  • Volume is higher than volume EMA;
  • Change from previous close or distance between open and close is greater than the ATR Multiplier.

๐Ÿ“‚_ https://www.tradingview.com/script/QHaEWUmg-Breakout-Candles/

Settings:

MACD Cross Alert

Instead of a traditional MACD indicator, I just use a bullish/bearish cross alert, that produces a triangle at the candle where the cross is forming.

๐Ÿ“‚_ https://www.tradingview.com/script/G2oQNXlk/

Settings:

Image

Candlestick Based RSI

This indicator wonโ€™t show up in search. Instead, click on the link below and add it to your favourites. From then on, you can find it under your indicators.

๐Ÿ“‚_ https://www.tradingview.com/v/xbZaSmp0/

Settings:

GRon Trend Cloud

The G-Ron TrendCloud Pro Indicator is a powerful trading analysis tool designed to help users identify potential market trends based on historical data. It works on any timeframe, making it suitable for both long-term investors and active traders who seek to analyse market conditions.

This is a subscription based indicator that complements the Barkster EMA Clouds in a very consistent and useful way.

Contact the creator to request a 7 day free trial.
๐Ÿ“‚_ https://www.tradingview.com/script/os8xI4Sg-G-Ron-TrendCloud-Pro/

Other Indicators

In addition to these essential indicators, I also use the following in addition – but are no requirement:

  • Volume;
  • VWAP, standard settings;
  • EMA100, which is a standard bull/bear filter on any timeframe.