GLOBAL EQUITY MARKETS – July 26, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 123.5 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. After clearing the horizontal resistance at 123.5 and the minor high at 127 levels, 123.5-127 area will act as support during any pullback. The ETF completed a short-term bullish flag that is acting as a continuation chart pattern. Outlook is positive for Global Equities. The ETF is resuming higher. Short-term support stands at 130 levels.
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PINE SCRIPT CODE FOR ATR TRAILING STOP-LOSS
Several years ago I came across a website as I was searching for coding a trailing stop-loss on MetaStock. A website called Trader Nexus helped me to better understand what a Chandelier Exit is with several great examples and some sort of a plug in DLL specifically designed for MetaStock formula language. Over the years I made some modifications to the ATR based trailing stop-loss.
Recently I spent couple of long hours on Trading View to understand and formulate the similar ATR based trailing stop by using their formula language, pine script. I think I was able to plot the indicator and I'm sharing it here with out members. I plan to integrate more and more Trading View functionalities to Tech Charts reports and website.
If you are interested in giving the platform a try here is your discounted link (Try Trading View with an initial discount)
I named it Simplified ATR Trailing Stop because so much more can be done with it by adding different calculations, such as price projections based on the initial risk etc. I will continue to build on this in the following posts. Let's look at the below box for parameters.
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CRYPTOCURRENCIES – July 20, 2025
BTCUSD cleared the upper boundary of its possible H&S continuation to new all-time highs. ETH starts outperforming BTC in the short-term, re-test of previous lows can form a possible double bottom on the ratio.
