cybernetwork

PRISM Signals: On low-time frames.

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The PRISM Signals appears to work well especially at lower time-frames (even down to 5 min candles).
The key is to maximizing true-positives is to carefully optimize the input parameters and scoring weights and detection thresholds for a specific given chart and timeframe.

Also shown here is the PDF script, which provides: dynamic Fib levels, pSAR indicator, as well as 2 levels standard deviation bands (disabled here).
The thickest green/red limes are the local-top/bottom lines. Adjust the Fib Input Range accordingly to ensure that the local highs/lows are accurately captured.
The 61.8% levels are the thicker blue lines, and the purple lines are additional levels derived base on the mathematical conjugation between Fib levels.
Again, it is highly recommended to carefully check/optimize the input parameters for a given chart/timeframe against historical trends before proceeding to use it.
This script also provides consecutive higher/lower-highs/lows detection, which is disabled here.

Various features of these scripts can be manually Enabled/Disabled by the users to keep the chart neat.
Even though these scripts are constructed from a set of indicators, it is still highly advised to be used in conjunction with other analysis such as: trendlines, volume, and other indicators, etc., as well as analyzing and comparing with higher/lower timeframes, to help filter out or identify possible risk of false-positives to maximize your success rate.

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Indicators used:
PRISM Signals (Color and Stdev bands disabled here) -- Algorithm to generate scoring-based bullish/bearish signals derived from the PRISM oscillators set.

PDF {pSAR /w HiLo Trends + Fib Retrace/Extension Levels} -- Parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level.

Ichimoku Cloud {Cybernetwork} -- Ichimoku Cloud with modified parameters.


Related Indicator:
PRISM Oscillator -- pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators

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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.


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Please check out my other indicators sets and series, e.g.
  • LIVIDITIUM (dynamic levels),
  • AEONDRIFT (multi-levels standard deviation bands),
  • FUSIONGAPS (MA based oscillators),
  • MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
  • and more to come.
Constructive feedback and suggestions are welcome.

If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
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~JuniAiko
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Komen:
Note
For the PDF Fib levels:
  • The 61.8% retracement levels are the thicker blue lines.
  • The 61.8% extension levels are the thicker orange lines.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.