[blackcat] L3 Banker Fund Attack

12 Sep 2022

Level 3

Background

This indicator is used to capture the movement of the banker fund. The buying and selling point is determined according to whether the momentum of the banker fund and the price momentum resonate.

How to use the indicator:

The red column line indicates that the banker fund accumulation signal appears, and the following 2 conditions are all satisfied to buy; (both above the green line of the banker fund attack threshold)
1. The yellow line and the purple line all cross the red accumulation histogram signal;
2. The yellow and purple trend lines are up
Key point: If the yellow line crosses the green line of the banker fund attack threshold, it will be pulled up or the big market will open! The main thing is to see the red accumulation histogram signal, or the green line that crosses the banker fund attack threshold. If there is a red accumulation histogram signal, it means that there are main low-acquisition chips, and start trading on the left to open a position. The area above the green line of the banker fund attack threshold belongs to the main force pulling stage. When the green line of the banker fund attack threshold is not broken upwards, there is still a lot of profit space, but if it can be effectively broken through, it is highly profitable!

Remarks

This indicator only effective for instruments that contains banker fund. If there is no obvious large fund inside, the indicator is not as meaningful as it is called.

I verified it worked well for > 4H or 1D timeframe. For the other time frames, you may need to check and verify by yourself.

Feedbacks are appreciated.

20 Apr

Nota Keluaran

OVERVIEW
The [blackcat] L3 Banker Fund Attack indicator is designed to help traders identify potential buying opportunities based on sophisticated price deviation and normalization techniques. This advanced script calculates various metrics such as price deviations, normalized prices, and trend strengths to provide insights into market conditions. By plotting key signals and generating alerts, it assists traders in making informed decisions about when to enter long positions 📈💰.

FEATURES

Calculates multiple price deviation metrics:
Price Deviation: Measures the absolute difference between current lows and previous lows.
Adjusted Price Deviation: Smoothes the price deviation using an Exponential Moving Average (EMA).
Capped Price Deviation: Limits the adjusted price deviation to a maximum value of 100.
Computes price normalization factors:
Price Normalization: Standardizes price movements relative to recent highs and lows.
Momentum: Indicates the strength of price movements compared to past lows.
Plots essential lines and columns for visualization:
Momentum Line: Yellow line representing price momentum.
Banker Fund Strength Line: Fuchsia line indicating fund strength.
Banker Buy Signal Columns: Red columns showing buy signals.
Generates buy ('B') and sell ('S') labels on the chart for quick identification 🏷️
Includes customizable Attack Threshold parameter for setting alert conditions ⚙️
Highlights bars above the attack threshold with red coloring for easy recognition 🎯
HOW TO USE

Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Attack Threshold parameter to set your desired sensitivity level.
Monitor the chart for buy ('B') and sell ('S') labels indicating potential trade opportunities.
Set up alerts based on the generated signals to receive notifications when conditions are met 📲.
Use the plotted lines and columns as visual cues for decision-making.
LIMITATIONS

The indicator may generate false signals in highly volatile or ranging markets 🌪️.
Users should combine this indicator with other forms of analysis for more reliable trading decisions.
The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed.
NOTES

Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance and parameters as needed to fit your trading strategy.