PROTECTED SOURCE SCRIPT

Mando4_27's Combination Indicator

47
This script is an over-engineered, bloated mess that tries to do everything but ultimately fails at delivering anything truly useful. It's a Frankenstein’s monster of random indicators stitched together without coherence or proper logic.

### Key Issues:
1. **Overcomplicated and Redundant Inputs**
- The script has an absurd number of input parameters, many of which are just variations of the same concept (multiple MACD, RSI, ADX, EMA lengths). It looks like the creator just threw in every parameter they could think of.

2. **Confusing and Contradictory Conditions**
- It attempts to combine different scripts, including an "Orange Juice" script, reversal signals, volume analysis, and even something called a "God Candle" indicator. Instead of providing clarity, this creates conflicting signals and unnecessary noise.

3. **Inefficient and Bloated Calculations**
- The script unnecessarily recalculates values like MACD, RSI, ADX, and moving averages multiple times instead of optimizing them.
- It includes redundant conditions like checking for bullish divergence in two different ways but ultimately making them almost meaningless.

4. **Overuse of Alerts and Signals**
- The script floods the chart with alerts for reversal signals, volume spikes, MACD crossovers, ADX trends, and "God Candles." This results in constant alerts, making it impossible to differentiate between real signals and false positives.

5. **Pointless Cooldowns**
- The script implements arbitrary cooldown periods (e.g., "COMBO Cooldown" or "Lorentzian Cooldown"), which serve no real purpose other than making it more convoluted.

6. **Dubious "God Candle" Concept**
- The "God Candle" idea is laughably bad, built on random MACD and ADX conditions with no real validation. It assumes that certain volume spikes and MACD movements will predict major breakouts, which is wishful thinking at best.

7. **Inconsistent Trade Logic**
- The script attempts to manage trade states (buy/sell) but does so in a clunky way that lacks proper risk management.
- It includes reversal detection but fails to filter out noise properly.

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.