bids_sniper

Sniper Dragon

This indicator improvement from Indicator | MCDX

I make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.

Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.

How to use this indicator:-

Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Institution
3. Red Color - Smart Money

- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.

Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy

Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
Catatan Pelepasan: This indicator improvement from Indicator | MCDX

I make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.

Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.

How to use this indicator:-

Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Hot/Smart Money
3. Red Color - Institution/Banker

- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.

Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy

Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
Skrip sumber terbuka

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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