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Meme Coin Buy Signal Indicator by ashar
This custom TradingView indicator is specifically designed for meme coins, using technical analysis indicators to identify optimal buy signals. It combines short-term moving averages, volume spikes, and Bitcoin trend alignment to pinpoint potential entry points during high-momentum periods.
Indicator Components:
Moving Averages (MA): A 5-period fast MA and a 13-period slow MA highlight short-term price momentum. Buy signals are generated when the fast MA crosses above the slow MA, indicating potential upward momentum.
Volume Spike Detection: The indicator detects high-volume periods using a multiplier. If the current volume exceeds the 10-period average volume by the set multiplier (default: 2.0), it indicates increased buying interest, which is crucial for meme coins.
Bitcoin Trend Alignment: The trend of Bitcoin, a market-wide sentiment indicator, is gauged with a 20-day moving average. Buy signals are validated only when Bitcoin is also in an uptrend, providing additional bullish confirmation for meme coins.
Buy Signal Criteria: A buy signal is triggered when:
The fast MA crosses above the slow MA.
Volume is above the average by the set multiplier.
The price is above the slow MA.
Bitcoin is trending up based on the 20-day moving average.
This indicator is ideal for meme coin traders looking to time entries with momentum-driven trends, aligning volume and trend indicators for a more comprehensive approach to high-risk assets.
Indicator Components:
Moving Averages (MA): A 5-period fast MA and a 13-period slow MA highlight short-term price momentum. Buy signals are generated when the fast MA crosses above the slow MA, indicating potential upward momentum.
Volume Spike Detection: The indicator detects high-volume periods using a multiplier. If the current volume exceeds the 10-period average volume by the set multiplier (default: 2.0), it indicates increased buying interest, which is crucial for meme coins.
Bitcoin Trend Alignment: The trend of Bitcoin, a market-wide sentiment indicator, is gauged with a 20-day moving average. Buy signals are validated only when Bitcoin is also in an uptrend, providing additional bullish confirmation for meme coins.
Buy Signal Criteria: A buy signal is triggered when:
The fast MA crosses above the slow MA.
Volume is above the average by the set multiplier.
The price is above the slow MA.
Bitcoin is trending up based on the 20-day moving average.
This indicator is ideal for meme coin traders looking to time entries with momentum-driven trends, aligning volume and trend indicators for a more comprehensive approach to high-risk assets.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.