Goethe B is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What is the main oscillator? - The main oscillator is TSV, or time segmented volume. It is one of the more interesting leading indicators.
What is the top bar? -The top bar shows a trend confirmation based on the wolfpack ID indicator.
What are those circles on the second top bar? -Those are Divergences of an internally calculated PVT oscillator. Red for Regular-Bearish, Green for Regular-Bullish.
What are those circles on the main oscillator? -These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those circles on the second lower bar? -Those are Divergences of an internally calculated CCI indicator. Red for Regular-Bearish, Green for Regular-Bullish.
What is the lower bar? -The lower bar shows a trend confirmation based on the Acceleration Oscillator, in best case it showes how far in the trend the current price action is.
What are those orange or aqua squares? - These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator threshold.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
@Haneros, The indicator works with both, you can use those you are most comfortable with.
emrahdorterler
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Great work as always - thank you !
FlipWhale
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Mindblowing work, huge thank you for the indicator :)
NR1998
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Whats the difference between Goethe A and B?
Razor98
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I had always dreamed of a volume-based alternative to Market Cipher incorporating TSI, CCI and Wolfpack-id as well. Now I've found it and it's free. I thank you for your astonishing work with all my heart.
UnknownUnicorn28670525
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it's an amazing indicator. Thank you.
andromedarocket
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Hi, looks like you're still using the same formula for your rsi and m variables. Someone asked on your other TSV indicator why you had a slightly different formula (that translated to a slightly different chart compared to other TSV scripts). I think they were asking about ...(Volume*-1)... instead of ...Volume*(...
JMTradingMaster
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It's a bad and worthless indicator because it REPAITS thus you can't backtest properly nor you can build an strategy around it nor use the signals in confidence. It will trap you and make you loose entries.
JMTradingMaster
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It looked good but the histogram REPAINTS. Just come out of rescuing a big loss thanks to strong reversal due thinking the indicator legit.