[blackcat] L1 Digitized KDJ

26 Jan 2021

Level: 1

Background

This is a simple model for digitized KDJ

Function

Lime for bull and Red for bear with digitized candles.

Key Signal

lime candle --> bull
red candle --> bear
blue candle --> watch
yellow candle --> long entry
fuchsia candle --> overbought


Remarks

Feedbacks are appreciated.


Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.

28 Jan 2021

Nota Keluaran

breata blackcat invent ATR choppiness index filter added.
metalrat alerts added.

18 Apr

Nota Keluaran

OVERVIEW
A digitized KDJ indicator that combines trend analysis with an advanced choppiness index for enhanced trading signals. This script provides clear visual cues for buying, selling, and watching positions on TradingView charts.

FEATURES

• Digitized KDJ Analysis:

Fire signal detection
Hill strength measurement
Clear visual indicators for buy/sell signals
• Choppiness Index Integration:

Dynamic ATR-based choppiness detection
Adjustable threshold settings
Market condition filtering
• Visual Elements:

Color-coded trading zones
Interactive price alerts
Customizable transparency levels
HOW TO USE

Add the script to your chart

Adjust inputs as needed:

Length: Sets the period for choppiness calculation
Threshold: Controls alert sensitivity
Monitor the following signals:
• Buy signal: Green arrow at bottom
• Sell signal: Red arrow with price tag
• Watch zone: Blue indicator
• Overbought: Purple flag
• Bottom: Yellow marker

LIMITATIONS

• Requires sufficient historical data for accurate calculations
• Performance may vary in highly volatile markets
• Best used in conjunction with other technical indicators

NOTES

The script uses a proprietary Blackcat algorithm for enhanced signal accuracy. Parameters can be fine-tuned based on market conditions and trading preferences.