PROTECTED SOURCE SCRIPT
boitumelo_eth_behavior

## 1. The Core Trend: EMA Lines
The two moving average lines tell you the main trend direction.
Orange Line (EMA 21): The faster, short-term trend.
Blue Line (EMA 50): The slower, long-term trend.
How to read them:
Uptrend: When the Orange line is above the Blue line, the market is generally bullish. You should primarily look for buying opportunities.
Downtrend: When the Orange line is below the Blue line, the market is generally bearish. You should primarily look for selling opportunities.
Choppy Market: When the lines are flat and tangled together, the market is consolidating and lacks a clear direction. Be cautious during these times.
## 2. The Signals: Crosses, Zones, and Labels
These are your specific points of interest for potential entries and exits.
EMA Crosses (Triangles & Diamonds)
The script shows two types of cross signals: predictions and confirmations.
Prediction Triangles (▲▼): These are an early warning. A green triangle (▲) means a bullish cross might happen soon. A red triangle (▼) means a bearish cross is predicted. Do not trade these directly. Use them as a heads-up to pay close attention.
Optimal Cross Diamonds (💎): These are your high-quality entry signals.
Aqua Diamond (💎 Bullish): The EMAs have crossed upwards, and the price confirmed the move. This is a potential buy signal.
Fuchsia Diamond (💎 Bearish): The EMAs have crossed downwards, and the price confirmed the move. This is a potential sell signal.
Support & Resistance (Boxes & Labels)
These zones are drawn from recent market turning points (pivots) and represent key price levels.
Green Zones & Labels (Support): This is a price "floor" where the market has previously bounced up. Look for buyers to step in here. A bounce off this level is bullish.
Red Zones & Labels (Resistance): This is a price "ceiling" where the market has previously been rejected. Look for sellers to become active here. A rejection from this level is bearish.
## 3. The Context: Session Background Colors
The background color tells you about the typical market behavior for that time of day (based on the script's settings). This helps you filter your trades.
🟩 Green Background (Bullish Session): Bullish signals (like an Aqua Diamond or a bounce from support) are more reliable during these hours.
🟥 Red Background (Bearish Session): Bearish signals (like a Fuchsia Diamond or a rejection from resistance) are stronger during these hours.
🌫️ Gray Background (Consolidation Session): The market is often choppy. It's best to be cautious, as signals can be less reliable.
## Putting It All Together: A Trade Example
You can combine these elements to find high-probability setups.
Example High-Probability Buy Setup:
Trend: The Orange EMA is above the Blue EMA, or an Aqua Diamond (💎) has just appeared, confirming a new uptrend.
Level: The price pulls back and enters a Green Support Zone.
Context: The chart background is Green, indicating a bullish time of day.
Signal: You see price starting to bounce up from the support zone. This is your cue to consider a long (buy) trade, with a stop-loss placed below the green zone.
The two moving average lines tell you the main trend direction.
Orange Line (EMA 21): The faster, short-term trend.
Blue Line (EMA 50): The slower, long-term trend.
How to read them:
Uptrend: When the Orange line is above the Blue line, the market is generally bullish. You should primarily look for buying opportunities.
Downtrend: When the Orange line is below the Blue line, the market is generally bearish. You should primarily look for selling opportunities.
Choppy Market: When the lines are flat and tangled together, the market is consolidating and lacks a clear direction. Be cautious during these times.
## 2. The Signals: Crosses, Zones, and Labels
These are your specific points of interest for potential entries and exits.
EMA Crosses (Triangles & Diamonds)
The script shows two types of cross signals: predictions and confirmations.
Prediction Triangles (▲▼): These are an early warning. A green triangle (▲) means a bullish cross might happen soon. A red triangle (▼) means a bearish cross is predicted. Do not trade these directly. Use them as a heads-up to pay close attention.
Optimal Cross Diamonds (💎): These are your high-quality entry signals.
Aqua Diamond (💎 Bullish): The EMAs have crossed upwards, and the price confirmed the move. This is a potential buy signal.
Fuchsia Diamond (💎 Bearish): The EMAs have crossed downwards, and the price confirmed the move. This is a potential sell signal.
Support & Resistance (Boxes & Labels)
These zones are drawn from recent market turning points (pivots) and represent key price levels.
Green Zones & Labels (Support): This is a price "floor" where the market has previously bounced up. Look for buyers to step in here. A bounce off this level is bullish.
Red Zones & Labels (Resistance): This is a price "ceiling" where the market has previously been rejected. Look for sellers to become active here. A rejection from this level is bearish.
## 3. The Context: Session Background Colors
The background color tells you about the typical market behavior for that time of day (based on the script's settings). This helps you filter your trades.
🟩 Green Background (Bullish Session): Bullish signals (like an Aqua Diamond or a bounce from support) are more reliable during these hours.
🟥 Red Background (Bearish Session): Bearish signals (like a Fuchsia Diamond or a rejection from resistance) are stronger during these hours.
🌫️ Gray Background (Consolidation Session): The market is often choppy. It's best to be cautious, as signals can be less reliable.
## Putting It All Together: A Trade Example
You can combine these elements to find high-probability setups.
Example High-Probability Buy Setup:
Trend: The Orange EMA is above the Blue EMA, or an Aqua Diamond (💎) has just appeared, confirming a new uptrend.
Level: The price pulls back and enters a Green Support Zone.
Context: The chart background is Green, indicating a bullish time of day.
Signal: You see price starting to bounce up from the support zone. This is your cue to consider a long (buy) trade, with a stop-loss placed below the green zone.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.