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Market Turn Identifier

3 460
How to identify tops and bottoms?

This script uses a combination of indicators to determine if it is a top or a bottom. It is best used in a bull market, where prices will extend in both directions. Good example is, cryptocurrencies.
Because prices extend on both directions, RSI divergences are great signs. Volume likewise. MACD is used as a final trigger. All of these signs don't have to necessarily happen on 1 exact candle, but should be spatially close.

List of requirements:

Top

  • MACD crossover
    RSI bear divergence
    Dropping volume (COMING SOON)


Bottom

*MACD crossunder
RSI bullish divergence
Increasing volume (COMING SOON)

This works the best in a medium time frame, from 2h-12h chart.
Nota Keluaran
Cleanup chart.
Nota Keluaran
Fix signals not getting positioned properly.

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.