Socrate's Bottom FinderENGLISH :
Hi everybody,
This indicator will give you the market bottoms with remarkable accuracy.
/!\ Be aware that the indicator cannot know the current economic situation and that in the event of a major crisis, it can signal a market bottom despite the decline not being over. /!\
How to read it ?
It is composed of two visual sections:
- The first section materialized by the white line is a "treshhold" which gives the current trend of the week. It is used to filter most of the "fake signals"
- The second section, materialized by a green and red band, gives the strength of the price trend. If for example the trend is rather bullish, this bar will turn green, the opposit will produce red. An "opportunity" signal will appear when the optimal conditions are met to define a market bottom. Before an opportunity signal there will always be an "Surrender" signal, wich means the trend has weakened and the bottom is near in time.
Special Recommandation :
- The best results are on 1W, 3D, 1D. The indicator work on lower TF but it's not his purpose and you may drop significantly your W/L rate.
- Avoid stocks/crypto with poor stability in the very long time, a good hint is to look after thoses who mostly are above SMA200 on weekly TF.
- Avoid cyclical stock, as they tend to bounce up and down way to often.
Please do your own diligence. Trading may conduct you to loose capital.
Apply your own trading strategy :)
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FRANCAIS :
Salut tout le monde,
Cet indicateur vous donnera les creux du marché avec une précision remarquable.
/!\ Sachez que l'indicateur ne peut pas connaître la situation économique actuelle et qu'en cas de crise majeure, il peut signaler un creux de marché même si la baisse n'est pas terminée. /!\
Comment le lire ?
Il est composé de deux sections visuelles :
- La première section matérialisée par la ligne blanche est un « seuil » qui donne la tendance actuelle de la semaine. Il est utilisé pour filtrer la plupart des "faux signaux"
- La deuxième section, matérialisée par une bande verte et rouge, donne la force de la tendance des prix. Si par exemple la tendance est plutôt haussière, cette barre deviendra verte, l'inverse produira du rouge. Un signal "d'opportunité" apparaîtra lorsque les conditions optimales seront réunies pour définir un creux de marché. Avant un signal d'opportunité, il y aura toujours un signal "Abandon", ce qui signifie que la tendance s'est affaiblie et que le creux est proche dans le temps.
Recommandations spéciales :
- Les meilleurs résultats sont sur 1W, 3D, 1D. L'indicateur fonctionne sur des TF plus faibles mais ce n'est pas son but et vous risquez de faire chuter considérablement votre ratio de W/L.
- Évitez les stocks/crypto avec une faible stabilité sur le long terme, un bon indice est de cibler ceux qui sont majoritairement (dans leur historique) au-dessus de leur SMA200 en TF hebdomadaire.
- Prioriser les actifs de type "HyperGrowth", l'indicateur fonctionne moins bien avec les cycliques
Veuillez faire vos propres recherches en parallèle. Le trading pouvant vous conduire à perdre du capital.
Appliquez à cet indicateur votre propre stratégie :)
W-bottom
dize Top & BottomsHi Trader,
the "Tops & Bottoms" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators.
💡 What is the Tops & Bottoms indicator?
The "Tops and Bottoms" indicator is a momentum indicator that gives us clues as to when a market might turn around or how intact the current trend is. When calculating, we use statistical methods that provide us with indications of abnormal market behavior.
The indicator comes with Multi-Timeframe support, which makes it easy to get an overview on what is happening on other timeframes.
💡 How to use it?
The indicator has one calculation parameter. The "Sensitivity" parameter specifies how many candles are considered in the calculation. The resolution parameter instead tells the indicator on which timeframe it should be calculated. Please be aware, that the selected timeframe should always be higher than the displayed chart timeframe.
The upper and lower visual bands of the indicator act as a threshold to detect abnormal market behavior.
Furthermore, the appearance of the indicator can be changed using the selected colors.
Let's have a look:
Using the indicator on the same timeframe:
Using the indicator on a higher timeframe:
🔓 To gain access to this indicator, please read the signature field.
VWAP/EMA50/EMA200We script this one for combining VWAP , EMA50 and EMA200. The tool is fantastic if traders know how VWAP , EMA work? Just adding this script in your favorite and work like charm:
VWAP: How to trade with that
- One of the simplest uses of the VWAP is gauging support and/or resistance.
- A trader who is long a stock can use the VWAP as a target exit if its trading below.
- A stock trading over intraday VWAP may be bullish , while a stock trading under may be bearish .
EMA 50/EMA200: How to trade with that timeframe 50-day or 200-day period
- Identify the trend of market in longterm
- Golden-cross (short term EMA cross above longterm EMA ) is call golden-cross signals. It is opportunity for buying.
- Deal-cross ( short term EMA cross below longterm EMA ) is call dead-cross signals. It is opportunity for selling.
- Identify support levels
- Identify resistance levels
Let me know if you see anything else that should be added/changed.
Horns Pattern Identifier [LuxAlgo]The following script detects regular and inverted horn patterns. Detected patterns are displayed alongside their respective confirmation and take profit levels derived from the pattern measure rule. Breakout of the confirmation levels are highlighted with labels.
This script is a continuation of the educational idea regarding horns patterns.
Settings
Threshold: Controls the maximum allowed slope of the line connecting two horns, with higher values allowing a higher slope.
Usage
Horn patterns are chart patterns introduced by Bulkowski in his book "Encyclopedia of Chart Patterns". We covered this pattern in the following post: Horn Tops & Bottoms Patterns - How To Find and Trade Them
The script allows the user to quickly determine the presence of a regular or inverted horn pattern, alongside automatically displaying the confirmation level and take profits associated with a detected pattern. These are calculated based on the rules described by Bulkowski.
Horn patterns are highlighted by a line connecting the horns, the dotted lines represent the confirmation level, once the price crosses this level a label will appear, either bullish or bearish depending on the detected pattern. The dashed line represents the take profit level.
Top & Bottom Strategy by The Accumulation ZoneHey Guy's welcome back to another Strategy based on a popular Indicator!
Indicators used in this Strategy:
-> Top and Bottom by ceyhun (Basic Settings)
-> Volatility Oscillator by verifid (Basic Settings)
Long Entry Criteria:
1. New Buy Signal from the Top & Bottom Indicator
2. Bullish Spike to the upside on the Volatility Oscillator ( above the BB Bands)
3. Enter Long (SL based on ATR, RR 1.5)
Short Entry Criteria:
1. New Sell Signal from the Top & Bottom Indicator
2. Bearish Spike to the downside on the Volatility Oscillator ( below the BB Bands)
3. Enter Short (SL based on ATR, RR 1.5)
Optional Filters:
- Session Filter
- Date Filter
- EMA Filter
IMPORTANT use this only for testing purpose. Don't Risk any Money. For educational Purpose Only!
ATR and IV Volatility TableThis is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values.
ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade.
Regarding of the usage, I always recommend to go at the end of the previous close day of the candle(with replay function) or beginning of the daily open candle and get the expected values for movements.
For example for 26April for SPX, we have an ATR of 77 points and the close of the candle was 4296.
So based on ATR for 27 April our TOP is going to be 4296 + 77 , while our BOT is going to be 4296-77
At the same time lets assume the IV for today is going to be around 25% -> this is translated to 25 / (sqrt (252)) = 1.57 aprox
So based on IV our TOP is going to be 4296 + 4296 * 0.0157 , while our BOT is going to be 4296 - 4296 * 0.0157
I found out from my calculations that 80-85% of the times these bot and top points act as an amazing support and resistence points for day trading, so I fully recommend you to start including them into your analysis.
If you have any questions let me know !
RinarBottombuyRSI, VWMA, MA.
Altcon bottom signals.
buy
White background - bottom point
Yellow - Buy zone
White triangles - a signal to place orders
Sell
Red - sale
RU
RSI , VWMA , MA.
Сигналы дна альтконов.
Buy
Белый фон -точка дна
Желтый - Зона покупки
Белые треугольники - сигнал выставить ордера
Sell
Красный - продажа
[k4d] DCA SniperFrench text below / Texte en Français plus bas
TL;DR
DCA Sniper is an indicator that tells you the perfect time to do DCA, the bottoms areas are indicated by red bars, the buy signal is given when a yellow bar appears.
"DCA Sniper" aims to help you make DCA (Dollar Cost Average) smarter.
Instead of buying your cryptos at a regular rate, this script will send you an alert at an opportune moment when the prices are touching, or are close to, a bottom.
The script works on several time intervals, the smaller the interval the more signals you will get...
so you can try with several time slots and choose the one that gives you the best signals for your strategy.
How to use this indicator
The indicator scans the price evolution in real time and displays grey bars
When it detects a potential bottom, the bars become darker
When the bottom is near, the bars turn red
Finally, when a potential bottom is detected, a yellow bar is displayed => it's time to buy
Warning:
Since the indicator works in real time, a bar can change color as long as the current candle is not closed. A yellow bar may very well turn red and thus cancel the signal. So wait for the close before making a decision.
Settings
This version of the indicator has only two settings:
Use Candlesticks filter: If this box is checked, the script will try to eliminate false signals based on candlestick patterns.
Use LinReg filter: If this box is checked, the script uses the "LinReg length" value to apply a linear regression and filters out all bottoms that fall within a standard deviation of the linear regression.
Before using DCA Sniper
This indicator was not developed for trading, although it can give good potential entries.
If you use it for trading, please manage your risk well and share your feedback :)
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Résumé
DCA Sniper est un indicateur qui vous indique le moment parfait pour faire du DCA, les zones de bottoms sont indiquée par des barres rouges, le signal d'achat est donné lorsqu'une barre jaune apparait.
"DCA Sniper" a pour objectif de vous aider à faire du DCA (Dollar Cost Average) plus intelligement
Au lieu d'acheter vos crypto à un rythme régulier, ce script va vous envoyer une alerte à un moment opportun ou les prix touchent, ou sont proches, d'un bottom.
Le script fonctionne sur plusieurs intervals horaires, plus l'interval est petit plus vous aurez des signaux ...
vous pouvez donc essayer avec plusieurs tranches horaires et choisir celle qui vous donnent les meilleurs signaux pour votre stratégie.
Comment utiliser cet indicateur
L'indicateur scan l'évolution des prix en temps réel et affiche des barres grises
Lorsqu'il détecte une zone de bottom potentiel, les barres deviennent plus foncées
Lorsque le bottom est proche les barres deviennent rouges
Enfin, lorsqu'un bottom potentiel est détecté, une barre jaune s'affiche => c'est le moment d'acheter
Attention
Puisque l'indicateur fonctionne en temps réel, une barre peut changer de couleur tant que la bougie actuelle n'est pas cloturée. Une barre jaune peut très bien devenir rouge et annule donc le signal. Il faut donc attendre la cloture avant de prendre une décision.
Réglages
Cette version de l'indicateur propose seulement deux réglages :
Use Candlesticks filter : Si cette case est cochée, le script va essayer d'éliminer des faux signaux en se basant sur des patterns de bougies.
Use LinReg filter : Si cette case est cochée, le script utilise la valeur "LinReg length" pour appliquer une regression linéaire et filtre tous les bottoms qui se retrouvent au sein d'une déviation standard de la régression linéaire.
Avant d'utiliser DCA Sniper
Cet indicateur n'a pas été développé pour faire du trading, bien qu'il puisse donner de bonnes entrées potentielles.
Si vous l'utilisez pour du trading, gérer bien votre risque et partagez vos retours :)
2π Indicator including Prediction-FeaturePI Cycle indicator is very good on finding potential tops.
PI cycle uses the 350MA/111MA which equals around 3,14
Using the 700MA its very obvious that we can spot potential Bottoms.
We are also using the 111MA, so 700MA/111MA equals to 6,30 which is ~ 2π.
I also built in a Prediction feature so we could speculate on a potential Bottom in the future.
Obviously the prediction might change over time if price is more volatily it changes the outcome.
Use Daily chart for best results.
Eflatun CCI Divergence and Top/BottomThe Commodity Channel Index (CCI) with Divergence and finding Top / Bottom points
Select MA with Sma, Ema, Wma, SWma, VWma, Hma or Rma
Follow bar color on top or bottom
Bitcoin Golden Bottom Oscillator (MZ BTC Oscillator)This indicator uses Elliot Wave Oscillator Methodology applied on "BTC Golden Bottom with Adaptive Moving Average" and Relative Strength Index of Resulted EVO to form an Oscillator to detect trend health in Bitcoin price. Ticker is set to "INDEX : BTCUSD" on 1D timeframe.
Methodology
Oscillator uses Adaptive Moving Average with 1 year of length, Minor length of 50 and Major length of 100 to mark AMA as Golden Bottom.
Percentage Elliot Wave Oscillator is calculated between BTC price and AMA.
Relative Strength Index of EVO is calculated to detect trend strength and divergence detection.
Hull Moving Average of resulted RSI is used to smoothen the Oscillator.
Oscillator is hard coded to 'INDEX:BTCUSD' ticker on 1d so it can be used on any other chart and on any other timeframe.
Color Schemes
Bright Red background color indicates that price has left top Fib multiple ATR band and possibly go for top.
Light Red background color indicates that price has left 2nd top Fib multiple ATR band and possibly go for local top.
Lime background color indicates that price has entered lowest band indicating local bottom.
Bright Green background color indicates that price is approximately resting on Golden Bottom i.e. AMA.
Oscillator color is set to gradient for easy directional adaption.
BTC Golden Bottom with Adaptive Moving Average
ETH Bottom FinderThis indicator is a 3 step process for confirming a short term bottom on ETH. Using the setting that are preset, there is are 1, 2 hour and 4 hour alerts. Going top down, if the 4H alert fires and a 1 or 2 hour signal is plotted, the long signal is confirmed. This will only plot on these timeframes and the "ETH 2H Bottom" and "ETH 4H Bottom" will only plot and signal for the ETHUSD ticker. The HigherTimeKLimit is for limiting the 2H slowstoch(21,3) k value for the 1H signal. Used on different pairs, I set it customized with target/stop loss percentages as follows:
upper K STB T:SL
CRV 11 2 3:4.5
LINK 13 2 4:2.2
ATOM 15 1 4:2.8
AVAX 11 1 5:5
AXS 9 2 3:4
STORJ 11 1 4:2.8
XTZ 11 2 no
VET 13 2 4:2.8
UNI 17 2 no
SOL 13 2 4:2.8
ONE 16 2 5:2
FTM 20 1 7:2
ADA 10 2 3:2.2
MATIC 11 1 5:2
HBAR 2H 17 1 5:5
ATOM 2H 1 5:5
LTC
ETH 17 2 no
The STB 1 or 2 refer to showatomstb or showonestb (just a name).
[UPRIGHT Trading] Top & Bottom Finder [Premium]Hello Traders,
Today I'm releasing an updated version of my previous Top & Bottom Finder (M.Right_Top & Bottom Finder 1.0).
The timing of this release couldn't be more perfect with everyone trying to 'find the bottom'. And the increased volatility that we've been seeing as of late.
Essentially, my indicator uses volatility and standard deviations among other things to assist you in finding the top or bottom of trends. You may also notice that it uses a lot of different strength indicators to provide an additional layer of complexity and confirmation.
Not just an RSI, but an RSI ema, smoothed OBV RSI's, and other volume RSI's. This is a truly unique and powerful tool for any Trader - whether you've just started or you've been trading for 20 years, I'm confident you will find value in the UPRIGHT Trading Top & Bottom Finder.
How to use it:
When it detects the trend Bottoming or Topping the histogram will change color. Bottom - Green/blue, Top - Red, (different shades of colors for different types of detection).
I've spent several hours tweaking the calculations and filters to enhance the accuracy, so this will be a noticeable upgrade from my original Top & Bottom Finder.
The length of the histogram bar can be an indication in itself, especially when it lines up close to one of the plotted lines and has noticeable direction change following this.
I've added a lot of text and pictures to help display it's capabilities, features, and customizability.
As always, it's fully customizable with alerts. Can toggle any thing on or off, and change the colors to suit your style.
3 Unique RSI's, different colors on the histogram will show different levels of detection. Some are more accurate in some timeframes than others. Bright Green and Bright Red are the most different from the rest.
I've jam-packed this indicator with Buy/Sell and Confirmation Signals and even background highlights (with colors that can mesh together). Feel free to find what works best for you.
RSI color indications and background highlights aid in confirmation. Also, as mentioned previously, sometimes a gray bar will land on a Fib and it will be a bottom signal.
The above chart should look like this
Good luck Traders,
Cheers,
Mike
(UPRIGHT Trading)
Trend Volatility Tops and Bottoms
Big Picture:
Overall what this script try's to capture is bounces off of moving trend lines.
What you will see when using this script
one Green line, one red line, two gray lines and circles in colors blue, green, red, and purple.
RED AND GREEN LINES:
There are two trend lines, an upper and a lower line that are 1 to 2 standard deviations from the linear regression line formed by the closing price for a look back period. The green is the distance from the close price and the lower line. The red is the list from the close and the upper line. (you don't see the lower and upper lines, but yo do see the green and red lines)
The goal is too easily see when price is approaching those support and resistance levels.
GRAY LINES:
GRAY lines are a form of volatility metric. GRAYS represent the distance from the RED and GREEN lines talked about above. low volatility mean the two GRAY lines will be close and times of high volatility will be father apart.
COLORED CIRCLES:
the color circles represent possible bounce zones, when price is high or low for for a given time period.
PURPLE is caution that there could be a possible price drop
RED is a critical zone for rejection and price drop
BLUE is caution that there could be a possible price increase
GREEN is a critical zone for bounce and price increase
how its used
feel free to play around and Try new things but, how its intended to be used is on 4hr time Frame looking for longer term trends on assets that tend to be less volatile on average.
settings
some settings:
buy deviation, this will say how many standard deviations do you want the lower bounce line to be from the linear regression line
sell deviation, this will say how many standard deviations do you want the upper bounce line to be from the linear regression line
dist to zero buy: how close dose the price has to be to put out a possible bounce.
Recap
-red and purple = possible upcoming price drop... red is more critical than purple
-green and blue = possible upcoming price increase... green is more critical than blue
-use on less volatile assents and on 4hr timeframe
good luck!
Average Total Price From BottomThis is an indicator to help determine where the bottom of the market is currently based on the average close of the previous cycle. This is an idea from @Jay_DCA on YouTube and I thought it would be fun to code. Enjoy!
How to use:
Specify the date at which the bottom of the markets occurred. I added two extra cycle inputs for future usability. So, when the current bottom is found of this bull cycle, make sure to change the date in Bottom 3.
Up & Down Trend Trading Strategy - BNB/USDT 15minThis strategy will focus on up trend trading and down trend trading based on several indicators such as;
for up trend
1. SAR indicator
2. Super trend indicator
3. Simple moving average for the period of 100
down trend
1. RSI Indicator
2. Money flow index
3. Relative volatility index
4. Balance of powder
TradingGroundhog - Strategy & Wavetrend V2#-- Public Strategy - No Repaint - Fractals - Wavetrend --
Here I come with another script, a nice and simple strategy based on fractals and Wavetrends.
#-- Synopsis --
A simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but in order to avoid bad and evil downtrends, we use Wavetrends based on a Daily time frame. From it, Tops and Bottoms are extracted. If the opening price goes above Wavetrend Tops, no trades will be conducted during the day. If the price goes below Wavetrend bottoms, no trades will be executed from 1 to N days, until a new Wavetrend bottom is generated.
I developed the strategy using BTC /EUR 15 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for long term and automated trading, I implemented the Wavetrend indicator to do so, or for short term if you have spot a long coming uptrend. Test it, look at its profit and long or short period on your crypto of choice.
#-- Graph reading --
And now, how to read it ?
Wavetrends:
Red Backgrounds are associated to No Trade periods. These periods occur when the price goes below a Wavetrend bottom or above a Wavetrend Top. They are here to limit the loss.
Blue Gradient lines represent the past Tops. For each bar, only the increasing values of the Wavetrend tops are acquired. Going from light to dark blue based on the age of the Tops. Thus, if on line goes from dark to light, this means the price is approaching a previous Wavetrend top. In the opposite, if it darken, thus the price say 'buy buy' and go dropping.
Yellow Gradient lines represent the past Bottoms. They are based on the same principe that the blue lines.
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Combined Smoothness' : The number of open individuals used by the Wavetrend. (6 or 9, often 9 is better but with less volatile crypto it will be 6)
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Disable is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Limit_candle to look on' : Number of candles to use to compute the Wavetrend Tops and Bottoms.
'Length top bottom drawn' : Size of the lines
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Interesting for short term profit, may need some parameter ajustements)
5 MIN
15 MIN (Preferred for long term profit, the script was developed on it)
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 1rst of July 2021 with 100% of equity on the BTC /EUR 15 Min and with a capital of 1 000 EUR.
# As I saw, it goes from +20% to more than +100% depending on the selected crypto. Sometimes it's negative but it's quite rare on crypto using the EUR.
Pi Cycle Bitcoin High/LowThe theory that a Pi Cycle Top might exist in the Bitcoin price action isn't new, but recently I found someone who had done the math on developing a Pi Cycle Low indicator, also using the crosses of moving averages.
The Pi Cycle Top uses the 2x350 Daily MA and the 111 Daily MA
The Pi Cycle Bottom uses the 0.745x471 Daily MA and the 150 Daily EMA
Note: a Signal of "top" doesn't necessarily mean "THE top" of a Bull Run - in 2013 there were two Top Signals, but in 2017 there was just one. There has been one in 2021, but on-chain analysis and macro TA is pointing to there possibly being another one in 2021 or early 2022. Regardless, combining the two indicators (Top and Bottom) means the MAs that converge first will likely give good indication of which will cross first in the next few years.
There is as much of a chance of two "bottom" indications occurring in a single bear market, as nearly happened in the Liquidity Crisis in March 2020.
M.Right_Top & Bottom Finder 1.0Thank you @Lazybear for the calculations for squeeze and BB, and all of the other great pine-coders who inspired me to create my own indicator to share!
This is the result of hours of work learning to code pine and tweaking until everything fits exactly what I was looking for.
After using it for a while and seeing the benefits personally, I figured now might be a good time to share with everyone while we are in such great market volatility, maybe I can save you some losses.
Basically, my indicator is meant to use volatility and standard deviations to show you the top and bottom of trends.
It does indeed work on lower timeframes, I typically use it on 5m, 30m, 4hr, and 1d.
What to look for:
When it detects the trend bottoming it will send a green histogram bar down, I also created a different shade green for even more likely bottoms.
When it detects the top of the trend it will send a red bar up, I have a brighter red for more certain tops.
The length of the histogram bar is also an indication as well. Sometimes there will be a reversal while still just showing the gray bar.
I just added alerts, so hopefully those work. If not, I will update.
Let me know if you have any questions, and enjoy.
Cheers!
Oscillator EdgesAnother simple script to be added on top of other indicators. Simply provides a symbol of varying color depending on the value of the oscillator. Allows up to 4 different colors in each direction. Includes alerts conditions. Demonstration is the indicator being applied to the RSI (purple) included in Market Cipher B.
To use, simply add it to your indicator, and choose and oscillator of your choice in the Input Settings. Alternatively, you can just keep it on 'close' and use the built in RSI. Or, you can use the RSI formula on top of something else (if that's your thing).
The names are silly, so I hope this is okay with all of you.
Let me know what you think, and if there are any problems, questions, or concerns!
Divergence HunterThis script searches multiple divergences based on the wave trend indicator
You could combine support and resistance to identify with the bearish divergence a Potential Top.
Bullish divergence on the other hand could indicate that the market found its bottom and you should keep your eye open for an long entry.
If you are already short and took some profit the hidden bearish divergence could indicate a continuation of the downtrend. Could also be used together with Fib-Retracement to find a reentry or an add for your current entry.
Hidden bull divs could be used to find a reentry in the current up trending move or of course could be used as and add for your current position.
If you want to try it or have questions leave me a message.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Price Range TableThe table shows the ranking of the price as a percentage relative to the past candles.
100 ~ highest price of the time frame
0 ~ lowest price of the time frame
Custom Volume - Periodic Peaks & Troughs + AlertThis script is a custom volume indicator with additional features.
But why is this useful?
The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs".
Hover your mouse cursor over the labels to see more details.
These parameters are widely used in technical analysis.
If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume. Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers.
If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume. Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers.
For example, take a look at the chart.
Settings menu parameters
{Dialog Box} =>
Parameter to show / hide the dialog box.
{Visual Parameters} =>
Parameters to personalize the appearance of the indicator.
{ Alert Conditions Part 01: Peaks ⏰ "} =>
Parameters to customize the alert.
{ Alert Conditions Part 02: Troughs ⏰ "} =>
Parameters to customize the alert.
{Volume MA} =>
Moving average settings
How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
Open the settings window and select the alert conditions as you wish
Click the Create Alert button (or press the A key while holding down the ALT key)
In the Condition section, select the name of the indicator.
Make the rest of the settings as you wish.
Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.
Limits
The labels are displayed after the bars close.
Labels are displayed for the last 10,000 bars.
References: Investopedia
