Bitcoin Price Bottom IndicatorThis Indicator flashes up on bottoms of each Bitcoin market cycle. It’s suggesting, that the price of BTC finds strong support at the 200W SMA . Thats why it’s not flashing up in the first cycle, because there was not enough price data at that moment.
This Indicator uses price data from the weekly timeframe so for the best experience USE WEEKLY TIMEFRAME .
W-bottom
Stochastic RVIBased on the Stochastic RSI but uses RVI (Relative Volatility Index) as source. Another great tool for finding market lows and entry points. This oscillator is also good for finding accurate diversions.
StochasticLSMAIntroducing the worlds first StochasticLSMA. A powerful Stochastic that shows trends and highlights market tops/bottoms. This may be the ultimate tool in locating tops and bottoms on any timeframe.
How to tune the settings:
Depending on what chart you use and what timeframe you are on it may be necessary to dial in the settings to correctly locate the tops and bottoms you wish to trade. Here are some settings to try:
32 < Finds longer term Tops and bottoms.
21 < Great for longer term tops and bottoms on hourly and daily charts.
19 < If 21 is not accurate enough.
17 < If 19 is not accurate enough.
13 <Great setting for short to mid range tops and bottoms and lower timeframes. (default)
11
9
6 < Excellent for finding shorter term tops and bottoms on all timeframes.
*Changing the “Stochastic Price” setting to “hl3” or “low” can help hone in on lows and highs.*
It can be very useful to to use 2 StochasticLSMA indicators with different settings. Here we have two examples how to use multiple indicators on the ETHUSD Daily chart. One set on 13 and the other on 6. A trader can enter on the 6 length indicator and exit on the 13. It also shows how it has the potential to filter out “bad entries” by matching the bottoms.
Example of different length settings.
Alerts:
Overbought: K line crosses over overbought line (Red Dot)
Oversold: K line crosses under oversold line (Green Dot)
Buy Signal: K line is under oversold line and trends up (Green Up Arrow)
Sell Signal: K line is over oversold line and trends down (Red Down Arrow)
Last Chance Sell Signal: As K line leaves overbought line (Yellow Dot)
Last Chance Buy Signal: As K line leaves oversold line (Yellow Dot)
Example of alert signals and trigger enabled in settings
Bottom Touch[Dizart]--------------- ---------------
The indicator determines the bottom in the market, from which a rebound or a global reversal may start with a high probability. Works on any symbol or market.
tuning - If the asset is low volatility, then the price often does not reach the bottom. Adjust the `Bottom Touch` to the closest bottom on the graph.
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Индикатор определяет дно на рынке, от которого с большой вероятность может начаться отскок или глобальный разворот. Работает на любом символе или рынке.
tuning - Если актив низковолатильный, то цена часто не доходит до дна. Отрегулируйте `Bottom Touch` до ближайшего дна на графике.
Chameleon indictor ║Tops and bottoms- This indicator uses a modified type of ADX, that offers a cleaner layout and improved signals. The indicator can be used by traders to identify possible tops, bottoms and changes in trends
- If the purple line moves downward after having been inside of the red line signals that a security possibly can have reached the bottom
- If the purple line moves upward after having been inside of the green line signals that a security possibly can reached the top
- The middle acts as a confirmation of the signal
// I have drawn lines on the chart to give examples of what the signals look like
FAJ Dogepack Combines EMA + RSI indicator
Dieses Script ist eine einfache Kombination aus RSI und EMA.
Es erlaubt euch zu erkennen in welche Richtung der Trend in dem aktuellen
TimeFrame geht und wie stark dieser aktuell ist.
Außerdem zeigt es euch ob gerade eher die Bullen oder die Bären den Markt
dominieren. Mit Hilfe des Indikators lassen sich Top und Bottom des aktuellen
Time Frames erkennen.
Ich Empfehle nur eine Nutzung bei BTC um Wellen besser zu erkennen.
Erinnert euch daran, das ist nur eine Beta und gibt immer noch viele Fehlsignale aus, also testet es für euch selber in verschiedenen TimeFrames.
This script is a simple combination of RSI and EMA.
It allows you to see in which direction the trend is going in the current
time frame and how strong it is currently. It also shows you whether the
bulls or the bears are dominating the market. With the help of the indicator,
the top and bottom of the current time frame can be recognized.
recommended only use in BTC to better detect waves.
remember that it is in beta and still sends many false signals so you have to test it well in several time periods.
Top and BottomThe function of this indicator is to make regions that form top and bottom patterns visible.
Especially beginners, do not know the real formation of a top or bottom. Some taking information only for maximum and minimum.
● The main characteristic of forming a top is to have the current maximum (1) less than the previous maximum (2) and the previous maximum (2) greater than the maximum previous to yours (3).
● The main characteristic of forming a fund is to have the current minimum (1) greater than the previous minimum (2) and the previous minimum (2) less than the minimum prior to yours (3).
These are the main characteristics for forming a top and bottom.
When you know where the top or bottom is, it will help you with the use of Fibonacci and also with breakouts.
Alert: To have the graphic design of the indicator you need to have 3 candles. If the previous maximum is broken, you can remove the drawing. The same goes for the bottom. It can form a new top or bottom.
Catch the Big FishVolume based script to catch a big move. Works best on 5 min timeframe.
The default sma duration for volume is set to 150 = number of candles in 5 mins timeframe for 2 days.
Heavy volume is defined as = more than 9 times of sma.
Both parameters are configurable.
Trading strategy: Long buy at high / Short sell at low of the candle where the script gives the signal.
Important note regarding SL - for Long / Short positions respectively, the SL should be placed at low / high of previous candle, and NOT of the same candle.
TopBot ReversalsThe TopBot Reversal indicator utilizes exhaustion and historical price levels to draw a possible recent top and bottom level. Using these lines together with other directional indicators such as Stochastic or RSI, we can draw a conclusion to a possible reversal at these levels.
Use the link below to obtain access to this indicator.
Catch the Big Fish - by SushilVolume based script to catch a big move. Works best on 5 min timeframe.
Long buy at high / Short sell at low of the candle where the script gives the signal.
Important note regarding SL - for Long / Short positions respectively, the SL should be placed at low / high of previous candle, and NOT of the same candle.
Ethereum: Price Action Integral BandsThis indicator tries to display absolute tops and bottoms for Ethereum. The price action gets integrated with three custom functions resulting in the blue top, green mid and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.
Even during the liquidity crisis in March 2020 with abnormal price movements, Ethereum had no daily or weekly candle close below the support band. For longer-term trades it might be a good idea to buy ETH when price is around the red band, and temporarily sell/go short when ETH is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.
The green mid price action integral band indicates bullish/bearish zones. When price is located above the green band, the market is in a bullish environment, if price lies below it, the market is in a bearish environment.
There's the option to plot or hide the bands individually.
These integral bands are specifically designed for the Ethereum (ETHUSD) Kraken ticker on daily (D) or weekly (W) timeframe (the indicator automatically adjusts for both those timeframes). For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results. If you want to use the integral bands for Bitcoin, please see my other indicator titled 'Bitcoin: Price Action Integral Bands'.
For access please contact me via DM on TradingView or on Twitter (linked in my TradingView profile and my signature).
TOP BOTTOM SIGNALThis script identifies short term top and bottom in all time frames. Symbol "S" means a temporary top has been formed and Symbol "B" means a temporary bottom has been formed.
Bitcoin: Top & Bottom Mini-AlgoHere we have a mini-algorithm that tries to show absolute 4-year-cycle top and bottom zones for the case of the BraveNewCoin Liquid Index (BLX) for Bitcoin on the weekly (W) timeframe by using several oscillators as RSI, VPCI etc. employed with a custom logic. When the background gets red we might be near to a cycle peak, and when it gets green we might be near to the absolute bottom of the current cycle. Note that only absolute top/bottoms are indicated (at least since the end of 2013), so that the current strong drop in March 2020 was correctly not tagged, as it wasn't the lowest price of the current cycle.
It is best to combine this mini-algorithm with some of my boundary indicators for BLX, e.g. "Bitcoin: Price Action Integrals", for confluence . For the next peak one could then watch for the mini-algo to go red and for the price to hit the boundary. You can change the background transparency if you like to have this indicator be more unobstrusive on the chart.
For access please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and my signature).
Cyatophilum Double Top & Bottom [ALERTSETUP]Private Indicator
Version Alpha
The indicator is subject to changes.
This indicator's goal is to help automatically find double top and double bottom patterns.
Its core algorithm uses purely price action and does not use any kind of overbought/oversold oscilator.
To be validated, a double top/bottom must be preceded by a simple top/bottom.
Parallel Channels
To be validated, a double top/bottom must be inside the top/bottom parallel channel. Channels will expire after some time. A channel's range is automatically calculated when changing timeframe or symbol. Channels can be used to trade breakouts after a double top/bottom happened.
Alerts
This indicator allows to create automated alerts in order to receive signals for an event. The available alerts are:
Double Bottom
Double Top
Simple Bottom
Simple Top
Send me a message if you would like to help me test the indicator.
Highs & Lows of Last [x] Bars===========
Highs & Lows of Last Bars
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We have found this indicator invaluable over the past few years - whether you prefer to trade Crypto, Forex, Commodities or something else this indicator could prove really useful. It's always nice to know the highs and lows of the last Week or Month, the problem being the information is only really relevant at the start or end of that chosen time period; throughout the mid-section of that time period the chart will either be displaying irrelevant information or info that has been/is being re-painted. Not good!
Our Highs & Lows of Last Bars Indicator will remove this re-painting problem and display up-to-date information from higher time frames without compromising the integrity of your current chart period.
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Most high & low finder indicators will use, (for example), a 'W' or 'M' as their higher TF to get HTF results - we do things just a little bit differently, it's like this:
Most other High/Low Indicators:
~ MON 1st (get high/low value from 'W' TF) ~
~ MON 8th (get new data and plot from 'W' TF)
etc. - This leads to gaps in the data, re-painting and missing lots of potential mid-week trades.
Our High & Low of Last Bars:
~ MON 1st (get high/low value from LAST 7 DAYS) ~
~ TUE 2nd (get high/low value from LAST 7 DAYS) ~
etc.
This provides a much smoother High/Low plot with more relevant information. You can clearly see areas of support and resistance, updated on the LTF chart using data from a HTF.
Because we've included 2 TF's you can use simultaneously you can see when the lower TF touches the Higher TF this (generally, but not always!) means there's a breakout coming!
Hope this is useful to you guys!
Good Luck and Happy Trading!
Bitcoin: Price Action Integral BandsThis indicator tries to display absolute tops and bottoms for Bitcoin. The price action gets integrated with two custom functions resulting in the blue top and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.
Even in the current liquidity crisis with abnormal price movements, Bitcoin had no weekly candle close below the support band. One thing to note is that in the here presented model, up until now only one single weekly candle touches the blue band in each of Bitcoin's cycles. For longer-term trades it might be a good idea to buy BTC when price is around the red band, and sell/go short when BTC is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.
There's the option to plot or hide the bands individually.
The integral bands are specifically designed for the Bitcoin BLX (BraveNewCoin Liquid Index) ticker on weekly timeframe. For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results.
Cracking Cryptocurrency - Bottom FeederThe Bottom Feeder
The Bottom Feeder is designed to algorithmically detect significantly oversold conditions in price that represent profitable buying opportunities. Combining this with it’s unique Stop and Target System, the Bottom Feeder is designed to return consistent return with minimal draw down. Whether used as a Market Bottom Detector or as a system for executing safe, profitable mean reversion trades, the Bottom Feeder is a powerful tool in any trader’s arsenal.
Bottom Feeder was designed to be used on BTCUSD , however it is also effective on other USD/USDT pairs. One will have to check the individual pair they wish to trade with the Strategy Tester to simulate performance.
Options
Let’s go through the input options one by one, so that you are able to comfortably navigate all that this indicator has to offer. The link below will display a picture of the layout of the settings for your convenience.
For the sake of simplicity, let’s note now that all settings marked **Conservative Mode** will not work in Aggressive Mode.
Mode: Determines how aggressively Bottom Feeder generates a buy signal. In Conservative Mode, trades can only be opened once per candle and the stop and target will update as new signals appear. In Aggressive Mode, a separate trade is opened each time Bottom Feeder signals, which may be multiple times within one Daily candle.
Plot Target and Stop Loss: Toggles on/off the visualized take profit and stop losses on the chart.
**Conservative Mode** TP Multiplier: This is an input box, it requires a float value. That is, it can accept either a whole number integer or a number with a decimal. This number will determine your Take Profit target. It will take whatever number is entered into this box and multiply the Average True Range against it to determine your Take Profit.
**Conservative Mode** SL Multiplier: See above - this will modify your Stop Loss Value.
**Conservative Mode** Average or Median True Range: This is a drop-down option, the two options are Average True Range or Median True Range. If Average True Range is selected, then this indicator will use the Average True Range calculation, that is, the average of a historical set of True Range values to determine the Average True Range value for Target and Stop Loss calculation. If Median True Range is selected, it will not take an average and will instead take the Median value of your historical look back period.
**Conservative Mode** True Range Length: This is an input that requires an integer. This will represent your historical look back period for Average/Median True Range calculation.
**Conservative Mode** True Range Smoothing: This is a drop-down with the following options: Exponential Moving Average ( EMA ), Simple Moving Average ( SMA ), Weighted Moving Average ( WMA ), Relative Moving Average (RMA). This will determine the smoothing type for calculating the Average True Range if it is selected. Note: if Median True Range is selected above, this option will not have any effect as there is no smoothing for a Median value.
**Conservative Mode** Custom True Range Value?: This is a true/false option that is false by default. If enabled, it will override the Average/Median True Range calculation in favor of a users custom True Range value to be input below.
**Conservative Mode** Custom True Range Value: This is an input box that requires a float value. If Custom True Range is enabled this is where a user will input their desired custom True Range value for Target and Stop Loss calculation.
Stop and Target Description
Because Bottom Feeder is designed only to scalp the various market bottoms that can appear over time in the market and not to identify trends or to trade ranges, it’s imperative that the indicator notify us not just to when to enter our trades, but when to exit! In the service of that, CC Bottom Feeder has a built in Stop and Target system that tracks and displays the stop loss and take profit levels of each individual open trade, whether in Aggressive or Conservative Mode.
Conservative Mode Targeting: In Conservative Mode, Bottom Feeder signals are aggregated into a compound trade. The signal will appear as a green label pointing up below a candle, and will appear upon a candle close. If Bottom Feeder then generates another signal the stop loss and target price will be updated. The process will continue until the aggregated trade completes in either direction. On a trade with multiple signals, a larger position is slowly entered into upon each buy signal.
Aggressive Mode Targeting: In Aggressive Mode, Bottom Feeder signals are individually displayed as they are generated, regardless of how many signals are generated on any single candle. If Bottom Feeder continues to signal, each individual open trade will have their own stop loss and target that will be displayed on the chart until the individual trade completes in either direction. As opposed to a large compound position, aggressive mode represents a higher number of independent signals with their own stop and target levels.
Stop losses and targets are designed to be hard, not soft. That is, they are intended to be stop market orders, not mental stop losses. If price wicks through the target or stop, it will activate.
Cracking Cryptocurrency - Bottom Feeder Strategy TesterBottom Feeder - Strategy Tester
The Bottom Feeder is designed to algorithmically detect significantly oversold conditions in price that represent profitable buying opportunities. Combining this with it’s unique Stop and Target System, the Bottom Feeder is designed to return consistent return with minimal draw down. Whether used as a Market Bottom Detector or as a system for executing safe, profitable mean reversion trades, the Bottom Feeder is a powerful tool in any trader’s arsenal.
Bottom Feeder was designed to be used on BTCUSD, however it is also effective on other USD/USDT pairs. One will have to check the individual pair they wish to trade with the Strategy Tester to simulate performance.
Strategy displayed is from 2018-2021 on **Conservative Mode** with Percent of Equity (30%) enabled.
Options
Let’s go through the input options one by one, so that you are able to comfortably navigate all that this indicator has to offer. The link below will display a picture of the layout of the settings for your convenience.
For the sake of simplicity, let’s note now that all settings marked **Conservative Mode** will not work in Aggressive Mode.
Mode : Determines how aggressively Bottom Feeder generates a buy signal. In Conservative Mode, trades can only be opened once per candle and the stop and target will update as new signals appear. In Aggressive Mode, a separate trade is opened each time Bottom Feeder signals, which may be multiple times within one Daily candle.
Position Sizing Strategy : Determines what Risk Management system you will deploy when trading Bottom Feeder. Your options are “Percent of Equity” and “Distance to Stop Loss”. If Percent of Equity is selected, a trade size will be equal to a percentage of your equity, pursuant to the value in the ‘Percent of Equity’ box. If Distance to Stop Loss is selected, then your Position Size will be determined based off the distance to your stop loss and the value in the ‘Risk Percentage’ box.
Percent Of Equity : Determines what percentage of your equity will be allocated to each trade when ‘Position Sizing Strategy’ is enabled.
Risk Percentage : Determines the size of each trade if ‘Distance to Stop Loss’ strategy is enabled. This value reflects what percent of your account you will lose per trade if the trade hits your stop loss.
Plot Target and Stop Loss : Toggles on/off the visualized take profit and stop losses on the chart.
**Conservative Mode** TP Multiplier : This is an input box, it requires a float value. That is, it can accept either a whole number integer or a number with a decimal. This number will determine your Take Profit target. It will take whatever number is entered into this box and multiply the Average True Range against it to determine your Take Profit.
**Conservative Mode** SL Multiplier : See above - this will modify your Stop Loss Value.
**Conservative Mode** Average or Median True Range : This is a drop-down option, the two options are Average True Range or Median True Range. If Average True Range is selected, then this indicator will use the Average True Range calculation, that is, the average of a historical set of True Range values to determine the Average True Range value for Target and Stop Loss calculation. If Median True Range is selected, it will not take an average and will instead take the Median value of your historical look back period.
**Conservative Mode** True Range Length : This is an input that requires an integer. This will represent your historical lookback period for Average/Median True Range calculation.
**Conservative Mode** True Range Smoothing : This is a drop-down with the following options: Exponential Moving Average ( EMA ), Simple Moving Average ( SMA ), Weighted Moving Average ( WMA ), Relative Moving Average (RMA). This will determine the smoothing type for calculating the Average True Range if it is selected. Note: if Median True Range is selected above, this option will not have any effect as there is no smoothing for a Median value.
**Conservative Mode** Custom True Range Value? : This is a true/false option that is false by default. If enabled, it will override the Average/Median True Range calculation in favor of a users custom True Range value to be input below.
**Conservative Mode** Custom True Range Value : This is an input box that requires a float value. If Custom True Range is enabled this is where a user will input their desired custom True Range value for Target and Stop Loss calculation.
From Month/Day/Year to Month/Day/Year : This sets the Time Frame of your backtest for the Bottom Feeder Strategy. It will run FROM the date selected TO the date selected.
Stop and Target Description
Because Bottom Feeder is designed only to scalp the various market bottoms that can appear over time in the market and not to identify trends or to trade ranges, it’s imperative that the indicator notify us not just to when to enter our trades, but when to exit! In the service of that, CC Bottom Feeder has a built in Stop and Target system that tracks and displays the stop loss and take profit levels of each individual open trade, whether in Aggressive or Conservative Mode.
Conservative Mode Targeting: In Conservative Mode, Bottom Feeder signals are aggregated into a compound trade. The signal will appear as a green label pointing up below a candle, and will appear upon a candle close. If Bottom Feeder then generates another signal the stop loss and target price will be updated. The process will continue until the aggregated trade completes in either direction. On a trade with multiple signals, a larger position is slowly entered into upon each buy signal.
Aggressive Mode Targeting: In Aggressive Mode, Bottom Feeder signals are individually displayed as they are generated, regardless of how many signals are generated on any single candle. If Bottom Feeder continues to signal, each individual open trade will have their own stop loss and target that will be displayed on the chart until the individual trade completes in either direction. As opposed to a large compound position, aggressive mode represents a higher number of independent signals with their own stop and target levels.
Stop losses and targets are designed to be hard, not soft. That is, they are intended to be stop market orders, not mental stop losses. If price wicks through the target or stop, it will activate.
RSI Call-outs [BigBitsIO]This is a simple RSI indicator that overlays the current chart to show labels for specified oversold and overbought areas defined with inputs.
It will delete any labels of the same kind within the last 3 candles so you don't see as many labels as you would otherwise.
Red labels with white text represent overbought RSI levels as defined by the user.
Green labels with black test represent oversold RSI levels as defined by the user.
This RSI overlay help easily call-out overbought and oversold candles on a chart without sacrificing screen space for a traditional RSI indicator that is not overlayed on the chart.
Noro's BottomSensivity v0.6 strategy + rsi + AlarmThe original indicator is Noro's BottomSensivity v0.6
I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy.
I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market.
I have tried to insert an alarm so that I can be notified when this particular purchase condition is formed.
I also tried to insert an additional filter that would allow me to make further pyramid purchases only after a certain percentage of drawdown from the first entry so as to reduce the average purchase price but I was not able ... if someone could implement this I would appreciate it.
Well..this is the first time that I try to program / modify a strategy / indicator, there are certainly some gross errors (as in my English too), please forgive me, I will appreciate the corrections that more experienced users will want to make.
I wish you all a good day, pfjons
Expansion Top/Bottom (Expo) Expansion Top/Bottom (Expo)
DESCRIPTION
Expansion Top/Bottom (Expo) indicator is a powerful oscillator that visualizes temporary Top/Bottom as well as trend shifts. When the market moves boldly a histogram will be formed in the indicator which indicates that the movement might be at its end. It's always a great idea to lock in some profit when we get these histograms. These ‘Lock-in’ profits points are visualized by a cross.
The professional trader has the ability to adjust the length of the calculation. A longer length means that the indicator spots broader market shifts. A short length means that the indicator spots temporary tops/bottoms.
Use the indicator in combination with other signals and analysis techniques.
HOW TO USE
1. Use the indicator to identify temporary tops/bottoms.
2. Use the indicator to identify broader tops/bottoms.
3. Use the indicator to visualize the trend.
4. Use the indicator to visualize ‘Lock-In’ profit points.
INDICATOR IN ACTION
Short length (Length = 14)
BTCUSD
EURUSD
BRENT
BRENT
BTCUSD
Long length (Length = 50)
BRENT
EURUSD
BTCUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below.
• I have started to publish private scripts which are not visible on my profile. However, if you're interested to know more about these scripts, drop me a message at my webpage and I will show you these scripts as well. The rationale behind publishing these scrips as private is that I don't want them to be indexed in search engines.
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
potential top bottom finderpotential top bottom finder
long is start of accumulation / buying
short is start of distribution / selling
Epic Market Indicator 2.0 (EMI 2)After months and months of back-testing, I have finally decided to release this update. Would also like to give out a special thanks to Tradingview for making it possible to create scripts and share this with the community. I have occurred a lot of information in this community. I believe that when you take, you should also share. That’s why I am sharing this wonderful indicator for free. Remember, knowledge and experience is the most valuable things in life.
EMI, Epic Market Indicator:
60-74% theoretically profitable trades, depending on the time period. However if you use EMI blindly, the percentage might even go lower. Nevertheless, there should be enough presenting opportunities, if you use her wisely.
This indicator is a combination of different oscillators:
Common:
-MACD
-VWAP
-RSI
-Stochastic
-Volume Flow
-Buy & Sell signals
-Bottom & Top signals
-Volume Flow heat map
RSI turns green or red when entering overbought or oversold territories.
Dots on wave crossings are buy or sell signals.
Diamonds above are possible bottoms and tops.
Green = Bull signals
Red = Sell signals
These signals are buy & sell conditions based on different oscillators, known by many traders.
ALWAYS wait for the candle to close and another confirmation before taking any consideration nor actions. No signals means trend continuation.
Using EMI 2 in combination with EMI 1, traditional authentic pattern formations and darkened theme is recommended. Good luck fellow traders and don't forget to tap the like button. Thanks in advance.
