dynismaux

Market Cipher B [WEA] Beta + WT Divergences + MFI RSI Area

This is an attempt to automate the search for divergences in the wavetrend indicator, I publish it separately because I am not going to modify it anymore.
Informacje o Wersji: Fixed big red dot condition
Informacje o Wersji: Added golden buy dots
RSI Divergences drawed
Informacje o Wersji: Divergence testing
Informacje o Wersji: More divergence precision
Informacje o Wersji: Some divergence testing
Alerts added for:
- Buy/Sell big circles
- Buy/Sell + Divergence WT/RSI
- Gold Circle Buy
Informacje o Wersji: Purple divergence WT/RSI dots changed
Informacje o Wersji: Divergence cross fix
Informacje o Wersji: MFI+RSI Area improved
Informacje o Wersji: Divergence adjusted
Informacje o Wersji: Option for show/hide divergences
Orange dots now appears after divergence
Green dots after divergence more visible
RSI Divergences hidden by default
Informacje o Wersji: Code cleaned a little bit.
'Hidden divergences' added but they are hidden by default.
Now you can disable OS/OB Limits for Hidden divergences.
Colors of rsi, wavetrend and divergences changed.
Stochastic RSI added, hidden by default, check options.
Tested on 2h, 4h timeframe
Informacje o Wersji: Option show/hide vwap, mfi+rsi area & bar.
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Hi, Great work. Thank you for the putting this together. I get 4h alerts and would like to know whats it set for ?
Odpowiedź
Thank you! Just hit the Following button ;)
+1 Odpowiedź
This is awesome!
1 thing would make this even better - Highlight the background of the indicator RED or Green according to MACD crosses up or down :)
+2 Odpowiedź
There is a difference in money flow index compared to Market Cipher.
+5 Odpowiedź
@Thunderr, there is a way to have a money flow index similar like market cipher
Odpowiedź
jony09 quemilanga
@quemilanga, Which way ?
Odpowiedź
@jony09, Check my script of market cipher B without divergences. I updated the MFI area, seems to be near the same as original.
Odpowiedź
jony09 dynismaux
@dynismaux, thanks
Odpowiedź
Thunderr dynismaux
@dynismaux, updated version of MFI is much better now but a little bit different still. Timing when green and red wave starts is almost perfect when RSI+MFI period equals 60 but noticeable difference I see is in red wave thickness. When I'm rising RSI+MFI area multiplier green wave is growing ok in terms of thickness but red wave is still to thin for some reason.
Other than that you did a great job man. Your version of MC is really good.
+2 Odpowiedź
Lij_MC dynismaux
@dynismaux, is this reflected in this current script update 5 october?
+1 Odpowiedź
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