The Crypto Indicator gives you a true picture of the market entry points, after a scan it does every period (after every candlestick closes) . It is pretty straightforward in its use with clear visual representation of the entry and exit points provided by the indicator. This allows you to make improved entry and exit points and accommodates many trading styles, systems, and strategies. It will work along most TradingView indicators and the timeframes we recommend you using it in are the 1H and sometimes the 4H chart. The specific components of the indicator are:
Methodology:
The indicator uses a MACD oscillator to determine the local trend direction and to give buy & exit signals when its conditions are met.
An optional TradingView indicator, exponential moving average cross (EMA cross), can be used to filter out 'false' signals.
The calculation of the entry points are drawn from specific different prices for every one of the coins hardcoded in the script, and the filter function in the indicator settings, allows the user to change those prices based on the coin he is currently watching, based on the specific coin it is chosen in the filter.
Persistent variables are used for buy and exit prices, enabling color-coding of the signals (profitable or not).
Features:
Color coded labels - Buy, Exit = purple
Two types of entries - Bull Buy = green, Bear Buy = orange
Coin filter
Buy signal alerts
Remarks: In our experience and therefore recommendation, the values used for each crypto coin work best on the 1-Hour timeframe. We encourage everyone to experiment, but the best results we had, were on this specific timeframe or higher. Using the indicator on non-standard charts (Heikin Ashi, Renko etc.) can produce unrealistic results.
- Thanks to John Aslanis and Alexandros Temelkou the idealists and creators of this indicator.
Use the link below to watch a tutorial video, request a trial, or purchase for access:
Informacje o Wersji
⋅
Updated the precision of the script, raising the posibility of getting a Buy signal.
Informacje o Wersji
⋅
Opened up "Default" mode, so now you can see all entry points without a specific coin filter (trade with care and under our instructions from our walkthrough video). Updated the filter prices for BTC, ETH, BNB, CAKE, AAVE, MANA, ENJ, DIA for better "Bear Buy" signals.
Informacje o Wersji
⋅
Updated the alert section of the script, now they include "EXIT" signal alerts so you could be notified when to exit a trade.
Informacje o Wersji
⋅
Updated the script with two new indications, a Blue "Buy" and a Red "Exit", that give you the choice of filtering your entries and exits in the market. Those two new indications can either work along with the old ones or, via the settings of the indicator, you can choose to use them alone. Updated the filter prices for BTC, ETH, BNB, CAKE, AAVE, MANA, ENJ, DIA for better "Bear Buy" signals. Updated the alert section of the script, to include the new Blue "Buy" and Red "Exit" signal alerts .
Hello, I would like to congratulate you for the effort.
What I need to mention is that I need information regarding settings for the algorithm and for the rest indicators as well.
Each indicator you are using have specific settings and colors. These settings need to be identical in order to be followed according to my opinion.
So what I propose is to have a page dedicated (perhaps at crypto advanced pro) as a tutorial of all the indicators you are using with the settings and colors. There is a page at crypto advanced pro, for the algorithm, that seems to be outdated already (please correct me if I am wrong).
The work of yours is great, but the information of how to, is given at various media, by videos, telegram, crypto advanced pro page and so on.
It is not in concentrated in one place in order to be easy for someone to make the setup and to be always up to date.
Regards
WOTS4
⋅
Hello @Panak09 and thank you for your feedback on our effort.
You are correct that we don't have the needed information in one place as a whole, but trust me our team is working on updating the existing algorithm along with creating even a new one!
Of course we will build a page dedicated to our algorithms with full info on them.
Although the information needed is given via our trading academy, in collaboration with the WOTS academy, I can post it here too.
As you will see it is quite straight forward and not much is needed to be said.
So, what you see and what you need to know is that at each BUY signal (either green color or orange) you enter the market.
When you get your Purple "Exit" signal, what we propose is to raise your Stop Profit to the given price and not close it immediately, cause in that way raise your possibility of gaining more profit.
Now, after todays release notes, you will see two new indications, the Blue "Buy" and the Red "Exit" one.
Those work together as the above.
i.e.: you enter the market when you get the Blue "Buy" indication and you either close your position when you get the Red "Exit" one or as we propose you raise your Stop Profit to, maybe, gain even more profit from that position.
Thank you again for your feedback and we are here for any further questions you may have.
Panak09
⋅
@Foteini, Thank you for your reply.
Definitely what is needed is all the information and all the settings regarding all the indicators you use (ema cross, smma, crypto advanced pro, chop lrsi, macd and so on) to be in on e place that it is going to be up to date all the time. Instructions for the settings for each one of the indicators will be highly appreciated in order to <<copy>> all the settings and colors you are using at the trading reports and at the videos.
Thank you for your understanding.
Regards,
Panagiotis
Nikos85
⋅
For Exit signal doesn't have alarm choice, i removed and reinstall the indicator but nothing changes
WOTS4
⋅
@Nikos85, we are going to implement the exit alert in the next release notes. Thank you for you input.
TraderCK_
⋅
I removed the indicator and installed again with the default mode, but now I dont have any buy sell flag... what can I do?
WOTS4
⋅
@Crypto_Swift, I think you can use the full potential of the indicator now? There was a bug and it was fixed. Do you have any more issues?
TraderCK_
⋅
@Foteini, All good now
sosoulaci
⋅
I dont know if i made a mistake. its only ethereum chart. Also i cant fix the instructions exactly because seems doesnt exists exactly. Thank you.i need help.
WOTS4
⋅
@sosoulaci, you have to press the "gear" icon and select the current coin you have on chart view every time!
For the instructions what seems to be the problem?
What I need to mention is that I need information regarding settings for the algorithm and for the rest indicators as well.
Each indicator you are using have specific settings and colors. These settings need to be identical in order to be followed according to my opinion.
So what I propose is to have a page dedicated (perhaps at crypto advanced pro) as a tutorial of all the indicators you are using with the settings and colors. There is a page at crypto advanced pro, for the algorithm, that seems to be outdated already (please correct me if I am wrong).
The work of yours is great, but the information of how to, is given at various media, by videos, telegram, crypto advanced pro page and so on.
It is not in concentrated in one place in order to be easy for someone to make the setup and to be always up to date.
Regards