Trend Identifier for 1D BTC.USD It smoothens a closely following moving average into a polynomial like plot. And assumes 4 stage cycles based on the first and second derivatives. Green: Bull / Exponential Rise Yellow: Distribution Red: Bear / Exponential Drop Blue: Accumulation
Red --> Blue --> Green: indicates the start of a bull market Green --> Yellow --> Red: indicates the start of a bear market
Green --> Yellow: Start of a distribution phase, take profits Red --> Blue: Start of a accumulation phase, DCA
@ducmba, Thanks a lot!! I suggest using "Accumulation/Distribution Bands & Signals", "Trend Identifier" and "Exponential Top and Bottom Finder" simultaneously on the 1D BTC BITSTAMP graph. If at least two of them signals at the same time for a bottom, I start DCA'ing .
ducmba
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Perfect !!
Money_Mindsetter
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Absolutely love this indicator! For my own personal preference I changed it from a line to a histogram because for me it's easier to read but all around one of the best entry/exit tools for day trading. Thanks man!(I'm sure it works for swing and scalping also) I pair it with a MA30 and +AO and I've been on the best run since trading.
kevinlee1238
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How to set alert ? Can we set alert about changing colours?
spacekadet17
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@kevinlee1238, I also have a published strategy of this indicator called "Trend Identifier Strategy", you can create a copy of the code and modify it/create alerts to your liking. Here is an example from the code for the buy signals: ( ( ((tcolor[1] == red and demaema<0.02) or (tcolor[1] == blue and demaema < 0.02) or (tcolor[1] == yellow and demaema>-0.02) ) and tcolor == green) or (tcolor[1] == red and tcolor == blue and demaema < -0.01) ) and index<85 and ind<0.4)
It is basically signalling a buy when it changes from any color to green or red to blue. But there are prerequisite conditions such as that "index" shouldn't be too high because that would mean you are buying the top.
jvckvmuno
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Space kadet this is a great trend indicator, i have found very useful on a longer timeframe
EA55
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In my humble opinion a repainting indicator keeps changing its values using candles to the right to come up with the entry signals. Therefore it can not be used for historical data or backtesting because its lying. Such indicator changes its values as new candles are formed. In other words when you look at its historical values you are not looking at how they were at that time, you are looking at a new version, that has been adjusted to the most recent candles. If THIS indicator is really repainting than it cheats you. It looks great at the backtest but it can not be used vor life trading. Unfortunately I don't know how to identify a repainting indicator and I don't know if the 'Trend Identifier' is such a useless indicator or not. Maybe someone knows that?
spacekadet17
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@EA55, why would you think that it repaints? It does not and cannot use any live candle value as it only uses closed candle values. Besides, this is a long term indicator, so you check it after day close, repainting is not a valid issue here even if it were to use live candles which it doesn't.
EA55
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@spacekadet17, Thank you for the clarification. I just wanted to be sure. I find this indicator very, very valuable and would like to incorporate it into my strategy. Thanks for your reply and thanks for this great indicator.