ChitukiProduced according to Bitcoin and Ethereum 1D, 1W, and 1M candle charts.
When you use it for general stock charts or altcoins, make sure to backtest it thoroughly before using it.
*To facilitate backtesting, this have a vertical line that allows you to easily specify the start time.😍
This indicator is simply based on the Engulfing patterns.
I focused on finding inflection points and wrote them based on 1D chart.
▲▼ Small and fat arrows: Displays simple engulfing patterns.
(Displays only those whose lengths differ by at least 1.2 times from each other)
↑↓ Slim and long arrows: Displays actual trading. (Backtesting reflects this.)
Compare the 7 lowest points to find the bullish Engulfing .
Compare the 14 highest points to find the Bearish Engulfing .
Switch the long and short positions to each other.
Long/short position entry at the market price, mid-price, and closing price of Engulfing Candles.
The charts from 2014 to January 2023 were back-tested and the error ranges were calculated and adjusted in detail.
In conclusion, you can think of it as an Engulfing Pattern Finder tailored to the Bitcoin chart.
This is how I did trading before I made this indicator, and I programmed the trading method as an indicator and I think it's pretty reliable but...
Please don't blindly trust ONLY the indicator(s).
///Properties setting Recommend///
Base currency : USD
Oder size : 18% of equity
Pyramiding : 21 (in plenty / Bcuz one deal is divided into three times.)
Commission : according to the exchange's commission
Recalculate : None
Margin : never less than 50%
1d
60-Day Accumulated Increasing RateIs this Bitcoin bull run still driven by new investors and new funds? Definitely. That’s why the 60-day accumulative increasing rate is so important and it can even determine everything. The only thing that can be trusted is the math. In history, each capital inflow uptrend bull run has ended once the 60-day accumulative increasing rate reached a high level and when the short-term euphoric investors push BTC price to rise at a fast speed and use up all kinds of leverages. At that point, there’s no time for new investors and new funds to flow in, thus the cryptocurrency market will crash from the global top.
In that sense, the crashes on 4th September, 2017 and 19th May, 2021 didn’t end the bull run, instead,they lengthened the bull run span.The last bull run cycle (2017) might have ended prematurely when BTC reached $10,000, recording 150% accumulated increase over 60 days. Then BTC won’t be pumped up to $20,000 if the course wasn’t interrupted by September 4th, 2017 incident.
Technical analysts(they are far from trustworthy, full of bollocks) call the correction of BTC: “consolidation or wipeout”, just like that diabetes is called as Liver Qi Stagnation, weight lossing, being thirsty and other symptoms. It’s quite fun to watch so many people explaining it in a false concept. Everyone knows what the maths is. That’s enough.
PS: This indicator can only be applied to Bitcoin daily chart!
Custom Timeframe Indicators(MA,EMA,BB) [CryptoProSignal]This is a combination of 3 types of indicators :
1) Simple Moving Average
2) Exponential Moving Average
3) Bollinger Band
Idea is to plot any of the above indicator with a particular period length from a different timeframe to the timeframe on which you are currently working.
eg : As shown in the chart we have indicator plots from daily timeframe plotted/shown on the current 4hr time frame .
Similarly, you can have indicator plots from 4hr timeframe to be shown on any other timeframe and so on.
Basically you can select plots from any timeframe to work with on any other timeframe of your liking .
Not a rocket science, just play around with it and you will understand :)
