Moving Averages & Bollinger Bands by CSerCombination of Bollinger Bands (20, close, 2) and EMA (20), SMA (50) and the default MA (9) with the addition of crosses for EMA and SMA for quick decisions. Let me know your thoughts, corrections and/or additions.
Trading
Crypto Signals Bot - AutoTrader IndicatorVery excited to release our new fully automated trading bot specifically for Bitcoin.
We use this system with AutoView to trade on Bitmex and it is specifically designed for Bitcoin on the 2 Hour charts.
It includes everything you will need:
AutoTrader Strategy
AutoTrader Indicator
All Alerts Syntax for AutoView
This has been producing amazing results and is a fully automated trading system that will take buys (long) and sells (short) on Bitcoin with supported crypto exchanges.
To signup, go to this URL: www.cryptosignalsbot.com
Crypto Money Trader - Indicator for Buy and Sell SignalsThis is it... the one that many have been waiting for.
We have taken everything we have learned from the Crypto Money Index and Crypto Money Bot and combined it into the best indicator possible for trading crypto currencies. This version also includes logic for shorts (sell) and another criteria for longs (buys).
The code is cleaner as well so there is less signal noise and more precise entries.
Before we released this script, we did backtesting on all the current supported USD pairs for optimal results.
Here is one set of results for BTC on 2 hour chats using $5,000 starting balance, 1 trade at once maximum, and 1 contract size:
www.cryptosignalsbot.com
Net Profit: $25,582, 511.64%
Total Trades: 17
Percent Profitable: 70.59%
Profit Factor: 4.304
Maximum Downdraw: $6,629
AvgTrade: $1,504.82, 30.1%
These results get even crazier when you get into settings where you can have 4 trades at once - beyond 700% return... crazy...
The indicator also includes alerts that you can setup so you are aware when a Buy or Sell signal is triggered. Just set an indicator alert for the Trigger Buy or Trigger Sell greater then a value of 0 and you will always know when it is time to look at the charts.
--== STRATEGY ==--
You can combine this indicator with other indicators in your strategy. Many of our most successful users of our previous scripts do just that as it helps them tune a perfect time for an entry.
Personally, we use the indicator and simple trendline entries. When a Buy or Sell triggers, draw a trendline and support / resistance lines and enter on a breakout. That's it.
Please note: this is not a "buy it or sell it now" kind of indicator. Sometimes it will signal a few hours early before a move.
--== SUPPORTED PAIRS ==--
We are always adding pairs, but as of February, 2018 this is our supported USD based pairs: BTC, ETH, LTC, XRP, NEO, BCH, IOT, EOS, BTG, ETC, ETP, OMG, EDO, ZEC, XMR, TRX, SAN, DSH, SNG
--== TELEGRAM CHANNEL ==--
All subscribers to this indicator will get access to our Exclusive Telegram Group where all the signals are analyzed and posted for you to see how we are playing the calls. You can either use this to learn how we use the indicator, or to trade from (at your own risk of course).
The alerts are all posted in this channel automatically and only the timeframes with the highest returns from extensive backtests are posted here automatically. However, we will sometimes post analysis on other timeframes as well.
--== BONUS ==--
As a subscriber, not only do you get this amazing indicator, but as a subscriber you will get access to our Crypto Money Index and the Crypto Money Bot
--== ACCESS ==--
Access is simple, go to our new website and register: Crypto Signals Bot
We will work to get you access to everything as quickly as possible. If you have any issues or questions, use the contact form on the website.
Strategy for Binary Options Signal R.T № 2
Описание на русском см.ниже
This is a strategy for binary options. You can work on all TF and currency pairs, but the settings are more adapted for TF M5. TF 3. TF 1. The strategy consists of a set of indicators access to which you can get from me (See my scripts)
The levels of support and resistance are drawn automatically which is very convenient for beginners.
If you strictly adhere to the recommendations and work within the framework of this strategy, the percentage of positive deals is about 80%. The strategy is designed to work at equal rates without the participation of martingale and as consequences with minimal risks.
If you are interested in this script, then to get access to the test period, write me in private messages! (comments rarely look better write in private messages)
Everything is shown in great detail in the photo below!
Signal for purchase 1
1. there was a signal to buy on the chart
2. red dots appeared on the two indicators below the graph.
3. The signal line on the two indicators below the graph went beyond the colored area.
4. entrance to one candle for 2-3 seconds before closing, depending on the chosen T.F (T. F. = transaction time)
Signal for purchase 2
1. the signal line on the two indicators below the graph simultaneously sharply went beyond the colored zone. (use only in lateral price movement)
2. entrance to one candle for 2-3 seconds before closing, depending on the type of TF you chose (TF = transaction time)
Sell signal
Special attention! How to act when a long trend! (Look at the photo)
Русская версия .
Это Стратегия для бинарных опционов. Можно работать на всех ТФ и валютных парах, но настройки более адаптированы для Т.Ф М5 . Т.Ф 3. Т.Ф М 1. Стратегия состоит из комплекса индикаторов доступ на которые можно получить у меня ( Смотрите мои скрипты )
Уровни поддержки и сопротивления рисуются автоматически что очень удобно для новичков .
Если строго придерживаться рекомендаций и работать в рамках данной стратегии процент положительных сделок около 80 % .Стратегия рассчитана на работу равными ставками без участия мартингейла и как следствия с минимальными рисками .
Если вам интересен данный скрипт то для получения доступа на тестовый период пишите мне в личные сообщения ! ( комментарии смотрю редко лучше пишите в личные сообщения )
Всё показано очень подробно на фото ниже!
Сигнал на покупку 1
1.появился сигнал покупать на графике
2.появились красные точки на двух индикаторах под графиком .
3. сигнальная линия на 2 индикаторах под графиком вышла за окрашенную зону.
4.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
Сигнал на покупку 2 ( точно так же с сигналом на продажу)
1. сигнальная линия на 2 индикаторах под графиком одновременно резко вышла за окрашенную зону. ( использовать только в боковом движении цены )
2.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
Сигнал на продажу
Особое внимание! Как нужно действовать при затяжном тренде ! ( Смотрите на фото)
По вопросом доступа пишите в сообщения !
Strategy for Binary Options Signal R.T № 1
Описание на русском см.ниже
This is a strategy for binary options. You can work on all TF and currency pairs, but the settings are more adapted for TF M5. TF 3. TF 1. The strategy consists of a set of indicators access to which you can get from me (See my scripts)
The levels of support and resistance are drawn automatically which is very convenient for beginners.
If you strictly adhere to the recommendations and work within the framework of this strategy, the percentage of positive deals is about 80%. The strategy is designed to work at equal rates without the participation of martingale and as consequences with minimal risks.
If you are interested in this script, then to get access to the test period, write me in private messages! (comments rarely look better write in private messages)
Everything is shown in great detail in the photo below!
Signal for purchase 1
1. there was a signal to buy on the chart
2. red dots appeared on the two indicators below the graph.
3. The signal line on the two indicators below the graph went beyond the colored area.
4. entrance to one candle for 2-3 seconds before closing, depending on the chosen T.F (T. F. = transaction time)
Signal for purchase 2
1. the signal line on the two indicators below the graph simultaneously sharply went beyond the colored zone. (use only in lateral price movement)
2. entrance to one candle for 2-3 seconds before closing, depending on the type of TF you chose (TF = transaction time)
Sell signal
Special attention! How to act when a long trend! (Look at the photo)
Русская версия .
Это Стратегия для бинарных опционов. Можно работать на всех ТФ и валютных парах, но настройки более адаптированы для Т.Ф М5 . Т.Ф 3. Т.Ф М 1. Стратегия состоит из комплекса индикаторов доступ на которые можно получить у меня ( Смотрите мои скрипты )
Уровни поддержки и сопротивления рисуются автоматически что очень удобно для новичков .
Если строго придерживаться рекомендаций и работать в рамках данной стратегии процент положительных сделок около 80 % .Стратегия рассчитана на работу равными ставками без участия мартингейла и как следствия с минимальными рисками .
Если вам интересен данный скрипт то для получения доступа на тестовый период пишите мне в личные сообщения ! ( комментарии смотрю редко лучше пишите в личные сообщения )
Всё показано очень подробно на фото ниже!
Сигнал на покупку 1
1.появился сигнал покупать на графике
2.появились красные точки на двух индикаторах под графиком .
3. сигнальная линия на 2 индикаторах под графиком вышла за окрашенную зону.
4.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
Сигнал на покупку 2 ( точно так же с сигналом на продажу)
1. сигнальная линия на 2 индикаторах под графиком одновременно резко вышла за окрашенную зону. ( использовать только в боковом движении цены )
2.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
Сигнал на продажу
Особое внимание! Как нужно действовать при затяжном тренде ! ( Смотрите на фото)
По вопросом доступа пишите в сообщения !
Strategy for binary options Signal for a trend reversal vol.2
Описание на русском см.ниже
This is a strategy for binary options. You can work on all TF and currency pairs, but the settings are more adapted for TF M5. TF 3. TF 1. The strategy consists of a set of indicators access to which you can get from me (See my scripts)
The levels of support and resistance are drawn automatically which is very convenient for beginners.
If you strictly adhere to the recommendations and work within the framework of this strategy, the percentage of positive deals is about 80%. The strategy is designed to work at equal rates without the participation of martingale and as consequences with minimal risks.
If you are interested in this script, then to get access to the test period, write me in private messages! (comments rarely look better write in private messages)
Everything is shown in great detail in the photo below!
Signal for purchase 1
1. there was a signal to buy on the chart
2. red dots appeared on the two indicators below the graph.
3. The signal line on the two indicators below the graph went beyond the colored area.
4. entrance to one candle for 2-3 seconds before closing, depending on the chosen T.F (T. F. = transaction time)
Signal for purchase 2
1. the signal line on the two indicators below the graph simultaneously sharply went beyond the colored zone. (use only in lateral price movement)
2. entrance to one candle for 2-3 seconds before closing, depending on the type of TF you chose (TF = transaction time)
Sell signal
Special attention! How to act when a long trend! (Look at the photo)
Русская версия .
Это Стратегия для бинарных опционов. Можно работать на всех ТФ и валютных парах, но настройки более адаптированы для Т.Ф М5 . Т.Ф 3. Т.Ф М 1. Стратегия состоит из комплекса индикаторов доступ на которые можно получить у меня ( Смотрите мои скрипты )
Уровни поддержки и сопротивления рисуются автоматически что очень удобно для новичков .
Если строго придерживаться рекомендаций и работать в рамках данной стратегии процент положительных сделок около 80 % .Стратегия рассчитана на работу равными ставками без участия мартингейла и как следствия с минимальными рисками .
Если вам интересен данный скрипт то для получения доступа на тестовый период пишите мне в личные сообщения ! ( комментарии смотрю редко лучше пишите в личные сообщения )
Всё показано очень подробно на фото ниже!
Сигнал на покупку 1
1.появился сигнал покупать на графике
2.появились красные точки на двух индикаторах под графиком .
3. сигнальная линия на 2 индикаторах под графиком вышла за окрашенную зону.
4.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
Сигнал на покупку 2
1. сигнальная линия на 2 индикаторах под графиком одновременно резко вышла за окрашенную зону. ( использовать только в боковом движении цены )
2.вход на одну свечу за 2-3 секунды до закрытия в зависимости от выбранного вами Т.Ф ( Т.Ф = время сделки )
2.
Сигнал на продажу
Особое внимание! Как нужно действовать при затяжном тренде ! ( Смотрите на фото)
EMA / SMA / MA by CSerCombination of EMA (20), SMA (50) and the default MA (9) with the addition of crosses for EMA and SMA for quick decisions. Let me know your thoughts, corrections and/or additions.
Signal for a trend reversal
This is an indicator for binary options. You can work on all TF and currency pairs, but the settings are more adapted for TF 5 and TF 3. It is recommended to use it in conjunction for more efficient signals with my other scripts (See my scripts)
The signal is when the line is out of bounds on all three indicators (the input is 2-3 seconds before the candle closes, the expiration time per candle, depending on the chosen TF) is the best signal when an alert appears on the chart (buy or sell)
The levels of support and resistance are drawn automatically which is very convenient for beginners.
If you strictly adhere to the recommendations and work within the framework of this strategy, the percentage of positive deals about 80% is calculated for work by equal rates without martingale participation and as consequences with minimal risks!
If you are interested in this script, then to get access to the test period, write me in private messages!
Это Индикатор для бинарных опционов.Можно работать на всех ТФ и валютных парах, но настройки более адаптированы для ТФ 5 и ТФ 3 Рекомендуется использовать в связке для более эффективных сигналов с другими моими скриптами ( Смотрите мои скрипты )
Сигналом является когда линия выходит за границы на всех трёх индикаторах ( вход за 2-3 секунды до закрытия свечи, время экспирации на одну свечу в зависимости от выбранного тф ) наилучшим сигналом является когда на графике появляется алерт ( покупать или продавать)
Уровни поддержки и сопротивления рисуются автоматически что очень удобно для новичков .
Если строго придерживаться рекомендаций и работать в рамках данной стратегии процент положительных сделок около 80 % рассчитан на работу равными ставками без участия мартингейла и как следствия с минимальными рисками !
Если вам интересен данный скрипт то для получения доступа на тестовый период пишите мне в личные сообщения !
BB/StochRSI Strategy Backtest For Crypto BotThumbs Up for access
Buy is triggered when the price reaches chosen percent of lower Bollinger Band, Stoch RSI is oversold and there's a K/D signal crossover. The exit is when StochRSI is Overbought or K/D Crossover (toggle) AND/OR (toggle) price is greater than or equal to Top or Mid Bollinger Band (toggle).
Use 15m charts. It works excellent for consolidating/sideways markets and good for bullish impulsive moves but takes losses during impulsive downside market moves.
Results will be better in real-time. The script calculates the price based on the close, but a bot would calculate in real-time. Entries would be better. I recommend manually testing the strategy by using the "Date and Price Range" tool in TradingView.
I'll share the source code to those who wish to collaborate for improving profitability.
Genesis Matrix Trading SystemThe original code and strategy was developed by "realjumper" for Metatrader 4:
www.forexfactory.com
The 5-15 Genesis Strategy and Genesis Summary PDF
www.forexfactory.com
EMA is configured as follows:
Length: 5
Source: hlc3
Offset: 2
Please always remember, there is no holy grail indicator!
Crypto Money Bot - Trading Bot for Bitcoin (BTCUSD)This takes my previous script, adds even more logic conditions, and sets up long and short entries in a strategy that can trade.
Default settings with a $5,000 starting balance have shown this bot to get the following results:
Net Profit: $ 10302.70 / 206.05 %
EXAMPLES
LOGIC
This indicator looks for accumulation of buying and selling along with trend flows for oversold and overbought opportunities to align the trade entries. It does not trade all the time, but when it does pull a trade the success rates are higher.
You could choose to pair this with another indicator to do a manual entry, or to manage your stop losses and money management strategy.
PROOF
Check out the reviews on the original indicator that this is built upon (and more logic) is here:
NOTES
You can try this strategy on other charts if you want, it is only tested and supported on BTCUSD. To try it on ETHUSD, change the settings from BTC to ETH. If you get a "resolve_error" it means that specific coin is not supported.
ACCESS
If you'd like to use my custom indicator - send 0.05 BTC to 32Hagdtq7PCR4inF4ZPkCReEjyecm2eNaP then email me at samurai_crypto@protonmail.com with your TradingView username and your transaction ID and I will add you.
Costs are lifetime with full support via email on how to use it.
MTF RSIHello traders, I am happy to share with you my latest indicator I have developed. It's called " MTF RSI ".
The core idea of the EA is to get the average of RSI value of multiple timeframes, current , 3x and 6x of current time frame, and calculate a more accurate RSI value which will indicate more clear oversold or overbought levels that rsi has reached.
It is believed that when there is a convergence of the same indicator in multiple time frames, it is more likely traders will obtain a valid signal.
Besides the averaged RSI, an EMA of period of 14 is added to this EA. Traders can make use of crossing signals to kick off their trade decisions.
Please provide feedback on how I can improve this indicator and provide better quality signals. Thank you
Ultimate Trend Strength Moving AveragesHi , this is lonelygrass. Since the day I joined Tradingview, I decided to challenge myself and to code at least one indicator every single day. Keep grinding, stay focused and everything will pay off.
It is called "Ultimate Trend Strength Moving Averages" .
I have taken several factors to write this moving average indicator, adx ,bar location (above/below the moving average), open v close, to name a few.
It is meant to let users know the current market trend in a timely order. I can say that this will be one of the most practical indicators for intraday, swing and other kinds of trading.
Users can select the sort of moving average they would like to use, such as SMA, EMA, WMA and VWMA, and just change the time span you want to look at! Blue color signalizes an uptrend while pink color signalizes a downtrend. Let's utilize it to its fullest.
Happy trading! Stay tuned!
Technology-Adjusted Parabolic Stop and Reverse (TAPSAR)Finally, a more accurate PSAR is here!
Request access in the comments.
This PSAR will show up, and stick around when a majority of the Technology companies in the index below conform in the same direction.
The TAPSAR can be applied to any technology company and ANY time-frame!
This Tech-Index consists of the largest technology companies on the NASDAQ stock exchange that are similar in subsector.
1. Apple Inc (NASDAQ:AAPL)
Market Cap: $888.06B
Subsector: Computer Manufacturing
2. Alphabet Inc (NASDAQ:GOOGL)
Market Cap: $738.53B
Subsector: Computer Software: Programming, Data Processing
3. Microsoft Corporation (NASDAQ:MSFT)
Market Cap: $654.81B
Subsector: Computer Software: Prepackaged Software
4. Facebook Inc (NASDAQ:FB)
Market Cap: $529.9B
Subsector: Computer Software: Programming, Data Processing
5. Oracle Corporation (NASDAQ:ORCL)
Market Cap: $204.54B
Subsector: Computer Software: Prepackaged Software
6. International Business Machines Corporation (NASDAQ:IBM)
Market Cap: $141.16B
Subsector: Computer Manufacturing
Thick Blue lines beneath the price indicate a change in direction, and momentum up.
Thick Red lines above the price indicate a change in direction, and momentum down.
UPDATE: The lines will become thicker with confidence of movement.
This indicators holds three editable parameters:
1. "Start" - The starting value for the Acceleration Factor (.02 is the Default).
2. "Increment" = The increment in which the Acceleration Factor will move (.02 is Default).
3. "Max" - The maximum value of the Acceleration Factor (.20 is the Default)
Technology-Adjusted Parabolic Stop and Reverse (TAPSAR)Finally, a more accurate PSAR is here!
Request access in the comments.
This PSAR will show up , and stick around when a majority of the Technology companies in the index below conform in the same direction.
The TAPSAR can be applied to any technology company and ANY time-frame!
This Tech-Index consists of the largest technology companies on the NASDAQ stock exchange that are similar in subsector.
1. Apple Inc (NASDAQ:AAPL)
Market Cap: $888.06B
Subsector: Computer Manufacturing
2. Alphabet Inc (NASDAQ:GOOGL)
Market Cap: $738.53B
Subsector: Computer Software: Programming, Data Processing
3. Microsoft Corporation (NASDAQ:MSFT)
Market Cap: $654.81B
Subsector: Computer Software: Prepackaged Software
4. Facebook Inc (NASDAQ:FB)
Market Cap: $529.9B
Subsector: Computer Software: Programming, Data Processing
5. Oracle Corporation (NASDAQ:ORCL)
Market Cap: $204.54B
Subsector: Computer Software: Prepackaged Software
6. International Business Machines Corporation (NASDAQ:IBM)
Market Cap: $141.16B
Subsector: Computer Manufacturing
Thick Blue lines beneath the price indicate a change in direction, and momentum up.
Thick Red lines above the price indicate a change in direction, and momentum down.
This indicators holds three editable parameters:
1. "Start" - The starting value for the Acceleration Factor (.02 is the Default).
2. "Increment" = The increment in which the Acceleration Factor will move (.02 is Default).
3. "Max" - The maximum value of the Acceleration Factor (.20 is the Default)
Trading Session IndicatorThis indicator is basically just a back-testing tool. All it does is highlight the background of your charts with the specified color within the specified timezone.
This is useful particularly for back-testing purposes, such as testing a day-trading strategy within a particular period of the day or ignoring signals that fall within the given timeframe (which is useful for ignoring setups during your testing that appear while you're asleep or at work etc.)
Take it easy :)
- Matt.
Finns Trading Algorithm AlertsHello there,
I have developed a Microprofit Script for Tradingview and would like to introduce you to it.
First of all some keypoints to it:
-It uses Gunbot
-Many Microtrades on a bullish market
-Even make Profit on Sideway & wavy downtrends
-Double up to infinity
-Controlled downtrend averaging
-Visualizer available allowing visible emulation of the Script & Gunbot trading together.
-More Features & Optimization still to come!
Basic Trading Indicators 0.1Hi All,
this script will show two moving averages for 13 Periods and 34 as one function. I plan to add more fancy functions. For now i dont know what to add but if you have anny suggestions please do.
For newcomers you should considering to sell when the lines are green and buying when the lines are red.
I AM NOT RESPONSIBLE IF YOU MISSREAD THE CHART.
Kind Regards,
PuppyTherapy
The 4XLGThe EMAs and SMAs we use at The 4XLG trading school. All the default values are in this indicator so as a 4XLG student, you have the complete moving average setup in one indicator! Hook me up to know how to use them...
William Diotto
BullTrading MultiTimeFrame ATR %Good afternoon traders.
Have you ever got trapped on the middle of a consolidation? Well, it just happened to me trading the 1 minute chart last friday!
So, I coded this script to display a percentage of ATR for a given resolution.
Now, how can you benefit using this information?
For example:
Using the standard settings (resolution is calibrated 15 minutes in order to trade 1minute charts), just draw your prefered support and resistance. Then measure the number of pips between support and resistance. This number should be approximately the same the indicator is displaying. If the indicator is displaying a lower value, maybe it will be a good idea to tighten your support/resistance levels (if the price goes against you, you will have confidence and probability on your side to open an opposite position and reach your Take profit before a new reversal take place.
Change colors and resolution for your desired timeframe until you find your particular "sweet spot"
Have a nice trading week.
Donchian Fibonacci Trading ToolDONCHIAN FIBONACCI TRADING TOOL
This indicator is based on a Donchian Channel with Fibonacci zones I published before. Features are added which enable trading decisions, it suggests when to open either a long or a short position, it provides suggestions for a stop loss level and suggests a take profit level, the calculation of the take profit suggestion can be altered in the inputs. The user should devise a trading strategy on his own, several strategies are possible, but as a Donchian Channel is used, these must come down to refinements in the classical Turtle Trading system.
NO LAGGING
Donchian Channels have no lagging, this tool being based on these, has none as well. The only added feature with a little lagging is the Hull MA, all other features work at once and report right now the historical context of the present bar or candle even while it is developping.
ANY TIME FRAME
This indicator works in any time frame. However, when the user sets the prediction calculation to percent, then in small intraday time frames the result will be relatively huge.
FALSE SIGNALS
Fibonacci retracement levels are based on inclinations which exist in nature and which also exist in the financial markets. The expectations, labeled ‘DFT: expect’, based on these levels, are usually correct. The take profit levels otoh, labeled ‘DFT: predict’, are usually incorrect. The trader should take care and needs proper ‘gut feeling’ in using these
FEATURES TRIGGERED BY THE MARKET ENTERING OR LEAVING ZONES
1. REACTIVE COLORS
The zone in which the close is, is brighter coloured.
2. ENTRY AND EXIT MARKERS NEAR UP- OR DOWN TREND ZONES
If the close enters the Up Trend or Down Trend zone, coming from another zone, a triangle is placed just outside the channel border. If it leaves the zone, an X cross is placed.
3. MARKET SITUATION EXPECTATION LEVELS (OFFSET)
The indicator can report four market situations which may be valid for the last candle:
3.1. Market is in up trend: a blue dot is placed in an offset (=future) position of the High Border,
expect levels are placed offset of High Border and the Highest Fibonacci line,
3.2. Market is in down trend: a red dot is placed offset the Low Border, also expect levels offset the Low Border and the Lowest Fibonacci line.
3.3. Market is high ranging, i.e. last break out was at High Border and market is not in up- or down trend. A green dot is placed offset the Center High Fibonacci line and expect levels offset the Highest and Center Low Fibonacci lines.
3.4. Market is low ranging, i.e. last break out was at Low Border and market is not in up- or down trend. A brown dot is placed offset the Center Low Fibonacci line and expect levels offset the Center High and Lowest Fibonacci lines.
FEATURES TRIGGERED BY AN ATTEMPT TO BREAK OUT OF THE CHANNEL BORDERS
4. SWING LINE
When the High Border is touched, the Swing Line changes its level to the Highest Fibonacci line and changes its color to blue. When the Low Border is touched, the Swing Line changes its level to the Lowest Fibonacci line and changes its color to red. This way you can see whether the general trend is up- or down and also if and when the line has been crossed.
5. DIAMOND MARKERS (OFFSET)
These markers flash when the last bar or candle or the one before that, touches a channel border, the offset is equal to the expect levels.
6. PREDICTION LEVEL (OFFSET)
The prediction level flashes in the same situation as the diamond marker. The default level is 1 Average True Range. Most are in fact false signals. One can switch the prediction level off by setting the added amount to 0, then only the Diamond Markers will flash
OTHER FEATURES
7. HULL MOVING AVERAGE
Its direction provides an indication of the price dynamics.
8. SUPPRESSION OF PLOTTING SOME LAST VALUES
Quite a few lines stop before the last bar or candle. This way the last candle seem free loating and the chart reports only the values the user needs.
Enjoy, Eykpunter.
