Hey guys! It's me with a new version of the script.
Since a lot of people wanted to use it for scalping, I adjusted it for that. More buy signals, more sell signals, 90% accuracy (at least ;) ) Remember to use the pivots to set Take Profits and Stop Losses, no software is 100% accurate, otherwise the market would trash it.
SELL SIGNALS Red "S": Sell signal Yellow "Sell": Strong+ sell signal Orange "SELL": Strong++ sell signal. Shortable signal. Red triangledown "SELL!": Strongest+++ sell signal, bearish divergences from MACD . Shortable signal.
BUY SIGNALS Yellow triangleup "Weakening": Bear trend is getting weak, as the asset is getting oversold. Green "BUY!": Strong buy, bullish divergence from MACD . Strongest buy signal.
Remember, again, to ALWAYS set your TP and SL beforehand. The key to be profitable is to act before the market acts. It's better 3% in hand than 1% below your initial balance.
From a manual backtesting, I got a 53% profit on 2 weeks, trust my advice to manage the risk and you will be profitable aswell ;)
Check my other scripts to get more options :) I also made a 4Hours and 12Hours optimized scripts, you might found that which one works better for your strategy, asset, and timeframe.
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UPDATE TO CLEAN CHART AND CHANGED RED TO MAROON, S SIGNAL:
Hey guys! It's me with a new version of the script.
Since a lot of people wanted to use it for scalping, I adjusted it for that. More buy signals, more sell signals, 90% accuracy (at least ;) ) Remember to use the pivots to set Take Profits and Stop Losses, no software is 100% accurate, otherwise the market would trash it.
BUY SIGNALS Yellow triangleup "Weakening": Bear trend is getting weak, as the asset is getting oversold. Green "BUY!": Strong buy, bullish divergence from MACD . Strongest buy signal.
Remember, again, to ALWAYS set your TP and SL beforehand. The key to be profitable is to act before the market acts. It's better 3% in hand than 1% below your initial balance.
From a manual backtesting, I got a 53% profit on 2 weeks, trust my advice to manage the risk and you will be profitable aswell ;)
Check my other scripts to get more options :) I also made a 4Hours and 12Hours optimized scripts, you might found that which one works better for your strategy, asset, and timeframe.
UPDATE: *Added BBands with 2nd and 3rd std. I think it might help to visualize better the entries. Also the SMA is important to determine the main tendence.
UPDATE: *Added alertconditions to the signals, at the order of Hoffdaddy ;p
RECOMENDATION ABOUT BOLLINGER BANDS DISTORTION: *To avoid the distortion of the chart by Bollinger Bands, I filled the 2nd stdev and 3rd stdev. This way you can untick the Bollinger Lines, but still get the Bands with a transparent and not too confusing shape :)
Change colours to ease your interpretation! Let me know your opinions, I might add those features on the next updates.
Cheers!
Addresses above ;)
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UPDATE: *Minor changes listed: -Added an orange triangle to the SELL! signal. -Changed colours of pivots and transparency -Added "Yellow 1" and "Red 2" signals to strength the "Yellow triangle sell" signal. It's not 100% accurate, but it means that at least 7 indicators in 3 conditionals are on sell position.
Recomendations: *Use it 1H BTCUSD:Bitstamp *Switch off some divergence signals if they bothers *Don't be greedy! Set TPs, SLs and use S/R. The market will give opportunities but capital loss doesn't go back
what are those yellow and grey (subtle white) stripes stand for? support/resistance prediction levels?
BiO-618
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@mrgr888n, Yep, those are ghost pivots. Are calculated with hlc3 as source. Daily and Weekly pivots. Can add Monthly and Yearly if you desire, just let me know =)
cskfk
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highly recommended from trusted knowledgeable friend, looking forward to trying this and your other fine works. thank you!