This indicator helps identify areas of buying and selling.
There are 4 levels of signals. 1. Weak 2. Medium 3. Strong 4. Extremely strong
Also there is a lagging indicator, which gives a signal of the 2nd level.
Levels greater than 1 are highlighted with a background and the color of the last bar is mixed with the color of the signal.
Almost everything can be turned on / off.
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Additionally included: - Ichimoku Cloud with settings for crypto (pure cloud, no extra lines) - Bollinger Bands - 4x SMA with a cross between them
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Update checkboxes
Remove unnecessary inputs
Add checkbox to turn off weak signals
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1. Improve Buy colors 2. Add checkbox to switch to a light theme 3. Add a new 3 level signal
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Improve colors
Change the signal system if they are on the same bar.
Color gradation:
By the way, I'm not a big fan of light themes ;)
Sell Signals (Dark Theme): 1. Weak - Orange 2. Medium - Red 3. Strong - Purple 4. Extremely Strong - White
Sell Signals (Light Theme): 1. Weak - Yellow 2. Medium - Red 3. Strong - Purple 4. Extremely Strong - Black
Buy Signals (Dark Theme): 1. Weak - Green Dark 2. Medium - Green 3. Strong - Lime 4. Extremely Strong - White
Buy Signals (Light Theme): 1. Weak - Green Light 2. Medium - Green 3. Strong - Purple 4. Extremely Strong - Black
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A small edit
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Remove BB
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Add the possibility to create an alert.
To enable an alert, use TradingView's built-in alert creation and select this indicator from the list, then select an alert and set the settings.
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Remove checkbox to turn off lagging signals
Add multi-conditions for alerts (Both for Buy/Sell signals)
Remove some unreliable signals of 2-3 levels
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Small update
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Correct the problem when not enough strong signals are displayed on the daily and weekly charts.
Rename titles of alerts.
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Remake all the signals
Make it possible to turn off signals of certain levels in the indicator settings
Made a lot of weak signals, maybe some will make a second level.
Remember that the indicator does not work very well when FOMO or panic or flat. If a signal appeared, it is better to wait until the candle closes with the signal. Also compare the signals on larger timeframes.
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Small Update
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Add another strong signal
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3 levels of signals works like a charm!
Return Bollinger Bands
Improve the whole system of signals
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Small fix
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Version: 3.0
Changes: code cleanup
How to install the latest version of the script
Remove the script from your chart
Reload the page
Add the script back
Make sure that you have the latest version in the script settings under the "Inputs" tab. The latest version of the script is 3. If you do not have such an element, then you have the old version script.
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Version: 3.1
Changes: Add "Average True Range Trailing Stops"
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Version: 3.2
Changes: Add a new signal
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Version: 3.3 Changes: Change some default settings
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Version: 3.4
Changes: Small update ATR
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Version: 3.5
Changes
Add Conversion and Base lines of the Ichimoku cloud
Fix ATR colors
Refactor MAs
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Version: 3.6
Changes
1st level signals are turned off by default
New signal added
Made a background fill only for signals above 2 levels, because there was a lot of noise.
Now you can use EMA (exponential moving average) instead of SMA (simple moving average)
I deleted the strategy from the chart, because some people were misleading
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Сleaned the chart
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Version: 3.7
Changes
Add Stop-Loss lines and labels
Remove MA Crosses
Hide non-activated values of the indicator (as much as possible)
Added a second indicator with a strategy of 3 levels of signals. Just for statistics.
dancovfefe
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@cryptojewish, Thanks for adding me to the script. Question though, I don't see any trades being logged in the strategy tester. I get a bunch of buy/sell signals that are color shaded on the chart, but not seeing results. Is it supposed to log the trades or is it only visible on the chart?
Thanks!
cryptojewish
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@dancovfefe, the strategy is made as a separate indicator and it's just for statistics, I did not upload it.
The indicator was not made for trading between signals. it's just a signal to pay attention. as a good exit / entry.
I always try to wait for level 3, but sometimes it just does not happen.
If there was a sell / buy signal, and then a buy / sell signal appeared, then this should be considered as a stop-loss.
alexeykakovkin72
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sananelazimki
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hello dear, could you give me permission ? thank you so much..
cryptojewish
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Sorry guys, Tradingview has introduced rules that I can only give access to new users if I have the most expensive plan ($719) 🤷♂️