OPEN-SOURCE SCRIPT
Meme Coin Tournament V3
User Manual for the "Meme Coin Tournament"
First and foremost, a huge shoutout to SpecialistTRW . Sorry brother that I have put you through this. All glory to LEVEL 4, the Masters, and Prof. ADAM.
How to Use the Indicator
1. Setting Up RSI Calculations for Round 1
Under RSI's ROUND 1, you will see various checkboxes, such as:
"Show RSI for sym5 vs sym3"
"Show RSI for sym6 vs sym7"
By selecting these checkboxes, the script will calculate and display the RSI values between the corresponding pairs (e.g., sym5 vs sym3).
2. Entering the Tournament Participants
You need to specify the symbols of the cryptocurrencies that will compete in each round. In the Round 1 section, you can input the symbols of the tokens (like POLONIEX, MEXC, etc.). For each round, the script fetches real-time prices using request.security() and compares pairs based on RSI and EMA values.
3. Manual Semifinal and Final Calculation
Manually select semifinalists and do the ratio analysis while checking the box of the RSI plot for efficiency. Input the two winners in the given boxes in the correct order to proceed with the final analysis.
4. Second Best Calculation
To calculate the true second-best, you need to input all the cryptocurrencies that the winner knocked out during the tournament into the provided boxes. If, in Round 1, the winner is from a comparison of three cryptocurrencies, input the stronger performing of the other two. For the semifinals, it should be clear who to input. The script will then calculate the second-best based on these inputs.
5. RSI and EMA Calculation
The script uses preset periods for RSI and EMA:
RSI Period: 14
EMA Period: 8
For each pair comparison, the RSI and EMA are calculated. The winner of each round is determined based on whether the EMA is above 50.
First and foremost, a huge shoutout to SpecialistTRW . Sorry brother that I have put you through this. All glory to LEVEL 4, the Masters, and Prof. ADAM.
How to Use the Indicator
1. Setting Up RSI Calculations for Round 1
Under RSI's ROUND 1, you will see various checkboxes, such as:
"Show RSI for sym5 vs sym3"
"Show RSI for sym6 vs sym7"
By selecting these checkboxes, the script will calculate and display the RSI values between the corresponding pairs (e.g., sym5 vs sym3).
2. Entering the Tournament Participants
You need to specify the symbols of the cryptocurrencies that will compete in each round. In the Round 1 section, you can input the symbols of the tokens (like POLONIEX, MEXC, etc.). For each round, the script fetches real-time prices using request.security() and compares pairs based on RSI and EMA values.
3. Manual Semifinal and Final Calculation
Manually select semifinalists and do the ratio analysis while checking the box of the RSI plot for efficiency. Input the two winners in the given boxes in the correct order to proceed with the final analysis.
4. Second Best Calculation
To calculate the true second-best, you need to input all the cryptocurrencies that the winner knocked out during the tournament into the provided boxes. If, in Round 1, the winner is from a comparison of three cryptocurrencies, input the stronger performing of the other two. For the semifinals, it should be clear who to input. The script will then calculate the second-best based on these inputs.
5. RSI and EMA Calculation
The script uses preset periods for RSI and EMA:
RSI Period: 14
EMA Period: 8
For each pair comparison, the RSI and EMA are calculated. The winner of each round is determined based on whether the EMA is above 50.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.