myselfbtc

bitcoin 3 bars + ema's fomo warning

325 views
34
325 0


if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
this works only into uptrend on down trend the line will be always yellow
use trend lines and channels to determine trends for example
to increase sensibility lower the "10" to 8 or 7
Von Favorisierten Skripten entfernen Zu Favorisierten Skripten hinzufügen
study(title="bitcoin warning", shorttitle="read the scrypt", overlay=true)
toperino=(iff(close[0]>close[1],1,-1))+ // past 3 bars needs to be all green
    (iff(close[1]>close[2],1,-1))+
    (iff(close[2]>close[3],1,-1))+
    (iff(ema(close,5)[0]>ema(close,5)[1],1,-1))+// 5 bar ema need to have 3 days up slope to reduce some noise 
    (iff(ema(close,5)[1]>ema(close,5)[2],1,-1))+
    (iff(ema(close,5)[2]>ema(close,5)[3],1,-1))+
    (iff(ema(close,10)[0]>ema(close,10)[1],1,-1))+//the rest of ema's just need to have up slope
    (iff(ema(close,15)[0]>ema(close,15)[1],1,-1))+
    (iff(ema(close,20)[0]>ema(close,20)[1],1,-1))+
    (iff(ema(close,25)[0]>ema(close,25)[1],1,-1))+
    (iff(ema(close,30)[0]>ema(close,30)[1],1,-1))
    

    
    
istop=toperino > 10 ? red:yellow
sma1=sma(low,1)*0.95
plot(sma1, color=istop, style=circles,linewidth=3, join=true)


// if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
//this works only into uptrend on down trend the line will be always yellow 
//use trend lines and channels to determine trends for example
// to increase sensibility lower the "10" to 8 or 7
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Charting Lösungen Hilfe holen Feature-Anfrage Blog & News FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Hilfe holen Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden