This is the first script I publish. Be harsh.
About the indicator : I learned about it yesterday, it's a quite safe indicator since the condition countdown = 13 doesn't happen very often.
Numbers above chart are setup numbers
Big numbers below the chart are countdown Numbers.
Green : buy setup
Orange : sell setup
green star : sucessful buy intersection
orange star : sucessful sell intersection
blue big numbers : buy countdown
orange big numbers : sell countdown
Buy Setup :
At least 9 consecutive closes are lower than the corresponding closes 4 bars earlier
Sell Setup :
At least 9 consecutive closes are higher than the corresponding closes 4 bars earlier
Buy Intersection :
8th or 9 bar from setup 's high is greater than the low of 3rd or 4th bar earlier
Sell Intersection :
8th or 9 bar from setup 's low is lower than the high of 3rd or 4th bar earlier
Buy Countdown :
close < low
Sell Countdown :
close > high
I didn't do the highest/lowest countdown break verification because it already doesn't happen very often
Also no TDST line (The high of the true range of bar 1 of set-up is called the TDST line)
Feel free to try it and tell me if you modify it, or what could be improved
I have a strategy version of this tell me if you are interested I will publish it.
About the indicator : I learned about it yesterday, it's a quite safe indicator since the condition countdown = 13 doesn't happen very often.
Numbers above chart are setup numbers
Big numbers below the chart are countdown Numbers.
Green : buy setup
Orange : sell setup
green star : sucessful buy intersection
orange star : sucessful sell intersection
blue big numbers : buy countdown
orange big numbers : sell countdown
Buy Setup :
At least 9 consecutive closes are lower than the corresponding closes 4 bars earlier
Sell Setup :
At least 9 consecutive closes are higher than the corresponding closes 4 bars earlier
Buy Intersection :
8th or 9 bar from setup 's high is greater than the low of 3rd or 4th bar earlier
Sell Intersection :
8th or 9 bar from setup 's low is lower than the high of 3rd or 4th bar earlier
Buy Countdown :
close < low
Sell Countdown :
close > high
I didn't do the highest/lowest countdown break verification because it already doesn't happen very often
Also no TDST line (The high of the true range of bar 1 of set-up is called the TDST line)
Feel free to try it and tell me if you modify it, or what could be improved
I have a strategy version of this tell me if you are interested I will publish it.
🔥Get the Cyatophilum Indicators today 🔥 => https://blockchainfiesta.com/strategies/
Automated Strategies with Backtest and Alert Setup - Now with Binance API Bots!
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Automated Strategies with Backtest and Alert Setup - Now with Binance API Bots!
I am taking PineScript Commissions ✔ https://blockchainfiesta.com/contact/