CoinSignals v1.00
General description:
This script is designed to determine the further direction of the asset price in the selected timeframe, based on formulas that have their own calculation algorithm. In fact, they are not based on any of the widely known tools. The possible range of operation is from 1 day to 3 minutes, depending on the settings.
CoinSignals v1.00
CoinSignals v1.00
Direction of movement:
When certain indicators of the algorithm are reached, signals appear that are displayed in the form of a triangle directed in a certain direction, green (up) It's long, red (down) it's a short. Also, the entry point to the position will appear on the next candle.
Take Profit Points:
These points are intended for setting limit or stop orders "Take Profit", there are all 3 of them, which does not mean that the price will not go further. They depend on the volatility of the asset and can change up or down.
Stop loss:
This point is given for reference. It is usually used to set a "Stop loss" order. The value of this point also depends on the current volatility of the market.
Rollback/Reversal points:
Displayed as a diamond.
They use multiple divergences to determine the points of a pullback or reversal, they do not use indicators of the RSI, MACD, CCI and others (11 in total), namely divergences arising on these indicators, which are stronger factors for a pullback or reversal.
The red line on the chart is a highly modified moving average, which serves to average the position.
This script is designed to determine the further direction of the asset price in the selected timeframe, based on formulas that have their own calculation algorithm. In fact, they are not based on any of the widely known tools. The possible range of operation is from 1 day to 3 minutes, depending on the settings.
CoinSignals v1.00
CoinSignals v1.00
Direction of movement:
When certain indicators of the algorithm are reached, signals appear that are displayed in the form of a triangle directed in a certain direction, green (up) It's long, red (down) it's a short. Also, the entry point to the position will appear on the next candle.
Take Profit Points:
These points are intended for setting limit or stop orders "Take Profit", there are all 3 of them, which does not mean that the price will not go further. They depend on the volatility of the asset and can change up or down.
Stop loss:
This point is given for reference. It is usually used to set a "Stop loss" order. The value of this point also depends on the current volatility of the market.
Rollback/Reversal points:
Displayed as a diamond.
They use multiple divergences to determine the points of a pullback or reversal, they do not use indicators of the RSI, MACD, CCI and others (11 in total), namely divergences arising on these indicators, which are stronger factors for a pullback or reversal.
The red line on the chart is a highly modified moving average, which serves to average the position.