[blackcat] L3 Banker Fund Swing

Background
The large funds or banker fund are often referred to as Whale. Whale can have a significant impact on the price movements in various markets, especially in cryptocurrency . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
To understand banker fund more directly, a banker fund model is applied for main chart as different candles with colors, as well as short, middle, long term moving averages in yellow, fuchsia, aqua colors, respectively. The banker fund model is made of a fast line of EMA2, and a slow line of EMA42 of a artifical curve fitting line with xsl(close,21))*(20)+close, where xsl is used to calculate the slope of a data series. And then, with definition of the golden cross and dead cross status, banker fund behavior can be extracted as green candle color for bullish an red color candle for bearish. At the mean time, a new type of candle with yellow color is defined as well standing for a bullish swing start.
Remarks
Feedbacks are appreciated.
The [blackcat] L3 Banker Fund Swing indicator is designed to help traders identify potential swing trading opportunities by analyzing multiple moving averages and exponential moving averages (EMAs). This script calculates various technical indicators and plots them on the chart, providing clear visual cues for buy and sell signals. It also includes customizable parameters to adapt to different market conditions 📈💹.
FEATURES
Calculates and plots multiple moving averages:
Short-term MA: Yellow line.
Medium-term MA: Fuchsia line.
Long-term MA: Aqua line.
Very-long-term MA.
Extremely-long-term MA.
Ultra-long-term MA.
Plots two key EMAs:
Angel EMA: Green line representing a fast-moving average.
Devil EMA: Red line representing a slower-moving average.
Identifies crossover points between Angel EMA and Devil EMA for buy ('BUY') and sell ('SELL') signals 🏷️
Colors candlesticks based on the relationship between Angel EMA and Devil EMA:
Green candlesticks indicate bullish trends.
Red candlesticks indicate bearish trends.
Includes additional calculations for detecting swing buy signals using weighted sum averages and smoothed K values 🎯
HOW TO USE
Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Short Term Period and Middle Term Period inputs as needed to fine-tune the sensitivity of the indicator ⚙️.
Monitor the chart for buy and sell labels indicating potential trade opportunities.
Observe the colored candlesticks for quick visualization of trend direction.
Use the plotted lines and labels to make informed trading decisions.
LIMITATIONS
The indicator may generate false signals in highly volatile or ranging markets 🌪️.
Users should combine this indicator with other forms of analysis for more reliable trading decisions.
The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed.
NOTES
Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance and parameters as needed to fit your trading strategy.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Sie können dieses Script für einen schnellen Zugang auf einem Chart Ihren Favoriten hinzufügen — erfahren Sie hier mehr.
Haftungsausschluss
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Sie können dieses Script für einen schnellen Zugang auf einem Chart Ihren Favoriten hinzufügen — erfahren Sie hier mehr.