My very first indicator in Pine Script with two alert conditions for trading bots. It's based on "Pump Catcher" by @joepegler
I modified some parts, hopefully improved the usability and enabled alerts, so you can use it to trigger bots like 3commas via webhooks.
Pump Alerts 🚀 attempts to "detect moments of abnormal and accelerating increase in volume" AKA "pumps". Small and big pumps. I recommend using it on small timeframes like 1 to 15 min and tinkering with the lookback period as well as threshold values. Other than that it's pretty self-explanatory and beginner-friendly.
Hello
How can I test this indicator with backtest?
I want to test the point of purchase and the accuracy of the indicator, but I can't
can you help me?
UnknownUnicorn5886209
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@kuroshkabir, I would advise you to first test the indicator with a paper trading bot. At the moment I don't have a strategy-version of this script for backtesting purposes.
Hi. I'm not an expert so I have questions. How is this different than volume spikes? How or where would any warnings appear?
EagleEye100x
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Hi,
Good work...!!! I was wondering if we can detect dump also, what should be the threshold for that....??? if we use the same logic for vrocNormalized for decreasing volume. what can be a good threshold?
Just wanted to quickly understand how to put triggers and exits using TV Alerts.
Can this be good:-
1. Enter: When price is entering channel - channel can be set at lower bound 1.44 and upper bound any number greater than 1.44
2. Exit: When price is moving down 0.5% in 5 bars
How can I test this indicator with backtest?
I want to test the point of purchase and the accuracy of the indicator, but I can't
can you help me?