PROTECTED SOURCE SCRIPT
🆓 SHI - Simple Harmonic Index by Cryptorhythms
🆓 SHI - Simple Harmonic Index by Cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation.
Description
The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.
Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry.
What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas.
TL:DR
Bullish signals are generated when SHI crosses over 0
Bearish signals are generated when SHI crosses under 0
I put a few example trades up on the chart.
đź‘Ť Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
đź’¬ Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation.
Description
The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.
Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry.
What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas.
TL:DR
Bullish signals are generated when SHI crosses over 0
Bearish signals are generated when SHI crosses under 0
I put a few example trades up on the chart.
đź‘Ť Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
đź’¬ Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
GeschĂĽtztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
Twitter - twitter.com/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.