StonkSignaler

Precise_Signal

This signal combines a portion of Chris Moody's 2014 SlingShot and my 2017 MTF Indicators. Both of our prior scripts over indicated Buy and Sell Points. This signal indicates a buy or sell point much less than our prior scripts did but with absolute precision.

I would say it is 100% accurate, but that is because I am yet to find a timeframe and symbol where the Buy signal failed to see the equity move up or the Sell signal failed to see the equity move down over the next 5 bars. I have tested 2000 charts so far. To be safe, I would rather state this indicator is accurate nearly 100% of the time.

The indicator is made up of 2 main portions and both of them have to agree on a buy or sell in order to indicate such with a vertical green or maroon bar beneath the chart. If there is a failure to agree, nothing is signaled.

Indicator 1 combines a stochastic of a 3 hour chart and a daily chart to determine when the stochastics are in agreement on direction. When there is agreement, both of them MUST cross from a buy state to a sell state and vice versa at exactly the same time. This is difficult to achieve and it is already rare for this occurrence to produce a signal. When a signal is produce it is combine with Chris Moody's 2014 SlingShot Indicator which conservatively determines Buy and Sell signals based on EMAs and market direction. Signals from his SlingShot are infrequent.

BUY Signal
When my MTF signals Buy at the same time that the SlingShot signals a Buy, a vertical green bar will appear in the window containing this script. The vertical bar is based on the close price of the equity and is only final when the close price is final. A BUY signal means the equity will move up potentially as early as the next bar and achieve a higher value from the close price on the signal bar.

SELL Signal
Likewise, a sell signal from the MTF at the same time as a sell signal from the SlingShot will create a maroon bar in the window containing this script. The vertical bar is based on the close price of the equity and is only final when the close price is final. A SELL signal means the equity will move down potentially as early as the next bar and achieve a lower value from the close price on the signal bar.

The default values for this script are hard-coded into this script. You can edit any of the value you would like to play with other timeframes, stochastic , and moving average lengths.

I have played with these values and have hard-coded the ones that are most accurate. Please let me know if you find others that work.

Hopefully this becomes an extra tool in your technical trading toolkit.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
All statistics and the full analysis are available for free as always at the site below.
Website: https://legalsteals.com
Twitter: @StonkSignaler
Facebook: https://www.facebook.com/StonkSignaler
Reddit: u/StonkSignaler

Kommentare

not sure how to add this to my charts - cant get this to working.
+11 Antworten
It is not showing any data, when applied to pine editor, copied the script from point 6
+2 Antworten
StonkSignaler justaanuj
@justaanuj @SuSaSiSA, once copied into Pine Editor, did you Save and/or Apply to Chart. It should work. If something is missing you should see an error message at the bottom in the console. It is easier to Add the Script to your Favorite Indicators above the code on this web page and then load a chart, click on the downward pointing carrot/arrow to the right of the Fx bottom at the top of your chart and select Precise_Signal
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Doesn't work
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I got many errors when I tried to add to my chart, this is the first error...
Undeclared identifier 'tickerid';
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I did find 5 stocks where the indicator has gone off in the last couple days from my swing trading stocks which is about 500. EL, GOLF, NHI, TWNK, SMPL I did find quite a few stocks that went down on a green indicator on the following days, I'll go back, find a couple and post them in a minute.
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z3m25 z3m25
@z3m25, Here are the false singnals I found, I just went through A-C before I stopped. AAPL, AHCO, BEN, BKE, BPMC, BRC, CAR, CM, CNX, CSCO. If I were to guesstimate, about 25% are false signals, 50% are sideways and about 25% are rockets ready to launch. Maybe I'm just doing it wrong? Either way it's good work as $SMPL is 1 of 10 stocks I was looking at getting into for a swing trade tomorrow, so it's a good confirmation tool.
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@z3m25, What timeframes are you looking at? I have tested them at most of the standards and then some others. I run on the following timeframes: 4M, 2M, M, 2W, W, D, 4H, 3H, 2H, 60, 30, 15, 10, 5, 3, 2, 1. I didnt see any false signals on the aforementioned quotes plus the ones in your replied message. If the equity does not reverse the very next bar, give it a few more. NHI signaled on the Daily at the close on Friday so we are yet to see any direction on this (possibly a great long at the open tomorrow)
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z3m25 StonkSignaler
@StonkSignaler, sorry, I'm a swing trader, so all 1 day.
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