The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because it obscures the view of the chart as the most important indicator. The chart should be clear and market structure should be easy to see. In addition, some indicator signals can be activated to better assess the quality of signals from the past. The chart environment or the chart context is important for the quality of a signal.
The intention of this script is not to teach someone how to trade or how to use these Indicators but to provide a tool to analyse markets better and to help to draw conclusions of market behaviour in a higher quality.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with fractals as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
If someone is new to trading you should learn about the indicators first. Definitely learn about Indicator.
Integrated indicators are:
/ and background color as signal
Williams Fractals and signal
Puell Multiple signal
Bolinger Bands ending for the next higher time frame added.
Confluence signal added for the following signals/indicators:
price above/below Kijun,
Bill Williams Fractal breakout,
RSI above/below 50
Alerts for Ichimoku signals B1/S1 and B2/S2 and confluence signal CB/CS added.
Pure Ichimoku confluence signal added
Price-Kumo mtf signal added (above/below Kumo at 4H, D, W, M time frame)
Added some built-in signals to the confluence signals CB/CS to make it less changeable/fluctuating.
CB/CS added as a permanent signal in the top right.
Background color for Signals B1/B2 and B2/S2 added
Williams Fractals background color signal added.
Parabolic SAR background color signal added.
Don't forget to set "Scale Price Chart Only" (right click on the chart scale, 3rd menu item). Otherwise the chart will be squeezed unnaturally.
Filtered Tenkan-sen cross Kijun-sen bg added.
Tenkan-sen is now visible when only Ichimoku-full is enabled.
Supertrend "ending" added.
2nd dot signal is now Pure Ichimoku confluence signal IB/IS (former Supertrend SB/SS).
Alerts added for:
Parabolic SAR pb/ps
Because of output limitations you have to comment out some other outputs to use the alerts.
Commented out the ATR stop to make IB/IS signal alert available. I didn't find a way to reduce amount of outputs to make more alerts available. All remaining signals and outputs are very useful.
To have a kind of variable optimization with genetic algorithms similar to Metatrader mt4/mt5 would be very helpful to optimize CB/CS signal. I dare to hope for the far future... :)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.