After 2 months of work i finally managed to complete a usable version of godmode-based signal indicator for BTC trading only - SpiralSwinger is dedicated for longer term trades as it works better on Hourly Timeframes. No repainting observed after candle close. All numerical settings are customized after fine tuning by me and are locked by purpose since i believe there are so many of variables that giving access to them will most probably spoil the algo.
It includes:
1. 3 categories of signals based on their possibility to work out and RR outcome - Safe, regular and risky entries.
2. Shows regular divergences between the last 60 candles.
3. Shows overbought/oversold levels by the means of 4color-coding scheme wich is handy for quick evaluating of buyer's/seller's strength.
4. Shows longterm godmode trend sentiment as color "snowflake" chars above candles.
5. Shows ADX-ATR based stop loss line which acts as a first take profit point when price crosses it.
6. Shows ATR based second take profit line which.
7. Shows signals for additional profit taking when price is observed to behave anomalous.
8. Alerts included: Long, Short, Set SL in Profit, Possible Signal Prediction warning, Take Profit
There are quite many aspects of using this indicator and will explain them later. For a time being it's access is restricted to a limited number of people i will invite to test it on a practice. When bugs will be found and removed, additional features added and all documentation written how to properly use it will start adding people. Thanks for patience and support.
It includes:
1. 3 categories of signals based on their possibility to work out and RR outcome - Safe, regular and risky entries.
2. Shows regular divergences between the last 60 candles.
3. Shows overbought/oversold levels by the means of 4color-coding scheme wich is handy for quick evaluating of buyer's/seller's strength.
4. Shows longterm godmode trend sentiment as color "snowflake" chars above candles.
5. Shows ADX-ATR based stop loss line which acts as a first take profit point when price crosses it.
6. Shows ATR based second take profit line which.
7. Shows signals for additional profit taking when price is observed to behave anomalous.
8. Alerts included: Long, Short, Set SL in Profit, Possible Signal Prediction warning, Take Profit
There are quite many aspects of using this indicator and will explain them later. For a time being it's access is restricted to a limited number of people i will invite to test it on a practice. When bugs will be found and removed, additional features added and all documentation written how to properly use it will start adding people. Thanks for patience and support.
Notes de version:
Update v1.1 includes:
1. Filtering algo conditions have been drastically tightened which reduced number of false signals.
2. Added filtering option for setting minimum Risk/Reward (RR=2 by default) necessary for a signal to be treated as valid. RR is automatically calculated from SL being at the local wick, EP that is at mid point from candle close to the SL while take profit is located at the opposite black ATR line.
3. Risky types of signals have been renamed to FOMO entries and are supposed to be taken with the tightest SL possible at the very moment they appear on chart. Since these are high risk/high reward types of signals RR filtering cannot be applied to these trades as they should be SL-trailed as far as they could go in profit.
4. Added additional take profit line which emulates 60 length Kijun-Sen Line from ichimoku indicator for 4 times higher TF.
5. Cosmetic changes, internal settings optimized and bug fixes.
Testing stage still ongoing... One thing is sure for now - signals are rare on each TF but trustworthy.
1. Filtering algo conditions have been drastically tightened which reduced number of false signals.
2. Added filtering option for setting minimum Risk/Reward (RR=2 by default) necessary for a signal to be treated as valid. RR is automatically calculated from SL being at the local wick, EP that is at mid point from candle close to the SL while take profit is located at the opposite black ATR line.
3. Risky types of signals have been renamed to FOMO entries and are supposed to be taken with the tightest SL possible at the very moment they appear on chart. Since these are high risk/high reward types of signals RR filtering cannot be applied to these trades as they should be SL-trailed as far as they could go in profit.
4. Added additional take profit line which emulates 60 length Kijun-Sen Line from ichimoku indicator for 4 times higher TF.
5. Cosmetic changes, internal settings optimized and bug fixes.
Testing stage still ongoing... One thing is sure for now - signals are rare on each TF but trustworthy.
Notes de version:
Bugfix
Notes de version:
1. Changed divergence detection algo. Now it's more reliable predicting when possible entries are coming.
3. Changed bear/bull trend algo detection - gives more signals without sacrificing quality.
2. Now all additional lines, unimportant signals are hidden by default for a cleaner chart looks.
3. Some fixes here and there.
3. Changed bear/bull trend algo detection - gives more signals without sacrificing quality.
2. Now all additional lines, unimportant signals are hidden by default for a cleaner chart looks.
3. Some fixes here and there.
Notes de version:
Version 1.3:
1. Reworked algo fishing out some false entries
2. Added new type of signal which gives clue about potential invalidation of signal suggesting to lower position size or to tighten SL or to close entire position based on your RM policies.
3. Added new type of alert All-In-One Entry condition which notfies on every type of entry signal observed on current TF. It's handy to have only two alerts per TF set - All-In-One and Possible Entry Warning instead of 4 per TF.
4. Reworked algo for additional take profit points
5. Added back Risk/Reward filtering for FOMO signals.
1. Reworked algo fishing out some false entries
2. Added new type of signal which gives clue about potential invalidation of signal suggesting to lower position size or to tighten SL or to close entire position based on your RM policies.
3. Added new type of alert All-In-One Entry condition which notfies on every type of entry signal observed on current TF. It's handy to have only two alerts per TF set - All-In-One and Possible Entry Warning instead of 4 per TF.
4. Reworked algo for additional take profit points
5. Added back Risk/Reward filtering for FOMO signals.
Notes de version:
V1.31
Quick bugfix with All-In-One Alert - it consists only regular and safe entries, longs and shorts all in one notification. Fomo alerts are still separated entity since they are supposed to be used on first occurrence, not on candle close.
Quick bugfix with All-In-One Alert - it consists only regular and safe entries, longs and shorts all in one notification. Fomo alerts are still separated entity since they are supposed to be used on first occurrence, not on candle close.
Notes de version:
V1.32
Fixed broken "All-In-One Entry Condition" alert.
Fixed broken "All-In-One Entry Condition" alert.