OPEN-SOURCE SCRIPT
Investment Protector - A Rule of Thumb V1
Mis à jour
The Flash Crash of September 8 showed once more how many are falling to greed. On top of it one also add leverage to long positions. It's just insane the risk people are taking. Anyhow, for all my noobies and friends here is a very very simple indicator that shows when NOT to buy nor increase positions and when there is window of opportunities.
A few remarks:
TA speaking:
* The scripts uses EMA and RSI only.
* Bearish divergence will be added in V2.
disclaimer: yes, not financial advise. It's educational.
A few remarks:
- This script does NOT provide trading signals
- Merely points out windows of opportunities - candles with green background. You still need to find the entry in this area yourself. Apply geomeric Technical Analysis, use indicators or divergences.
- Windows of opportunities can still go south, use the stop-loss! (and check for bearish divergence)
- The script urges you NOT to trade below ema200 of the 4h timeframe, which is marked with a red background (the most smooh timeframe there is).
- Push yourself to take profits. It is marked with on the cancles to support you. Yes, it could always go higher, but try to avoid to be in a crash (and again, use a stop-loss at all time. You can make it a generous one if you want, fine. As long as you have one.).
TA speaking:
* The scripts uses EMA and RSI only.
* Bearish divergence will be added in V2.
disclaimer: yes, not financial advise. It's educational.
Notes de version
V1.0.1- Typos, extended usecase description/purpose.
Notes de version
- Updated the rules on when to show the CONSIDER and DON'T TOUCH labels.
Notes de version
- Improved the CONSIDER and DON'T TOUCH LABEL (will add divergence to it to filter it even better - e.g. not to touch it after a for a longer time after a bearish divergence)
- the EMAs are now fixed to hourly. Use the hourly timeframe for best results.
Notes de version
- Updated BTC chart to make it more clear how it works
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.