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Dump Detector - Stochastic RSI

Dump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.

Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart:
Timeframe = 3hrs
smoothK = 3
smoothD = 3
lengthRSI = 6
lengthStoch = 27
src = close
Notes de version: Added a range filter for pump and dump detection, It was set to only pickup crossovers/crossunders over the 50 line on the Stochastic RSI indicator. Now default settings is to pick up all crosses. To use those old settings adjust "crossover/under must be greater than" to 50. Traders can choose to only pickup dump signals when Stochastic is overbought by making min value 80 and max value 100. Likewise for the opposite detecting pumps only in oversold range by setting min value to 0 and max value to 20.
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

is there a way to back test this script? also why there is no Pump Warning indicator (Green below Bar) but in alert you have pump alert? thanks
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veryfid AyieJosh
@AyieJosh, Hi, you can turn on the pump signals in the settings. Apart from scrolling left you can turn it into a strategy in the pine code.
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Great work dude! Thank you for sharing. I’m excited to try this out!
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Hi, very nice work! One question: Do i need to set lengthStoch = 27? is the result much better then the 14?
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veryfid Joeanucha
@Joeanucha, Hi, the default setting on this indicator is 27. It is also set to the 3 hr timeframe, you can change this to lower timeframes if you want it to be more sensitive. 27 focuses on larger down trends while 14 will pick up more smaller dips and trigger more often. You can tune it in to whatever you are looking for by adjusting the lengthRSI, lengthStoch and timeframe numbers.
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veryfid Joeanucha
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dear sir.
is this also usable in the 1h tf chart?
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veryfid Pancake80
@Pancake80, Hi yes it works on all timeframes, just choose the timeframe in the indicator settings and play with the lengthRSI and lengthStoch numbers until it looks right. The more dumps you want to pickup the smaller the timeframe.
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