TheTradingParrot

TTP Breaking Point

TheTradingParrot Mis à jour   
This signal uses information from BTCUSDLONGS and BTCUSDSHORTS to forecast tops and bottoms.

The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.

You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.

The signal offers a backtesting stream: 1 for buy and 2 for sell.

Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.


Notes de version:
Added alerts
Added option to select custom symbol: this will allow the user to find similar setups on ALTs.
Notes de version:
v0.3 brings cool new features to make the indicator more easy to use.

1) No need to manually select the corresponding Bitfimex USDLONGS/USDSHORTS symbol we do it for you by default as long as the coin is available in bitfimex
2) Option to override the automatic selection of USDLONG/USDSHORTS. Why? because you might want to use this indicator in a chart of one coin while showing signals from another one. Example: trade ADA while seeing Breaking Point signals from ETH. Specially useful for correlated coins.
3) If the asset is not available on Bitfimex an error window will make you aware (try the PEPEUSDT chart for example).
Notes de version:
Changes in the look

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Script open-source

Dans le véritable esprit de 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 le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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